The Internal Revenue Service provides a process by which tax payers can make corrections to a previously filed return, even if taxes have been paid or a refund made on that year's return already. Some minor mistakes on a return don't always require an amended return, however. For example, the IRS … [Read more...] about Is amending a federal tax return a good idea?
As many people file federal returns in the first half of April -- and many more have already filed -- individuals and families across the state are likely waiting to receive their refund. According to the Internal Revenue Service, refunds on clean returns are generally issued within 21 days of the … [Read more...] about When will you receive your federal refund?
From the IRS to local tax agencies, Texas business owners can't forget about the tax man when starting a business. Launching a new company can be an exhausting, frightening and adventuresome time, especially for new entrepreneurs. It's easy to overlook what seem like tiny details, but those details … [Read more...] about Texas startups should never forget about the tax man
From small to large, all Texas business owners must pay attention to payroll taxes. Payroll taxes refer to the amount business owners withhold from worker checks for federal taxes, Medicare and Social Security, as well as the employer's portion of those taxes. Employers must turn those funds over to … [Read more...] about The power of the IRS makes payroll tax issues serious
Texas residents who are expecting federal tax refund probably don't want to wait longer than required before receiving money. While filing early can help ensure a tax refund is received sooner, there are some instances where tax refunds can be held up for weeks or even months. Filing later also puts … [Read more...] about When can Texas residents expect tax refunds?
It's frightening to owe a debt to the Internal Revenue Service, and many Texas residents may not react as they normally would when faced with a sudden call from the IRS. Since the IRS doesn't make cold phone calls regarding tax debt or other issues, such phone calls are likely part of a … [Read more...] about IRS says phone scams are common