For many individuals and businesses in Texas, April 15 is the big day for federal tax matters. Not getting returns and payments in by mid April can result in penalties and interest, which is something everyone wants to avoid. Tax matters are a year-round concern, despite the importance placed on … [Read more...] about April 15 isn’t the only IRS deadlines for Texas residents
Texas residents should know their rights when it comes to taxes
Millions of people across the country will be receiving an extra document from the Internal Revenue Service this year when they receive notices about collections or audits. According to the IRS, it will be issuing taxpayers a document called the "Taxpayer's Bill of Rights." The document lays out … [Read more...] about Texas residents should know their rights when it comes to taxes
Texas-based pension group cuts ties with company over tax woes
Tax troubles can be one of the most stressful, serious financial problems faced by individuals and businesses. Future plans can be derailed by a bank or wage levy, and penalties and interest can become impossible to manage, even when organizations are attempting to work issues out with the Internal … [Read more...] about Texas-based pension group cuts ties with company over tax woes
Avoid penalties and interests with proof of filing
Last-minute Dallas tax filers are likely gearing up to get returns in the mail or file electronically over the next few days. While a postmark on your return dated April 15 or before means you've filed on time, it may be difficult to prove that fact if your envelope goes missing during the delivery … [Read more...] about Avoid penalties and interests with proof of filing
Many Dallas residents likely to get tax refund via direct deposit
Preliminary statistics from the Internal Revenue Statistics for 2014 show that refund averages are up two percent from last year, and the majority of individuals who are receiving a tax refund elected to have the funds direct deposited into bank accounts. In fact, the statistics show that 85 percent … [Read more...] about Many Dallas residents likely to get tax refund via direct deposit
Audits reveal IRS execs owe back taxes, no penalties and interest
Keeping up with tax laws and requirements is a challenge for residents and businesses in Dallas, Texas, and throughout the country. Many residents may not be aware of what is called Long Term Taxable Travel, or LTTT. This tax comes into play when someone travels to and from a principle work location … [Read more...] about Audits reveal IRS execs owe back taxes, no penalties and interest