Tax Information

Individuals & Business Tax Filing

At Sherman Tax & Financials, LLC, we understand that filing taxes for individuals and businesses requires attention to detail and a deep understanding of IRS requirements. We help simplify the process by ensuring you have the right documentation, meet every deadline, and stay in compliance with federal, state, and local tax laws.

Required Documents (if applicable)

Personal & Dependent Identification Information:

Social Security Numbers or ITINS
Driver’s license or state-issued ID
Dates of birth for all dependents
Spouse’s personal information (if filing jointly)
Daycare provider info (name, address, and EIN or SSN).

All Earning Statements:

W-2 (Wages)
1099-NEC (non-employee compensation)
K-1 (Partnerships, S corps, trusts)
1099-G (Unemployment compensation)
Forms 1065, 1120, 1120-S, 706, 709, 720 Self-employment income

Business Income & Expense Documents:

Gross receipts/sales
Travel, mileage, meals, supplies
Equipment purchases and other operational costs

Health Insurance Information:

Forms 1095-A, 1095-B, 1095-C
Records of out-of-pocket medical expenses

Education-Related Forms:

1098-T (Tuition payments)
1098-E (Student loan interest)

Mortgage & Property Tax Statements:

Mortgage interest paid
Property taxes paid

Investment Income Documents:

1099-INT (Interest)
1099-DIV (Dividends)
Capital gains/loss reports from brokerage accounts

Charitable Contributions:

Receipts or bank records of donations
Valuations of non-cash donations

Key Tax Considerations

Quarterly Estimated Taxes:

Due April 15, June 15, September 15, and January 15 (following year)

Employment Taxes:

File Form 941 quarterly if you have employees

State & Local Taxes:

Separate filings may be required based on your business location

Filing Deadlines

March 15: Partnerships & S Corporations
April 15: Sole Proprietors & C Corporations (calendar year)

Extensions:

Individuals: File Form 4868 for a 6-month extension
Businesses: File Form 7004 for most entity types

How Much Does It Cost to Have My Tax Return Prepared?

The cost of having your tax return professionally prepared varies based on several factors, including:

The complexity of your tax situation

The types of forms required (e.g., W-2s, 1099s, K-1s, business income)

Whether you’re filing as an individual or business

Any additional services needed, such as tax planning, audit support, or bookkeeping assistance

At Sherman Tax & Financials, LLC, our fees typically range from a few hundred dollars for standard individual returns to several thousand dollars for more complex returns or those requiring extensive assistance (such as multi-state filings, business ownership, investments, or rental income).

We offer transparent, upfront pricing and will provide a detailed estimate after an initial consultation or document review. Our goal is to ensure you receive the maximum value through expert guidance, accuracy, and peace of mind.

Let Sherman Tax & Financials, LLC take the stress out of tax season. We’ll help ensure accurate filings, maximize your deductions, and keep you in compliance every step of the way.

Tax Planning

At Sherman Tax & Financials, LLC, we specialize in comprehensive income tax planning and preparation. We understand that tax planning is a crucial component of both financial and business strategies. Whether you’re an individual taxpayer or a business owner, our proactive tax planning services are designed to help you save money, maximize your refund, minimize liabilities, and ensure full compliance with tax laws.

Key Areas of Focus

We provide tailored strategies to support your financial goals and reduce tax burdens through:

In-depth review of your business’s financial statements
Detailed analysis of your current tax situation
Personalized tax planning strategies to reduce liabilities
Recordkeeping guidance to ensure you capture all eligible deductions and credits Assistance in selecting the most tax-efficient business entity
Advice on choosing the appropriate accounting method
Preparation and filing of federal and state income tax returns
Ongoing support to ensure full compliance with evolving tax laws

The Importance of Tax Planning

Effective tax planning helps you:

Legally reduce your tax burden
Improve short- and long-term financial outcomes
Stay compliant and avoid costly penalties
Enjoy peace of mind with year-round support

Accounting & Bookkeeping Services

At Sherman Tax & Financials, LLC, our accounting and bookkeeping services are designed to provide clarity, accuracy, and actionable insights into your financial operations. Whether you’re managing a small business or navigating a complex tax situation, we’re here to help streamline your financial processes and keep your records in top shape.

Our Services Include:

Financial Statement Analysis

We carefully review your financial statements to ensure all income and expenses are properly recorded. This helps identify trends, discrepancies, and opportunities for growth.

Tax Planning Support

We assist with complicated tax situations by calculating your tax provision and identifying deductions to help reduce your overall tax burden.

Monthly & Quarterly Closings

We provide timely and accurate monthly and quarterly closing entries and reports, ensuring your books stay up-to-date and compliant.

Customized Accounting Systems

We help develop and implement an optimal accounting system tailored to your business’s size, structure, and goals, improving efficiency and accuracy.

By trusting Sherman Tax & Financials, LLC with your accounting and bookkeeping needs, you gain a reliable partner focused on helping your business grow while staying financially organized and compliant.

IRS Representation & Tax Resolution Services

Dealing with the IRS or state tax agencies can be overwhelming. At Sherman Tax & Financials, LLC, we provide expert IRS representation to help you respond to audits, resolve tax issues, and achieve the best possible outcome with minimal stress.

Our IRS Representation Services Include:

Audit Assistance

If you’re selected for an audit, we’ll represent you before the IRS or state taxing authorities. We handle the communication, prepare necessary documentation, and work to ensure your rights are protected throughout the process.

Resolving IRS & State Notices

Received a notice from the IRS or your state tax agency? We’ll review and explain the notice, determine the best course of action, and respond on your behalf to resolve the issue efficiently.

Tax Debt & Dispute Resolution

We assist with negotiating payment plans, penalty abatement, and other resolution options such as Offers in Compromise, where applicable.

Whether you’re facing an audit, back taxes, or confusing notices, Sherman Tax & Financials, LLC is here to advocate for you and bring clarity to the process.

Additional Compliance & Reporting Services

At Sherman Tax & Financials, LLC, we go beyond income tax preparation to help ensure your business stays compliant with federal, state, and local filing requirements. Our team handles the details so you can focus on running your business.

Our Services Include:

Franchise Tax Report Filing

We prepare and file annual franchise tax reports required by your state, helping you maintain good standing and avoid penalties.

Payroll Reports

We assist with preparing and filing all required payroll tax reports, including federal Form 941, Form 940, and state unemployment and withholding returns.

Sales & Local Tax Reporting

We handle sales tax and local tax filings based on your business’s location and industry. This includes collecting, reporting, and remitting sales tax accurately and on time.

Beneficial Ownership Information (BOI) Reporting

Starting in 2024, many companies are required to report ownership details to FinCEN under the Corporate Transparency Act. We help you understand the requirements and file your Beneficial Ownership Information report accurately and on time.

With Sherman Tax & Financials, LLC, you’ll never have to worry about missing a critical compliance deadline or navigating complex reporting rules alone.

Contact Us
Phone: 713-678-0040

Fax: 832-900-8902

Email: shermantaxfinancials@gmail.com

Address: 2626 South Loop West Suite 650-G Houston, Texas 77054

Hours of Operations
Monday – Friday: 9 AM – 5 PM CST

Saturday: By appointment only