With the so-called tax season coming to an end in April, most Texas residents have likely already gone through the process of doing their taxes and determining what they owe the state and federal governments. It can be a tedious and meticulous process, but one fraught...
Tax
When do simple tax errors raise to criminal tax investigations?
The only inevitables in life are death and taxes, but tax filing can be intricate. Unfortunately, this means that errors are common. Though, unlike simple paperwork errors made in every other facet of life, tax errors can have severe consequences. Distinguishing...
Small business tax implications to consider in 2024
The current tax year brings some significant changes for small businesses in Texas. Although individuals must file income taxes or request an extension by April 15, small businesses have varying deadlines based on their industry. Here are some considerations if you...
Common tax errors made by independent contractors
Independent contractors are subjected to unique tax laws that can have serious implications if you don’t carefully navigate them. In fact, we often see independent contractors face significant tax debts that are hard to get a handle on and that negatively impact their...
Finding a resolution to your tax law dispute
Although you likely have various tax obligations each year, it is something you likely dread and like to put off. Thus, when legal issues arise concerning your taxes, this can be a very overwhelming and stressful matter. What makes it worse is that tax law disputes...
What are the main causes of tax debt?
With April 15 just around the corner, many people are starting the tax filing process. If you find that you owe taxes to the government, it is important that you pay the total amount owed on time. However, many people find that due to unforeseen circumstances, they...
What to do after receiving an IRS notice
No one enjoys getting a letter from the Internal Revenue Service. Even if you have properly filed your tax returns and paid any owed tax debt, IRS letters are usually associated with bad news, and you may feel confused and anxious. Do not throw the letter away or...
Does student loan forgiveness trigger a taxable event?
In recent years, student loan borrowers in Texas and elsewhere have had greater leeway when paying their balances. In some cases, borrowers have even had their balances forgiven. While debt forgiveness means you're no longer required to send additional money to your...
How do I set up a payment plan for tax debt?
One of the biggest mistakes people who owe tax debt make is ignoring the debt. Knowing you owe money to the federal government that you cannot pay can be scary and overwhelming. However, it is vital that you address this debt because the Internal Revenue Service can...
Protecting your business from payroll tax liabilities
Owning and operating a business can be a very rewarding experience and a major goal for many. While there are many benefits there are also a multitude of responsibilities and laws and regulations that must be complied with. As an employer in Texas, there are many...