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Services

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Individual

Al’s Tax Services specializes in Individual Tax Return Preparation. The IRS 1040 can be used by an amazing variety of tax payers. It can be used by a single college student with a part time job and, also, by an individual with multiple sole proprietor businesses and/or many rental residential units or complexes. Al’s Tax Services has successfully prepared thousands of individual 1040 returns over the past 30+ years. We do not prepare Corporation or Partnership returns. However, we are very familiar with the various distributions that come from these returns to be included with the individual’s 1040 return. This process can be difficult and confusing at times. We pride ourselves in correctly preparing all phases of the 1040 so the taxpayer can take advantage of all allowed deductions and credits.
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Small Business Proprietor

A sole proprietorship is the simplest and most common way to start a business. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name, such as Barbara’s Nail Salon. Al’s Tax Services is familiar with dozens of different businesses run by sole proprietors. Owner operated trucking businesses, realtors, roofers, drapery installers, landscape and gardening, and many other single owner businesses have been and are clients of Al’s Tax Services. We provide business specific checklists as needed. We assist clients become aware of all expenses that may qualify as deductions. We know how to treat any possible start up costs correctly on the tax return. We assist the owner with other business requirements, such as sales tax reports and employee tax reporting if required. We do not do bookkeeping but will advise owners how to set up their own chart of accounts recording. We welcome all small business clients whatever their product or service.
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Fiduciary Trust 1041

Many people set up Living Trusts as a means of disbursing assets to their beneficiaries upon their death. As long as he or she is alive they are the Trustee of their own trust. They can make changes to the terms of the trust anytime they wish. Living Trusts enable assets to be distributed quickly without going through the time and expense of probate.

The trust will also name one or more successor Trustees to administer the terms of the Trust upon death of the maker. At this time the trust becomes irrevocable and the successor Trustee is now obligated to carry out the terms of the trust. The Trustee or Administrator now acquires Fiduciary status. The successor trustee not only must distribute assets to the beneficiaries but also be responsible for filing tax returns of the Estate with IRS and States that require estate returns. The IRS Trust returns are reported on Form 1041.

We at Al’s Tax Services know how stressful and emotional this situation can be for the Successor Trustee. This period can be short or can last months and even years until finished. We are always mindful of this and stand ready to provide as much support, service, and advice as needed leading to a successful filing and closure for the individuals involved.
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Other Services

Mutual Funds

Traditional IRAs

Roth IRAs

Sep IRAs

401(k) Rollovers

Consolidate Like Accounts Into One

Education 529 Plans

Long Term Care Insurance

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Calculators

College Planning Calculator
Debt Payoff Goal Calculator
Simple Loan Calculator V2
Mortgage Payment Calculator w/Amortization V1
Debt Calculator w/Amortization Schedule
Accelerated Debt Payoff Calculator
Fixed Vs. Minimum Payment Calculator V2
Credit Card Minimum Payment Interest Calculator V1
Credit Card Minimum Payment Interest Calculator V2
Budget Percent Calculator
Cash Flow Calculator
Debt Calculator
Bi-Weekly or Monthly Loan Calculator
Expense Percentage Calculator
Debt Consolidation Calculator V2 (Home Equity Loan)
Missing Loan-Term Calculator V1
Rent Vs. Buy Calculator
Automobile Affordability Calculator
Auto Lease Vs. Buy Calculator
Renter Mortgage Affordability Calculator V2
Life Insurance Need Calculator
Quit-Smoking Savings Calculator
Quit Smoking Meter
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About Us

About Us
Al Lopez is the Enrolled Agent at Al’s Tax Services. Al is a native of California, attended Public Schools and College in California and at Drake University in Des Moines Iowa. He received the BA and MA degrees from Drake University in 1962. He then taught in the public schools of Iowa and California for the next 17 years. His last position as a teacher was teacher of mathematics at a middle school in CA. While teaching he observed that he could help his fellow teachers in preparing their tax returns so they could receive the full benefit of deductions and credits available to them in their profession. This led to enrolling in a tax preparation course. He completed that and thereafter his tax preparation requests increased so much that he eventually decided to follow this profession full time. To improve his skills he studied and passed the IRS Enrolled Agent Exam and became an enrolled agent on November 6, 1984. (See Enrolled Agent) While he continued to increase his tax clientele he could see a need to provide his clients additional financial benefits. By helping clients invest in tax deductible IRA and other retirement plans he could help them save on their tax bill and at the same time help them start to build an estate for themselves.

He completed training in this field and became a Registered Representative licensed to market various retirement plans through the best of a multitude of Mutual Funds available to the public. (see Other Services) In 2005 Al moved from California to McKinney TX to be closer to family members. Al’s tax Services still retains many clients from CA while building up a clientele in TX. Because of the technology available today our clients still receive quality tax preparation services via the mail and other means no matter where they reside. Many present and past clients are now scattered all over the United States, including Alaska. We will accept clients no matter where they reside. We assist you in compiling your records and stay with you until the job is completed. An appointment is welcome but not necessary if you would like to communicate by phone or email.

Who is an Enrolled Agent?
An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years.

Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before. Learn more about enrolled agents in Treasury Department Circular 230 (PDF)


FAQs

Do you take walk-ins?

