Freedom Tax Services

Freedom Tax Services Let's get you the refund you deserve! We help you save money and time on your taxes. Follow us for tips, tricks and updates on the latest tax laws.

Hey, are you thinking of selling your house in the US? If so, you might want to know how taxes work on that. Basically, ...
02/07/2024

Hey, are you thinking of selling your house in the US? If so, you might want to know how taxes work on that. Basically, if you sell your house for more than what you paid for it, you might have to pay a capital gains tax on the profit. But don't worry, there's a way to avoid that. If you lived in the house for at least two years out of the last five years, you can exclude up to $250,000 of the gain from your income (or $500,000 if you're married and file jointly). That means you don't have to pay any tax on that amount. Pretty cool, huh? Of course, there are some exceptions and rules to follow, so you should check out the IRS website or talk to a us for more details.

02/07/2024

Freedom Tax Services helps you with your taxes in a simple and hassle-free way. We offer online and in-person services, depending on your preference and needs. Whether you are an individual, a small business, or a non-profit organization, we can help you file your taxes accurately and on time. We also provide tax planning and consulting services to help you save money and optimize your tax situation. Freedom Tax Services is more than just a name, it's our promise to you. We want you to feel free and confident about your taxes, knowing that we are here to support you every step of the way.

If you own a rental property, you need to pay tax on the income you earn from it. The amount of tax you pay depends on y...
02/07/2024

If you own a rental property, you need to pay tax on the income you earn from it. The amount of tax you pay depends on your total income, your expenses, and your tax rate. Here are some tips to help you manage your tax for rental property:

- Keep track of your income and expenses. You can deduct expenses like mortgage interest, repairs, maintenance, insurance, and property taxes from your rental income.
- Report your rental income and expenses on Schedule E of Form 1040. You may also need to file other forms depending on your situation, such as Form 4562 for depreciation or Form 8582 for passive activity losses.
- Pay estimated taxes quarterly if you expect to owe more than $1,000 in tax for the year. You can use Form 1040-ES to calculate and pay your estimated taxes.
- Consult us if you have questions or need help with your tax for rental property.


02/07/2024

Tax can be confusing and stressful for many people. There are so many rules, forms, deadlines and penalties to worry about. That's why we need help with tax from experts who can guide us through the process and save us money and time. Whether you are an individual, a freelancer, a small business owner or a corporation, you can benefit from professional tax advice and services.
Tax can be confusing and stressful for many people. There are so many rules, forms, deadlines and penalties to worry about. That's why we need help with tax from experts who can guide us through the process and save us money and time. Whether you are an individual, a freelancer, a small business owner or a corporation, you can benefit from professional tax advice and services.

You could have missed these deductions!
02/07/2024

You could have missed these deductions!

Due date for filing individual income taxes depends on whether you are a calendar year filer (which is most common) or a...
02/07/2024

Due date for filing individual income taxes depends on whether you are a calendar year filer (which is most common) or a fiscal year filer:

Calendar Year Filers:
File your taxes by April 15, 2024

Fiscal Year Filers:
File your taxes on the fourth month after your fiscal year ends, specifically on day 15 of that month.
If day 15 falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day1.

Remember, if you need more time to file, you can request an automatic 6-month extension by submitting Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return by the original due date. However, keep in mind that an extension of time to file is not an extension of time to pay, so it’s essential to pay any owed taxes by your original due date to avoid penalties.

Address

2340 W Bell Road Ste 124
Phoenix, AZ
85023

Opening Hours

Monday 9am - 8pm
Tuesday 9am - 8pm
Wednesday 9am - 8pm
Thursday 9am - 8pm
Friday 9am - 8pm
Saturday 9am - 8pm
Sunday 9am - 12pm

Telephone

+16028433593

Website

Alerts

Be the first to know and let us send you an email when Freedom Tax Services posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Freedom Tax Services:

Shortcuts

Share

Category