Losing a loved one is never easy. The emotional burden can be overwhelming, and dealing with their financial affairs might be the last thing on your mind. However, it is crucial to understand that you could be inheriting more than just cherished memories – you might...
You may wonder if you can use bankruptcy to discharge tax debt that you cannot pay. Unfortunately, tax debt is generally not dischargeable in bankruptcy, with some exceptions. One factor in determining if your tax debt can be discharged is the type of bankruptcy you...
You don’t want to be audited by the IRS. If you are, then your finances will be put under a microscope, which could lead to extensive penalties or even allegations of criminal wrongdoing if it’s found that you underreported your income and failed to pay your taxes....
For many residents in Texas, their only tax interaction of concern is when they file their taxes in April. This can be a very routine and procedural process; however, it could be the process that leads to questions and concerns by the IRS. Being audited can make...
The words “tax audit” can strike fear in even the most law-abiding, sturdy individual. The Internal Revenue Service has a reputation for its no-hold barred pursuit of everything it is owed in taxes. However, simply because a person thinks they might have a tax issue...
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...
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...
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...
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...
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...
