Keeping in mind the ways you can give to charity is a way to protect your estate. The amount you give is a real tax incentive in Texas. You might have used deductions before, but if you error here just a bit, you’re sure to get penalized. There are only a few ways to...
Governor Greg Abbott has signed a number of significant bills. These concern taxpayers in the Dallas and Fort Worth area. SB 903 will allow people claiming a tax refund to go to district court without an administrative hearing. HB 2080 lets them file suit without...
No one ever wants to face an audit of their company tax returns, but it's a reality that many business owners must face at some point. If you're about to get audited by the IRS, don't panic. There are things you can do to prepare yourself and make the process as...
Owning a business comes with many responsibilities, including financial ones. Texas business owners might find themselves overextended with loans or other debts, and limited or decreased cash flow could undermine the ability to make payments. Some may choose to cover...
Chances are that you dread the idea of a tax audit. What is it exactly, and what can you expect if your returns get selected for review? Tax audits Tax audits refer to an examination by the Internal Revenue Service of a taxpayer's tax return to determine if the...
Many people leave their jobs to work for themselves by starting a business or becoming freelancers or independent contractors. Although someone's employment status may change, obligations to pay federal income tax do not go away. Self-employed Texas professionals may...
The Internal Revenue Service often launches criminal investigations of those suspected of fraud or blatant tax evasion. The IRS understands some taxpayers may have difficulty meeting their obligations, which is why payment plans are available to those who file...
Many taxpayers in Dallas/Fort-worth don't want to get in trouble with the IRS, so scammers take advantage. While scams can occur all year, they are more frequent during holidays and tax time. The IRS has a list of the "Dirty Dozen" top scams taxpayers should know...
Residents of Texas understand the importance of resolving tax debt, but things sometimes become challenging, and tax debt unintentionally builds. The burden of repayment can be scary, but the IRS wants taxpayers to know that the organization is open to compromise and...
Millions of tax returns undergo routine processing and the filers never face any scrutiny from the Internal Revenue Service. However, some tax returns receive closer examinations. Texas residents might feel surprised when an audit notice arrives in the mail. After the...
