NCS Income Tax Services

01/22/2016

YES WE ARE OPEN NOW, COME AND GET YOUR TAXES DONE HERE & PAY NOTHING TODAY.
ALSO YOU CAN APPLY FOR $400 OR $750 NO COST LOAN
INSTANT MONEY, LESS THAN 24 HOURS !!!!!

01/03/2013

CHECK OUT OUR THREE LOCATIONS IN HOUSTON, GALVESTON, AND DALLAS....!!!!

01/03/2013

NCS TAX OFFICE WILL BE OPEN ON THE 14TH OF JANUARY 2013

11/06/2012

It's Election Day
Tell frends you're voting in the 2012 Election

09/25/2012

ELEVEN TIPS FOR TAXPAYERS WHO OWE MONEY TO THE IRS

Most taxpayers get a refund from the Internal Revenue Service when they file their tax returns. For those who don't get a refund, the IRS offers several options to pay their tax bill.

Here are eleven tips for taxpayers who owe money to the IRS.

1. Tax bill payments If you get a bill from the IRS this summer
that shows you owe late taxes, you are expected to promptly
pay the tax owed including any penalties and interest. If you are
unable to pay the bill in full amount due, it may be better for you
to get a loan to pay the bill in full rather than to make
installment payments to the IRS. That's because the interest
rate and penalties the IRS must charge by law are often higher
than what lending institutions may be offering.

2. Electronic Funds Transfer You can pay your tax bill by
electronic funds transfer, check, money order, cashier's check or
cash. To pay using electronic funds transfer, use the Electronic
Federal Tax Payment System by either calling 800-555-4477 or
using the online access at www.eftps.gov.

3. CREDIT CARD PAYMENTS You can pay your bill with a credit
card. Again, the interest rate on a credit card may be lower
than the combination of interest and penalties the IRS must
charge. To pay by credit card contact one of the following
processing companies:

---WorldPay US, Inc. at 888-9PAY-TAX ( or www.payUSAtax.com),
---Official Payments Corporation at 888-UPAY-TAX (or
www.officialpayments.com/fed), or
---Link2Gov Corporation at 888-PAY -1040 (or www.pay1040.com)

4.ADDITIONAL TIME TO PAY Based on your circumstances, you
may be granted a short additional time to pay your tax in full. A
brief additional amount of time to pay can be requested through
the Online Payment Agreement application at IRS.gov or by
calling 800-829-1040. There generally is no set up fee for a
short-term agreement.

5. INSTALLMENT AGREEMENT You may request an installment
agreement if you cannot pay the total tax you owe in full. This
is an agreement between you and the IRS to pay the amount
due in monthly installment payments. You must first file all
required returns and be current with estimated tax payments.

6. APPLY USING FORM 9465 You can complete and mail an IRS
Form 9465, Installment Agreement Request, along with your
bill using the envelope you received from the IRS. The IRS
will inform you (usually within 30 days ) whether you request
is approved, denied, or if additional information is needed.

7. APPLY USING ONLINE PAYMENT AGREEMENT If you owe
$50,000 or less in combined tax, penalties and interest, you
can request an installment agreement using the Online
Payment Agreement application at IRS.gov. You may still
qualify for an installment agreement if you owe more than
$50,000, but you are required to complete a Form 433F,
Collection Information Statement, before the IRS will consider
an installment agreement.

8. USER FEES If an installment agreement is approved, a one-
time user fee will be charged. The user fee for a new agreement
is $105 or $52 for agreements where payments are deducted
directly from your bank account. For eligible individuals with
lower incomes, the fee can be reduced to $43.

9. OFFER IN COMPROMISE IRS is now offering more flexible
terms with its Offer-in-Compromise (OIC) Program. An OIC
is an agreement between an taxpayer and the IRS that settles
the taxpayer's tax debt for less than the full amount owed. An
OIC is generally accepted only if the IRS believes, after
assessing the taxpayer's financial situation, that the tax debt
can't be paid in full as a lump sum or through a payment
agreement. CALL NCS 713-649-6333

10. CHECK WITHOLDING Taxpayers who have a balance due
may want to consider changing their Form W-4, Employee's
Withholding Allowance Certificate, with their emolyer.

11. FRESH START The IRS has a program to help struggling
taxpayers get a fresh start. Through the Fresh Start program,
individuals and small businesses may be able to pay the taxes
they owe without facing additional or unnecessary burden.

The Electronic Federal Tax Payment System® tax payment service is provided free by the U.S. Department of the Treasury. After you've enrolled and received your credentials, you can pay any tax due to the Internal Revenue Service (IRS) using this system.

