Thank You
A member of our team will be in touch with you, shortly. We appreciate your interest!
In the meantime, feel free to check out some of our most recent blog entries:
What Should I Do If I Get a Call From Someone Claiming to be With the IRS?
Understanding IRS Calls: What You Need to Know If you receive a phone call and the person claims to be with the IRS, the first thing you should do is ask for their name and badge number. Do not provide them with any answers to any of their questions or provide any...
How the new tax bill is changing the way you claim your children and other dependents
The New Tax Bill: What It Means for Your Dependents Taxpayers who claim dependents on their tax returns will be seeing some changes for the 2018 filing season. The passing of the Tax Cuts & Jobs Act (TCJA) included the removal of the personal exemption deduction...
Why Real Estate Professionals Absolutely Must Have Their 2018 Tax Return Professionally Prepared
A Guide to Professional Tax Preparation for Realtors With the passing of the Tax Cuts and Jobs Act (TCJA), 2018 is shaping up to be a good tax year for most self-employed individuals, including realtors. While in previous years you may have felt like you could make do...
I have a simple tax question, why is it so hard to answer?
The Frustration of Tax Questions: A Deep Dive Year round we get calls and emails from clients and perspective clients alike, many times with what is intended to be a simple tax question. “If I do this thing, can I write it off” is a very common one. Trouble is, there...
Small Business of the Year Award
Your Path to Recognition: Small Business Award Guide The Lone Star College SBDC has selected Molen & Associates as one of three finalists for the Small Business of the Year Award for 2018. With over 200 nominees participants, we greatly value being recognized as...
Tax Withholding Issues for Multiple Employers
Tax Withholding Solutions for Those with Multiple Employers Working for more than one employer, such as having a side job, can change your tax return more than you might expect. Filling out a W4 and determining your withholdings may not be as easy as you thought....
Accountant vs. Tax Preparer
Work Effectively with Your Accountant or Tax Preparer You wouldn’t use a hammer to tighten a nut, would you? I also hope you don’t use a screwdriver to brush your teeth. For every task there are several different tools that we could use. Some are better than others,...
Should I Pay Off My Home?
What Happens If I Pay Off My Home Early? As a tax professional, this question is often asked by my clients. With the passing of the Tax Cuts and Jobs Act of 2017 and the first major overhaul to our tax code since 1986, I thought it might be helpful to take a new look...
The Most Important thing to Know Before Starting Your Own Business
Essential Factors to Consider Before Starting a Business You have a killer idea, or you’re really good at something, and you want to start a business. Did you know that according to the Small Business Administration (SBA), approximately 543,000 businesses are started...
Don’t Like Your Tax Professional’s Answers? Maybe You’re Asking the Wrong Questions.
Are You Asking the Right Questions for Tax Guidance? Early in my tax preparation career I used to get very frustrated in my job. I would often be asked a question by a client which I did not know the answer to and I would walk down to the owner of the firm and would...
How Law Enforcement Professionals Can Save Thousands in Taxes When Working Extra Security Jobs
Tax Strategies for Law Enforcement: Working Extra Security To understand these concepts, I need to clarify a few important points. When I was a young boy, my mother taught me that “frustrations only come from unrealized expectations”. What took her only a few...
Can I Write Off My Medical Deductions?
Tax Benefits of Medical Deductions Explained Writing off medical expenses on your tax return is a real thing. There are 2 important questions to medical deductions. One of them is a fairly common and easily asked, “What can I write off?” or “Can I write [XYZ] off as a...
Working For More Than One Employer
The Future of Work: Navigating Multiple Employment Working for more than one employer, such as having a side job, can change your tax return more than you might expect. Filling out a W4 and determining your withholdings may not be as easy as you thought. ISSUE: When...
Where’s My Refund?
Where’s My Refund? Once we file your taxes, we will check within 24-48 hours to ensure acceptance. After this process, you should be able to check the status of your return for e-filed returns. The process may take up to four weeks for a mailed paper return. There is...
Save Up to $50.00 on Your 2017 Tax Return
Strategies to Save on Your 2017 Taxes Recent law changes and Hurricane Harvey are resulting in increased complexity, difficulty, and uncertainty. Never fear, however, Molen & Associates is prepared to help. Moreover, If you are one of the many Americans that...