Residents of the Dallas and Fort Worth area who make their income selling online merchandise better not ignore that official-looking form they got in the mail. Tax agencies -- the Internal Revenue Service, in particular -- are watching. And with tax regulations seemingly becoming more complicated … [Read more...] about Tax changes to affect high-volume online sellers
New rules afoot for tax preparers
A change in tax law now will require some 87,000 people who prepare tax returns in Texas to have a nine-digit number that will identify them as a tax preparer. It's all in an effort to give tax agencies better control over the people taxpayers hire to prepare their returns. In the past, Texans … [Read more...] about New rules afoot for tax preparers
Tax exemption for disabled vets extended to surviving spouse
An important tax law that took effect in Texas on Jan. 1 will allow the spouses of fully disabled veterans to continue to receive property tax breaks even after the veterans die. Under the previous law, only veterans ruled to be completely disabled due to military-related injuries were not … [Read more...] about Tax exemption for disabled vets extended to surviving spouse
Experts gauge how Congress will “patch” taxes in 2012
Not many tax changes are planned in the Internal Revenue Service rule books for 2012. Tax agencies and tax litigation specialists recommend using the year to get tax plans ready for potential big changes that may occur for 2013. High-asset and some middle-income taxpayers will feel a pinch if … [Read more...] about Experts gauge how Congress will “patch” taxes in 2012
Preview of the 2012 inflation-adjusted IRS tax changes
The rate of inflation is factored into the Internal Revenue Service tax forms on an annual basis. Forward-thinking taxpayers can review the IRS tax changes when it releases its adjustments for 2012 in early November. Here is a preview of some of the tax agency rules that affect how taxpayers will … [Read more...] about Preview of the 2012 inflation-adjusted IRS tax changes
IRS launches worker classification forgiveness program
Companies in Texas and elsewhere that have incorrectly classified workers as independent contractors now have a chance to avoid tax litigation and the wrath of the Internal Revenue Service. A new IRS "forgiveness" program lets businesses that have classified workers as independent contractors avoid … [Read more...] about IRS launches worker classification forgiveness program