08/28/2012

NCS Can Help When Starting a Small Business

If you are opening a new business this summer,NCS has some basic federal tax information to help you get started.
Here are some things to consider when starting a business:
*Type of Business: One of the first decisions you need to make is what type of business you are going to establish. The most common types of businesses are sole proprietorship, partnership, corporation, Scorporation, and Limited Liability Company. The type of business you establish determines which tax forms you will need to file.
*Types of Taxes: The type of business you operate also determines what types if taxes you will pay and how you will pay them. The four general types of business taxes are income tax, self-employment tax, employment tax and excise tax.
*Employer Identification Number: A business typically needs to get an Employer Identification Number to use as an identifier for tax purposes.
*Recordkeeping: Good record will help you keep track of deductible expenses, prepare your tax returns and support items that you report on your tax returns. Good records will also help you monitor the progress of your business and prepare your financial statements. You may choose any recordkeeping system that clearly shows your income and expenses.
*Tax Year: Every business taxpayer must figure taxable income on an annual basis called a tax year. Your tax year can be either a calendar year or a fiscal year.
*Accounting Method: Each taxpayer must also use a consistent accounting method, which is a set of rules for determining when to report income and expenses. The most commonly used accounting methods are the cash method and accrual method. Under the cash method, you generally report income in the tax year you receive it and deduct expenses in the tax year you pay them. Under an accrual method, you generally report income in the tax year you earn it and deduct expenses in the tax year you incur them.
IF YOU HAVE ANY QUESTION PLEASE CALL NCS TAX OFFICE
713-649-6333

08/08/2012

MOVING THIS SUMMER? HERE ARE 10 HELPFUL TAX TIPS

School's out for the summer, and summer is a popular time for people to move-especially families with children.
If you are moving to start a new job or even the same job at a new job location, NCS offers 10 tax tips on expenses you may be able to deduct on your tax return.
1.-Expenses must be close to the time you start work
Generally you can consider moving expenses that you incurred
within one year of the date you first report to work at a new job
location.
2.-Distance Test:
Your move meets the distance test if your new main job location is at least 50 miles farther from your former home than your previous main job location was from your former home. For example, if your old main job location was three miles from your former home, your new main job location must be at least 53 miles from that former home.
3.-Time Test:
Upon arriving in the general area of your new job location,you must work full time for at least 39 weeks during the first year at your new job location. Self-employed individuals must meet this test, and they must also work full time for a total of at least 78 weeks during the first 24 months upon arriving in the general area of their new job location. If your income tax return is due before you have satisfied this requirement, you can still deduct your allowable moving expenses if you expect to meet the time test. There are some special rules and exceptions to these general rules, so please feel fee to contact Us (NCS) for more information.
4.-Travel:
You can deduct lodging expenses(but not meals)for yourself and household members while moving from your former home to your new home. You can also deduct transportation expenses, including airfare, vehicle mileage, parking fees and tolls you pay, but you can only deduct one trip per person.
5.-Household goods:
You can deduct the cost of packing, crating and transporting your household goods and personal property, including the cost of shipping household pets. You may be able to include the cost of storing and insuring these items while in transit.
6.-Utilities:
You can deduct the costs of connecting or disconnecting utilities.
7.-Noneductible expenses:
You cannot deduct as moving expenses: any part of the purchase price of your new home, car tags, a drivers lilcense renewal, cost of buying or selling a home, expenses of entering into or breaking a lease, or security deposits and storage charges, except those incurred in transit and for foreign moves.
8.-Form:
You can deduct only those expenses that are reasonable for the circumstances of your move. To figure the amount of your deduction for moving expenses, use Form 3903, Moving Expenses.
9.-Reimbursed expenses:
If your employer reimburses you for the costs of a move for which you took a deduction, the reimbursement may have to be included as income on your tax return.
10.-Update your address:
When you move, be sure to update your address whit the IRS and the U.S. Postal Service to ensure you receive mail from the IRS
use Form 8822, change of address, to notify the IRS.
IF YOU HAVE ANY QUESTION PLEASE CONTACT US AT 713-649-6333

08/03/2012

NCS offer to help anyone that OWES to the IRS, just contact US for our services, we are a full Tax Services Provider.
We open year around

07/27/2012

NCS Summertime Tax Tip 2012-08

Renting Your Vacation Home
Income that your receive for the rental of your vacation home must generally be reported on your federal income tax return.
However, if you rent the property for only a short time each year, you may not be required to report the rental income.
The IRS offers these tips on reporting rental income from a vacation home such as a house,apartment,condominium,mobile home or boat:
RENTAL INCOME AND EXPENSES: Rental income, as well as certain rental expenses that can be deducted, are normally reported on Schedule E, Supplemental Income and Loss.
LIMITATION ON VACATION HOME RENTALS When you use a vacation home as your residence and also rent it to others, you must divide the expenses between rental use and personal use, and you may not deduct the rental portion of the expenses in excess of the rental income.
You are considered to use the property as a residence if your personal use is more than 14 days, or more than 10% of the total days it is rented to others if that figure is greater. For example, if you live in your vacation home for 17 days and rent it 160 days during the year, the property is considered used as a residence and your deductible rental expenses would be limited to the amount of rental income.
SPECIAL RULE FOR LIMITED RENTAL USE: If you use a vacation home as a residence and rent it for fewer than 15 days per year, you do not have to report any of the rental income. Schedule A, Itemized Deductions, may be used to report regularly deductible personal expenses, such as qualified mortgage interest, property taxes, and casualty losses.

If you have any cuestion about this tip plese contact us at:
[email protected]

07/26/2012

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07/17/2012

Our goal here at NCS is to stay on top of all new IRS TAX LAWS
and to pass the info to OUR CUSTOMERS.
If you have any questions about your income taxes please send your questions to us and we will answer them as soon as possible.