Question 1

What services do you offer?

Accepted Answer

Personal tax filing, self-employed/Schedule C filing, prior-year filing, amendments, and cash advances up to $7,000.

Question 2

Is your company family-owned?

Accepted Answer

Yes, SpaceTax Services is family-owned, built on trust and dedication to serving our community.

Question 3

What sets you apart from others?

Accepted Answer

Audit protection, filing rewards, and a user-friendly mobile app for virtual filing.

Question 4

Do you serve states other than Texas?

Accepted Answer

Yes, we provide tax preparation services to all 50 states, but we are locally based in Texas.

Question 5

How do I get started with filing my taxes?

Accepted Answer

Use our mobile app to start the virtual filing process or connect with us at one of our monthly events.

Question 6

What documents do I need?

Accepted Answer

ID, Social Security card, W-2s, 1099s, and relevant income/expense records.

Question 7

Do you offer in-person appointments?

Accepted Answer

Currently, we only offer virtual filing through our app as our office is under remodeling.

Question 8

What if I’m filing taxes for the first time? Can you guide me?

Accepted Answer

Absolutely! We’ll guide you through every step to ensure a smooth experience.

Question 9

How much do your services cost?

Accepted Answer

Fees are case-specific. Contact us for a quote.

Question 10

Do you offer payment plans?

Accepted Answer

No, we do not currently offer payment plans.

Question 11

How long does it take to get a refund?

Accepted Answer

Timing depends on the IRS, but e-filing speeds up the process.

Question 12

Can you help if I owe the IRS?

Accepted Answer

Yes, we can assist with understanding your options.

Question 13

Do you fix mistakes on previous tax returns?

Accepted Answer

Yes, we offer amendment services.

Question 14

Is my information secure?

Accepted Answer

Yes, all data is protected through our app and secure processes.

Question 15

Are you licensed tax preparers?

Accepted Answer

We are trained but not certified or licensed agents.

Question 16

Do you help with IRS audits or notices?

Accepted Answer

Yes, we offer audit protection for added support.

Question 17

Do you handle self-employed or small business taxes?

Accepted Answer

Yes, we specialize in self-employed/Schedule C filings.

Question 18

Can you file for prior years?

Accepted Answer

Yes, we assist with catching up on past filings.

Question 19

Do you offer financial planning?

Accepted Answer

No, we focus solely on tax preparation.

Question 20

Do you have a physical office?

Accepted Answer

Our office is under remodeling, so we operate virtually for now.

Question 21

When is the tax filing deadline?

Accepted Answer

Typically April 15, unless it falls on a weekend or holiday.

Question 22

Do I need to file a tax return?

Accepted Answer

It depends on your income, age, and filing status.

Question 23

What documents do I need to file my taxes?

Accepted Answer

W-2s, 1099s, receipts for deductions, and last year’s return.

Question 24

How do I know which tax form to use?

Accepted Answer

Most individuals use Form 1040. Self-employed may need additional forms.

Question 25

What is the standard deduction?

Accepted Answer

A fixed dollar amount reducing taxable income, based on your filing status.

Question 26

Can I file my taxes for free?

Accepted Answer

Yes, IRS Free File and some tax software are free for eligible taxpayers.

Question 27

What happens if I file my taxes late?

Accepted Answer

You may face penalties and interest unless you file an extension.

Question 28

How long should I keep my tax records?

Accepted Answer

At least 3 years, or 7 years if you claim certain deductions.

Question 29

Is unemployment income taxable?

Accepted Answer

Yes, it’s considered taxable income.

Question 30

Are Social Security benefits taxable?

Accepted Answer

Depends on your total income and filing status.

Question 31

What can I deduct on my taxes?

Accepted Answer

Common deductions include medical expenses, mortgage interest, and charitable donations.

Question 32

Can I deduct medical expenses?

Accepted Answer

Yes, if they exceed 7.5% of your adjusted gross income.

Question 33

Are student loan payments tax-deductible?

Accepted Answer

Yes, up to $2,500 in interest may be deductible.

Question 34

How do tax credits differ from deductions?

Accepted Answer

Credits reduce taxes owed directly; deductions lower taxable income.

Question 35

What is the child tax credit, and do I qualify?

Accepted Answer

It’s a credit for each qualifying child under 18. Eligibility depends on income.

Question 36

When will I receive my tax refund?

Accepted Answer

Usually within 21 days if you file electronically.

Question 37

How can I check the status of my refund?

Accepted Answer

Use the IRS “Where’s My Refund?” tool online.

Question 38

What if I owe taxes and can’t pay right away?

Accepted Answer

You can set up a payment plan with the IRS.

Question 39

Can I set up a payment plan with the IRS?

Accepted Answer

Yes, apply online or through your tax return.

Question 40

Are there penalties for underpaying my taxes?

Accepted Answer

Yes, penalties apply if you don’t pay enough throughout the year.

Question 41

What taxes do self-employed people need to pay?

Accepted Answer

Income tax and self-employment tax (Social Security and Medicare).

Question 42

What is a 1099 form, and do I need one?

Accepted Answer

It reports income earned as an independent contractor.

Question 43

Can I deduct home office expenses?

Accepted Answer

Yes, if it’s used exclusively for business.

Question 44

How do I calculate quarterly estimated taxes?

Accepted Answer

Estimate annual income, divide by four, and pay taxes on that amount.

Question 45

What expenses can small businesses deduct?

Accepted Answer

Office supplies, equipment, travel, utilities, and more.

Question 46

How do I amend my tax return if I made a mistake?

Accepted Answer

File Form 1040-X to correct errors.

Question 47

Do I need to pay taxes on gifts or inheritances?

Accepted Answer

Generally, recipients don’t pay taxes, but there are exceptions.

Question 48

What is a tax audit, and how can I avoid one?

Accepted Answer

An IRS review of your return. Avoid errors and keep good records.

Question 49

Are there tax breaks for first-time homebuyers?

Accepted Answer

Yes, such as deductions for mortgage interest and property taxes.

Question 50

How do tax laws differ by state?

Accepted Answer

Each state has its own rules for income, property, and sales taxes.

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