serving west texas individuals

Individual Tax Preparation

Since the 1970s, James Teague & Co CPA’s has been assisting individuals across West Texas with their tax preparation needs. Our longstanding presence in Lubbock reflects a commitment to accuracy, professionalism, and trust.

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Our Approach to Tax Filing

What We Offer

Our approach is thorough and detail-oriented, ensuring compliance and clarity in every aspect of your tax obligations.

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Annual federal and Texas state income tax filings

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Tax planning for various income levels

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Guidance on tax implications for life events such as retirement, home ownership, or inheritance

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Assistance with IRS correspondence and audits

Structured for Accuracy

What to Expect When We Prepare Your Return

01

Initial Review

We begin by reviewing prior-year filings and gathering your current documents.

02

Detailed Preparation

We carefully prepare your return using professional software, checking for accuracy and compliance.

03

Final Sign-Off

We review your return with you, discuss any items of note, and file only after your approval.

Common Tax Questions

  • What documents should I gather for tax preparation?

    Common documents include:


    • Form W-2 from employers
    • Form 1099 for additional income (e.g., freelance work, interest, dividends)
    • Records of deductible expenses (e.g., mortgage interest, medical expenses, charitable contributions)
    • Social Security numbers for yourself and any dependents

    • Last year's tax return

    Having these documents organized can facilitate a smoother preparation process.

  • What is the difference between a tax deduction and a tax credit?

    A tax deduction reduces your taxable income, potentially lowering the amount of tax owed. A tax credit directly reduces the tax you owe, dollar for dollar. Some credits are refundable, meaning they can increase your refund even if you have no tax liability.

  • What should I do if I can't file my return by the deadline?

    No problem! We’re experienced in handling returns with multiple income sources, whether it’s from employment, freelance work, investments, or rental properties. We’ll make sure everything is reported accurately and that you’re taking advantage of all possible deductions.

  • Do I need to file a tax return if I have minimal income?

    Filing requirements depend on various factors, including income level, filing status, and age. Even if not required, filing may be beneficial to claim refunds or tax credits. Consulting with a tax professional can provide clarity on your specific situation.