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With 17 years of experience as an H&R Block tax pro, Socorro enjoys working with clients to get the most from their taxes and reach their tax-related financial goals. Like all H&R Block tax pros, Socorro stays sharp with an average of 32+ hours of training per year and is genuinely committed to getting you every dollar you deserve. Socorro specializes in clergy, foreign income, rental income and more.
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Clergy have dual tax status as both employees and self-employed individuals. Since a church does not withhold taxes, clergy are responsible for paying taxes as self-employed people.
Foreign income sources like wages, interest from a bank account, payouts on a stock, or rental income are all taxable in the U.S.
Rental income is taxed at standard income tax rates, but you can also deduct the costs of buying and improving a rental property.
This usually happens when tax payers work across state lines or have lived in multiple states in a tax year.
Proprietorships, C corps, and S corps all file yearly taxes, but the forms used to file depend on the way the business is set up.
This is affected by sales of crops and livestock, rental income from land, and farm equipment depreciation.
Investment income can include buying low/selling high, stocks and bonds, and capital losses.
Members of the U.S. Armed Forces have special tax situations and benefits based on things like disability status and combat service.
An individual tax identification number (ITIN) helps people file taxes without a Social Security number.
File taxes in Spanish. Use a bilingual tax prep checklist to get your docs in order.