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tax

INCOME TAX PREPARATION & SMALL BUSINESS BOOKKEEPING

Looking for Help with Your Taxes, Accounting or Business Planning?
Call us now at (925) 238-0760
and obtain a review of your tax returns from previous years free of charge!


recomendaciones

“After several years of having our business, we were informed that by having our own business, we always had balance to pay in our income tax returns. Thanks to Martinez Services for the first time we had a refund on our tax return in the two previous years. Additionally they helped us to elaborate our "Schedule C" in order to include all our business income and our business expenses”.

Ruben & Isela Limon,
Concord, CA   

"We want to express our gratitude to Martinez Services, due to the fact that in our previous year income tax, that were prepared for another tax preparer person, although we were informed that we would have a refund, instead of money we received a letter where we were informed by the IRS that we owed money, which gave us a big problems because, they asked to payback a large sum of money immediately, money that included penalties plus interest. We feel frustrated, angry and very concerned to the point that we had health problems, because we had no money, so we borrow money to send back to the IRS. Then we went to Martinez Services, where they attended us with kindness and after they reviewed our previous income tax, so many errors were detected so, they helped us and prepared an amendment, resulting not only that we got our refund, but we also got the money that had sent to settle the debt. "


Jose & Avelina Gomez
Pittsburg, CA

  



  

    

 

 

 

 

Feel Alone & Frustrated?
We can handle all your individual Income Tax Return Preparation & Tax Planning.

Need help with your accounting or your small business planning?
Save time with our streamlined and accurate bookkeeping services that handle all your tedious accounting tasks so you can concentrate on running your business. We provide you with complete bookkeeping services including a standard monthly report include cash disbursements, cash receipts, current accounts payable and receivable reports and a monthly profit & loss statement. Bookkeeping services are offered on a flat rate per month.

You’ve probably arrived at our website because you are looking for help from the right person that can help you with your individual tax return preparation, or your small business accounting, business planning or money-saving tax strategies

SERVICES WE CAN PROVIDE

INDIVIDUAL TAX RETURN PREPARATION

  • Individual Income Tax Return

  • Previous Years Income Tax Returns

  • Review and Amendment of Past Tax Returns

  • Open all Year Round

INDIVIDUAL TAXPAYER IDENTIFICATION NUMBER (ITIN)

  • ITIN Application filling out form

  • ITINs are for federal tax reporting only, and are not intended to serve any other purpose. IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means to efficiently process and account for tax returns and payments for those not eligible for Social Security Numbers (SSNs). 
    An ITIN does not authorize work in the U.S. or provide eligibility for Social Security benefits or the Earned Income Tax Credit.

SMALL BUSINESS TAX PREPARATION & PLANNING

  • Get help with saving money on taxes and filing your business tax return forms.

  • Get tax-savings strategies from year-end tax planning to reduce your taxes.

SMALL BUSINESS BOOKKEEPING

  • Use your check stubs, bank statement, and sales records to produce a monthly (or quarterly) income statement and balance sheet.

  • Keep a comprehensive record of how much your small business owes creditors and how much is owed to you.

  • Record how much you have invested in equipment and inventory.

  • Prepare your sales tax form for filing to the California State Board of Equalization.

SMALL BUSINESS START-UP ASSISTANCE

  • Get advice so you can make good decisions when starting your business so you can catapult your enterprise to success.

  • Discover practical resources and expert advice on writing your business plan, filing Federal and State registration forms, learn the pros & cons of incorporating, record keeping requirements, bookkeeping strategies and more.

INCOME TAX RETURN REQUIREMENTS

INFORMATION NEEDED FOR TAX RETURNS

Personal Information

Name, Occupation, Address, DOB and Social Security number
Spouse's Name, Occupation, DOB, and Social Security number
Dependents: Names, Dates of birth and social security number
Previous Tax Returns Federal & State
Bank Account Information

 

Income

W-2s
1099-Misc

From employers
Self-Employment

 

Rental Income

Records of income and expenses
Rental asset information (cost, date placed in service, etc.) for depreciation

 

Retirement Income

1099-R
1099-SSA

Distributions from an IRA.
Social Security received.

 

Savings and Investments

1099-Int
1099-Div

Interest Income
Dividends
Dates of acquisition and records of your cost or other basis in property
you sold

 

Other Income

1099-G
1099-G
1099-SA
1099-A
1099-C
W-2G

Unemployment
State Income Tax Refund
Health care reimbursements
Acquisition or an abandonment of secured property
Cancellation of debt
Gambling winnings
Jury duty records
Hobby income and expenses
Prizes and awards

 

Itemizing Deductions

Child Care Expenses/ Records (including the provider's Tax ID number)
Donations / Gifts to charities and churches
Medical & Dental Expenses /Amounts paid for healthcare insurance and to doctors, dentists, hospitals
Amounts of miles driven for charitable or medical purposes
VLF Vehicle Registration Fee
Amount paid for preparation of your 2010 tax return
Employment-related expenses (dues, publications, tools, uniform cost and cleaning, travel)
Job-hunting expenses

 

Homeowners

1098
1098

Mortgage Interest
Home Equity Interest
Property Taxes
Mortgage Insurance

 

Students





1098-T
1098-E

Bills from the educational institution that itemizes what you paid or received loans for versus what was covered by scholarship or other financial aid
Scholarships and fellowships
Tuition and fees
Student Loan Interest

 

Business Schedule C

A copy of last year Profit & Loss Statement
If your business expenses were $5,000 or less for the year,
you may qualify to file the short form, Schedule C-EZ.)

 

 

 

Income

Gross receipts or sales

 

Expenses

Car and truck expenses
Depreciation and expense deduction/Equipment, fixtures, furniture
Rent
Supplies
Pension and profit-sharing plans
Travel, meals and entertainment
Wages paid to employees
Expenses for business use of your home

 

Cost of Goods Sold

Value of your inventory at the beginning of the year, which normally is the same as what you reported for closing inventory on last year's Schedule C.
How much you spent to buy merchandise, but don't include the value of anything withdrawn from sale or for your personal use.
If you're in manufacturing or construction, you also report wages paid to production workers, factory supervisors and the like, as well as expenses for supplies and other overhead.
Add those costs to your beginning inventory

 

Information on Your Vehicle

Total miles driven for the year (or beginning/ending odometer readings)
Total business miles driven for the year (other than commuting)
Amount of parking and tolls paid
If you want to claim actual expenses, receipts or totals for gas, oil, car washes, licenses,

 

Other Expenses

Membership dues for professional organizations
Subscriptions to business publications
Penalties you paid for nonperformance of a contract
Fees you paid to credit card companies for processing customer card transactions
Business-related gifts to suppliers, clients, contractors, etc

 

LINKS
Government:

Internal Revenue Service web site
State of California Franchise Tax Board web site
California State Board of Equalization web site
California Tax Education Council web site
Social Security Online web site
U.S. Small Business Administration web site



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