Yes, Walk-ins can be served by filing out a basic information sheet and dropping off their tax documents. Al will then review the submitted information and call you back if an appointment is necessary. If no appointment is needed, he will prepare your returns using the information provided.

Will I get penalized if I file late, but am due a refund?

No. You will only get penalized if you owe tax when filing late. If you are due a refund you have up to three years to file and still receive your refund. Any later than that and you'll forfeit any refund.

California allows up to four years. Other states will vary with this time limit. We'll be happy to check this for you if you call us.

How do I properly print one of the pages from your website?

When you print the web page in portrait mode the right side of the page may be cut off.

To print the entire width of the web page, you need to change your printer setup to landscape mode or adjust your margins on the printer. This can be done by either changing the 'Page setup' or by adjusting the 'Properties' for your printer within the 'Print' dialog box(printing preferences). Some pages may be cut off even when printing in landscape mode on letter size paper. To print as much information as possible on a page, select landscape mode and print on legal size or tabloid size paper. If you encounter trouble, consult the documentation or help within your browser.

To print background colors and images, you may need to adjust your browser preferences. Unfortunately, there is no simple technique for setting these preferences across all combinations of browsers, platforms, and print drivers. You may find the following suggestions helpful, or consult your browser or print driver documentation if you cannot determine how to print background colors.

Internet Explorer 6.0: From the 'Tools' menu on your browser, select 'Internet Options'. Click on the 'Advanced' tab, then scroll to the heading titled 'printing'. Click on the box that reads 'Print background colors and images'.

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Contact Us

9001 Hampton Ct.
Mckinney, TX 75071-6027
Phone: 972-508-4242
(800) 566-1224


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Privacy Policy

This Privacy Policy governs the manner in which AL’s Tax Services collects, uses, maintains and discloses information collected from users (each, a "User") of the www.alstax.com website ("Site"). This privacy policy applies to the Site and all products and services offered by AL’s Tax Services.

Personal identification information

We may collect personal identification information from Users in a variety of ways, including, but not limited to, when Users visit our site, register on the site, subscribe to the newsletter, fill out a form, and in connection with other activities, services, features or resources we make available on our Site. Users may be asked for, as appropriate, name, email address, phone number. Users may, however, visit our Site anonymously. We will collect personal identification information from Users only if they voluntarily submit such information to us. Users can always refuse to supply personally identification information, except that it may prevent them from engaging in certain Site related activities.

Non-personal identification information

We may collect non-personal identification information about Users whenever they interact with our Site. Non-personal identification information may include the browser name, the type of computer and technical information about Users means of connection to our Site, such as the operating system and the Internet service providers utilized and other similar information.

Web browser cookies

Our Site may use "cookies" to enhance User experience. User's web browser places cookies on their hard drive for record-keeping purposes and sometimes to track information about them. User may choose to set their web browser to refuse cookies, or to alert you when cookies are being sent. If they do so, note that some parts of the Site may not function properly.

How we use collected information

AL’s Tax Services  may collect and use Users personal information for the following purposes:

  • - To improve customer service
    Information you provide helps us respond to your customer service requests and support needs more efficiently.
  • - To process payments
    We may use the information Users provide about themselves when placing an order only to provide service to that order. We do not share this information with outside parties except to the extent necessary to provide the service.
  • - To send periodic emails
    We may use the email address to respond to their inquiries, questions, and/or other requests. If User decides to opt-in to our mailing list, they will receive emails that may include company news, updates, related product or service information, etc. If at any time the User would like to unsubscribe from receiving future emails, they may do so by contacting us via our Site.

How we protect your information

We adopt appropriate data collection, storage and processing practices and security measures to protect against unauthorized access, alteration, disclosure or destruction of your personal information, username, password, transaction information and data stored on our Site.

Sharing your personal information

We do not sell, trade, or rent Users personal identification information to others. We may share generic aggregated demographic information not linked to any personal identification information regarding visitors and users with our business partners, trusted affiliates and advertisers for the purposes outlined above.

Google Adsense

Some of the ads may be served by Google. Google's use of the DART cookie enables it to serve ads to Users based on their visit to our Site and other sites on the Internet. DART uses "non personally identifiable information" and does NOT track personal information about you, such as your name, email address, physical address, etc. You may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy at http://www.google.com/privacy_ads.html

Changes to this privacy policy

AL’s Tax Services  has the discretion to update this privacy policy at any time. When we do, we will post a notification on the main page of our Site and send you an email. We encourage Users to frequently check this page for any changes to stay informed about how we are helping to protect the personal information we collect. You acknowledge and agree that it is your responsibility to review this privacy policy periodically and become aware of modifications.

Your acceptance of these terms

By using this Site, you signify your acceptance of this policy. If you do not agree to this policy, please do not use our Site. Your continued use of the Site following the posting of changes to this policy will be deemed your acceptance of those changes.

Contact us

If you have any questions about this Privacy Policy, the practices of this site, or your dealings with this site, please contact us at:

AL’s Tax Services
www.alstax.com
9001 Hampton Ct.
Mckinney, TX 75071-6027

Phone: 972-508-4242
(800) 566-1224
Email Us

 

This document was last updated on Dec. 21, 2015