​Married And Individual Taxes 

Areas of Specialization
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Preparing your own income tax return can be a task that leaves you with more questions than answers.  Even if you use a computer tax software program, there's no substitute for the assistance of an experienced tax professional.  At Phoenix Accounting Services, individuals tax returns is what we do.  We provide Tax Accounting "Strategic Tax Planning", "Financial Planning Services", "Auditing Services" and "Consulting Services".       ___________________________________________________________________

​​Who Must File Individual Taxes?
You must file a federal income tax return if your income is above a certain level; which varies depending on your filing status, age and the type of income you receive.

Check the Individuals section of the IRS website at http://www.irs.gov or consult the instructions for Form 1040, 1040A, or 1040EZ for specific details that may help you determine if you need to file a tax return with the IRS this year.  

There are some instances when you may want to file a tax return even though you are not required to do so. Even if you don’t have to file, here are seven reasons why you may want to:

1. Federal Income Tax Withheld You should file to get money back if Federal Income Tax was withheld from your pay, you made estimated tax payments, or had a prior year overpayment applied to this year’s tax.
   
   
2. Making Work Pay Credit  You may be able to take this credit if you had earned income from work. The maximum credit for a married couple filing a joint return is $800 and $400 for other taxpayers.
   
   
3. Earned Income Tax Credit  You may qualify for EITC if you worked, but did not earn a lot of money.EITC is a refundable tax credit; which means you could qualify for a tax refund.
   
   
4. Additional Child Tax Credit  This refundable credit may be available to you if you have at least one qualifying child and you did not get the full amount of the Child Tax Credit.
   
   
5. American Opportunity Credit  The maximum credit per student is $2,500 and the first four years of postsecondary education qualify.
   
   
6. First-Time Homebuyer Credit  The credit is a maximum of $8,000 or $4,000 if your filing status is married filing separately. To qualify for the credit, taxpayers must have bought – or entered into a binding contract to buy – a principal residence located in the United States on or before April 30, 2010. If you entered into a binding contract by April 30, 2010, you must have closed on the home on or before September 30, 2010. If you bought a home as your principle residence in 2010, you may be able to qualify and claim the credit even if you already owned a home. In this case, the maximum credit for long-time residents is $6,500, or $3,250 if your filing status is married filing separately.
   
   
7. Health Coverage Tax Credit  Certain individuals, who are receiving Trade Adjustment Assistance, Reemployment Trade Adjustment Assistance, or pension benefit payments from the Pension Benefit Guaranty Corporation, may be eligible for a Health Coverage Tax Credit worth 80 percent of monthly health insurance premiums when you file your 2010 tax return.

Audit & Appeal Representation
We possess the expertise and experience to represent taxpayers before tax authorities.  Our tax professionals understand the dispute resolution and appeals process and work diligently to obtain you the most favorable results.

​Business Location #1

Phoenix Accounting Services
5501 N 7th Ave, Ste 103
Phoenix, AZ 85013
602-680-7612
Email: info@phxaccts.com
Fax: 1-800-480-1551

Google Map Location

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Business Location #2

Phoenix Accounting Services
1550 E University Dr, Ste 2L,
Mesa, AZ 85203
480-993-3138
Email: info@phxaccts.com
Fax: 1-800-480-1551

Google Map Location

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