Income Taxes

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Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer. Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.

Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts. Your tax return can be filed electronically, with direct deposit so you will get a refund back quicker and more convenient. Our staff will show you how to adjust your payroll withholding to get more money back each week. We will show you potential deductions to limit your tax liability for next year. 

In many cases, we try to provide the completion of tax returns within your appointment time. If not, we'll do our best to complete the returns timely.

Mesquite Tax will help in almost every type of Tax Returns. We complete Individual Returns in every state with just about every schedule and form. Here are some examples:

· Simple Returns including Wages, Retirement, & Social Security Income; Plus Simple Interest, Dividends, & Capital Gains

· Complicated Interest, Qualified & Ordinary Dividends, and Capital Sales, Schedule B & D

· Small Business, Sole Proprietor, Contract Labor, Form 1099-Misc, Home Office Expense, Schedule C

· Rental Properties, K-1 Pass-through Income, Schedule E

· Farm Business and Rental Income, Schedule F & Form 4835

· Other Income including Gambling, Unemployment, Alimony, Jury Duty, Awards & Settlements

· Adjustments to Income: Educator Expenses, Student Loan Interest, HSA & Retirement Contributions

· Itemized Deductions: Medical, Taxes (State Income, Real Estate, Vehicle), Mortgage Interest, & Charity

· Extra Taxes: SE Tax, AMT, IRA Penalty, Household Employee, etc

· Tax Credits: Child Care & Tax, Earned Income, Education, Health Care, Energy, Foreign, etc.

We complete all business returns ranging from Partnerships, C & S-Corporations, Trusts, Estates, Gifts, and Non-Profit's. The pressures of running a business can be huge. The last thing an owner needs is the additional stress of proper tax preparation and accounting. We want you to concentrate on what you do best and leave the corporate tax issues to us. Mesquite Tax, LLC will work very hard to make certain that we are up to date on all the latest business laws and tax practices and how they affect your unique tax situation. We can reduce the stress, guide you in the right direction, and help your business make the correct tax decisions throughout the year. 

We try to streamline the Tax Preparation into Income & Expenses, Balance Sheet, Asset & Depreciation Reports. We hope to consolidate the gathering of the data and make filing a simple process. Our goal is to prepare your taxes in the most stress-free manner that brings you the best financial outcome. 

Did you know sales tax rates are different for various businesses in diverse locations? You might be a clothing retail store in Gilbert, and decide to move to Mesa or have two locations.  Do you know how to make the transition from city to city?  Do you know the licensing requirements?  Are you paying the correct fees to obtain a transaction privilege license (TPT)?

Collecting sales tax is not as easy as it seems.  There are licensing requirements, convoluted calculations, complicated returns, various deductions & credits, and payments. Would you rather spend time to take care of your core business or would you spend countless time to calculate sale tax every single month?  Don’t get stuck with interest, penalties, and/or garnishments from improper sales tax returns.

We at Mesquite Tax, LLC pride ourselves on knowing the current laws & rates, finding the correct deductions, calculating the lowest tax amount each month, and completing the returns properly.  We perform various engagements, from completing the returns each month to consulting and preparing techniques for user friendly completion to save costs.  Let us help to take care your sales tax need.