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...
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...
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...
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...
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...
If you or your business have tax debt, you will want to watch your mailbox carefully over the next few months. The IRS is starting to send out reminder letters to taxpayers who owe back taxes. If you receive one of these letters, you may have as little as 21 days to...
Paying taxes is a legal requirement for individuals and businesses in the United States. These are used to fund various government programs and services. Failing to pay taxes can result in severe penalties, fines and even criminal prosecution. However, there are times...
As an individual or business owner, it is essential to understand the difference between payroll tax liabilities and income tax liabilities. Both types of taxes are crucial for the proper functioning of our tax system, but they serve distinct purposes. They have...
Married couples in Texas will often file a federal tax return under the category of married filing separately. When filing jointly, the standard deduction will be higher than when filing separately, which may lead to reduced tax obligations on the combined income....
The Internal Revenue Service (IRS) sends numerous notices to citizens as reminders of their tax obligations. One noteworthy notice is the CP3219A, the Statutory Notice of Deficiency. This notice is issued when the IRS proposes changes to your tax return, leading to an...
