FAQs

Worried about not meeting the tax-filing deadline? Our office can help you submit a request for an extension by helping you file Form 4868 – the Application for Automatic Extension of Time to File U.S. Individual Tax Return. Our certified CPAs can help you complete the relatively short form with a competence that is second to none. Call our office to start the process.

Sometimes financial issues arise, and paying your tax liability may not seem like a top priority. Regardless, you’re going to want to file that return (or extension) by April 15th and immediately contact the IRS regarding your situation. The IRS may be able to offer you an installment agreement or compromise if necessary. Failing to file by the deadline, however, means penalties on top of failure-to-pay penalties. Avoid these issues by seeking financial guidance at Gonzalez & Arrambide, Inc., where our CPAs are happy to offer help when you need it most. Reach out to us to get a personalized plan on how to resolve your financial issues.

If you believe you will owe taxes, you have until Tax Day to file, which typically falls around the middle of April. You can find current dates in our Texas Center. 

Filed taxes and now you owe money? Don’t worry: you have options:

• You can pay your balance in full by check or credit card.
• Can’t afford to make a full payment? You can arrange a payment plan with the IRS.
• The U.S. Treasury also offers a free service for electronic payment service.

If you’re not sure which option is best for your situation, call Gonzalez & Arrambide, Inc. to have a qualified CPA help you figure out the best route. Reach out to us to plan for those tax liabilities.

If you’ve gotten behind on filing taxes, the IRS does allow you to file as many returns as you’d like. However, it’s important to recognize the risk of increased financial penalties, and you should remember that you cannot receive any refund money past three years. Also, past returns can only be filed by mail. 

If you need assistance or have any questions about filing for previous tax returns, contact our tax specialists to find out what to do next.

It’s extremely important to understand the different filing statuses and how they can affect your tax return. First of all, there are five different filing statuses:

• Single
• Married filing jointly
• Married filing separately
• Head of household
• Qualifying widow(er) with dependent child

Gonzalez & Arrambide, Inc. can help you resolve any questions about the filing status that would best suit your own situation. Call us to find out what works best for you.

Next, there are certain criteria that need to be met to claim a dependent child:

• The child must be your child or stepchild, foster child, sibling or stepsibling or descendant of one of these.
• The child must live at your residence for more than six months.
• The child must be under 19 years of age or he or she may be under 24 if they are a full-time college student for more than six months out of the year.
• You must have provided support for that child for the year.

If you need assistance determining the right steps to take with your tax filing, our Weslaco tax accountants are here to help. Get in touch for more information.

A 1099 form is usually given to an independent contractor or freelancer as a record of income paid to them by a business or other employers. What is essential for a recipient of the 1099 is to realize that the form does not include deductions at the state or federal level, nor are there Social Security deductions. Also, the forms are sent to the IRS, which means the employee is responsible for claiming that income and for the tax liabilities, as well. 

If you’ve received this form from an employer, but are unsure as to what the next steps are to file your taxes, then give Gonzalez & Arrambide, Inc. a call. Our CPAs are knowledgeable and exceedingly capable of helping you resolve any financial issues or questions you may have. Get started today by reaching out.

Having issues obtaining your W-2 Forms from a defunct employer? Contact the IRS immediately to begin the process of retrieving those vital forms. If the W-2 forms are completely unavailable to you, Form 4852 alongside your last paycheck stub can be used to figure out your annual wages and tax withheld. Just remember that it’s still your responsibility to file those taxes on time regardless of your work circumstances. 

Not sure whom you need to speak with or even where to begin when searching for those lost forms? Contact the tax experts at Gonzalez & Arrambide, Inc., and we’ll help you to resolve those concerns.

Do you have missing tax forms? Then you need to file Form 4868 by Tax Day in mid-April, with specific dates available in our Tax Center. If you file the extension request correctly, then your deadline will change to mid-October, giving you more time to get those forms in order. It’s important to note that if you owe taxes, they still must be paid by Tax Day.

If you’re having issues finding Form 4868 or just can’t seem to find all your necessary tax forms, reach out to our highly capable CPAs to get the help you deserve.

Being audited can be a scary experience, but it isn’t the end of the world. If you’re being audited, you’ll receive a notice in the mail stating so. The notice will have the specific date the audit will take place, as well as the office of the auditing agent. Requesting the audit to be held at the office of a tax professional or your attorney’s office is definitely the best manner to go about this. In fact, Gonzalez & Arrambide, Inc., has years of experience dealing with these sorts of situations occurring in our very own office. So if peace of mind is what you’re seeking, contact us and let us deal with your worries productively and efficiently.

Doing your own taxes is always an option. Still, a certified accountant has the additional insight and skills to ensure a quality tax return. Plus, when utilizing a recognized firm like Gonzalez & Arrambide, Inc., you’ll receive the finest assistance, including technology that allows us to keep up-to-date on all the latest changes in tax policies made by the Texas Comptroller. Our systematic approach to doing taxes means we’ll find every exemption possible for you or your business.

So yes, you can do your own taxes. But it’s to your benefit to take advantage of our 50 years of combined experience. At Gonzalez & Arrambide, Inc, we offer the best tax service available in the Greater Rio Grande Valley region. Make life a little easier by going to accountants you can trust. Reach out to our office and find out how we can help.

Using the proper deduction tactics and expense management can make a big difference in your tax burden, but the specifics can vary widely depending on your situation. It’s typically a good idea to get assistance from a tax professional if you owe taxes and are looking to reduce that tax debt.