If you owe money to the IRS, they are going to want that money back with interest and penalties. However, there may be a way to reduce your tax bill in Texas, even if you can't pay it in full. Understanding IRS penalties and interests The IRS charges penalties if you:...
With no state taxes in Texas, it is one less thing to worry about when filing taxes. But, you might wonder if you need to file taxes or are exempt from taxes this year. Some people mistakenly do not file taxes. So here are some of the reasons that people do not file...
Employers in Texas are responsible for calculating their own share of taxes, deducting the correct amount of taxes from their employees' wages, depositing the payments and filing returns with the federal, state and local government entities. When some of the taxes go...
In a typical year, Texas residents must file their personal income tax returns by April 15. The consequences for failing to comply with the deadline depend on whether you are owed a refund or owe the government money. However, there may be benefits to filing your tax...
