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Tax Services Blogs in Round Rock, Texas
Understanding State and Federal Income Taxes
The income tax system in the United States is pretty straightforward—a certain percentage is applied to your taxable income based on the law. However, it can also be really confusing, especially when you have to deal with both the federal and...
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What to Know About Form 1099-NEC
In light of the Internal Revenue System reviving the old form 1099-NEC to report all nonemployee compensation, we at KF Tax & Accounting, P.C., one of the leading tax accounting firms in Texas, has created the following explainer. Quick note:...
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Top 5 Reasons to E-file
Tax season is here again and electronic–filing makes filing easy and simple. As if filing is not tedious enough, going the old fashioned way makes it even harder and frustrating.Having to mail paper form to the IRS, having doubt about the paper...
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Tips to remember when choosing the right tax preparer
As a tax payer, choosing the right tax preparer is pretty vital. Remember that the tax payer is legally responsible for the details on the tax form, so if you are not the one preparing it, here are a few tips to help you chose the right tax...
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Five Things to Know About the Child Tax Credit
The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five facts from the IRS on the Child Tax Credit: 1. Qualifications....
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Use the “Where’s My Refund?” Tool
Taxpayers who have not yet received their income tax refunds can use “Where’s My Refund?” app to check the status. Find it on IRS.gov or the free IRS mobile app IRS2Go. Here are five tips to know about “Where’s My Refund?”: 1. Some...
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