Noble Tax Service

03/19/2022

05/16/2021

Just a reminder. The State of Texas has until June 15 to file you federal income tax return. If you need assistance to file or have questions please feel free to contact me. You can also PM me at Sandy O'Quin Noble

01/13/2019

Just want to thank you all for liking my post. If you need any help or tax information please post you questions and I will answer as soon as I can. Thank you again.

01/05/2019

*Tax Rates have been reduced. The new tax rates are 10%, 12%, 22%, 24%, 32%, 33% and 37%.
*The standard deduction amount increased: Single or married filing separately $12000; married filing jointly or Qualifying Widow: $24000; Head of household: $18000.
*Personal Exemption has been eliminated for 2018
*Increased child tax credit and additional child tax credit: For 2018, maximum child tax credit has increased to $2000, of which $1400 can be claimed for the additional child tax credit. In order to claim the child tax credit, a social security number is required.
*Itemized deductions are no longer limited due to Adjusted Gross Income. Your state and local income, sales and property taxes are limited to a combined, total deduction of $10000($5000 if married filing separately.
*Alternative minimum tax (AMT) exemption amount has increased to $70,300 ($109,000 if married filing jointly, $54,700 if married filing separately.
*For my business owners, there have been multiple changes in the Entertainment/Food Expenses and section 179 limits, and changes to depreciation of business property.
*Medical expenses are limited to 7.5% of Adjusted Gross Income
*Standard mileage deduction is 54.4 cents for 2018.

Let me help you with your tax needs. 281-373-3165

01/19/2018

Well it's time to start gathering your information for your 2017 taxes. The mileage rate for business is 53.5 cents, medical mileage 17 cents and charity mileage 14 cents. Just to name a few. If you are needing your taxes done, contact me at 281-373-3165 to schedule an appointment.

10/30/2017

Scams Targeting Taxpayers
IRS-Impersonation Telephone Scams
An aggressive and sophisticated phone scam targeting taxpayers, including recent immigrants, has been making the rounds throughout the country. Callers claim to be employees of the IRS, using fake names and bogus IRS identification badge numbers. They may know a lot about their targets, and they usually alter the caller ID to make it look like the IRS is calling.

Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. Victims may be threatened with arrest, deportation or suspension of a business or driver’s license. In many cases, the caller becomes hostile and insulting. Or, victims may be told they have a refund due to try to trick them into sharing private information. If the phone isn't answered, the scammers often leave an “urgent” callback request.
Please See: Consumer Alert: Scammers Change Tactics, Once Again
Some con artists have used video relay services (VRS) to try to scam deaf and hard of hearing individuals. Taxpayers are urged not trust calls just because they are made through VRS, as interpreters don’t screen calls for validity. For more details see the IRS YouTube video: Tax Scams via Video Relay Service.
Con artists often approach victims with Limited English Proficiency in their native language, threaten them with deportation, police arrest and license revocation, among other things. IRS urges all taxpayers caution before paying unexpected tax bills. Please see: IRS Alerts Taxpayers with Limited English Proficiency of Ongoing Phone Scams. Note that the IRS will never:
Call to demand immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer. Generally, the IRS will first mail you a bill if you owe any taxes.
Threaten to immediately bring in local police or other law-enforcement groups to have you arrested for not paying.
Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe.
Ask for credit or debit card numbers over the phone.

09/09/2017

The IRS provided tax relief to taxpayers affected by Hurricane Harvey, including partnerships; affected taxpayers (as defined in the news release providing relief) have until Jan. 31, 2018, to file their returns. Calendar-year partnerships that are affected taxpayers that also receive relief from penalties under Notice 2017-47 if they file a return on or before Sept. 15, 2017, will receive relief from the failure-to-file penalty if they file the return by Jan. 31, 2018.

The tax relief postpones various tax filing and payment deadlines that occurred starting on Aug. 23, 2017. As a result, affected individuals and businesses will have until Jan. 31, 2018, to file returns and pay any taxes that were originally due during this period. This includes the Sept. 15, 2017 and Jan. 16, 2018 deadlines for making quarterly estimated tax payments. For individual tax filers, it also includes 2016 income tax returns that received a tax-filing extension until Oct. 16, 2017. The IRS noted, however, that because tax payments related to these 2016 returns were originally due on April 18, 2017, those payments are not eligible for this relief.

01/28/2017

Hello Clients, I have started to process tax returns and are finding a few requirements for those of you who electronically file your return. They are requesting verification of Drivers License information to help prevent Identity fraud. So please bring your drivers license so that I may get the information needed to efile your return. They are requiring Number, Issue and expiration date. Thank You and Thank You for your continued business.