Renewable energy tax credits that are credited with encouraging much of the wind turbine growth in Texas are being debated again by federal legislatures. In a flip-flop of federal tax law, the credits have long been a stop-and-go policy, which one politician says is bad for business. At a time … [Read more...] about Renewable energy tax law fluctuates
Legal battles may not excuse Texas businesses from tax payments
When state or local governments pass taxes on certain businesses or goods, and those taxes are challenged in courts, it may not mean businesses and individuals are exempt from paying in the meantime. A tax levied in 2007 against Texas strip clubs has been the subject of an ongoing court battle in … [Read more...] about Legal battles may not excuse Texas businesses from tax payments
Dallas man pleads guilty to tax fraud charges
Selecting an honest, ethical and capable professional to handle tax issues for you or your business is important. Choosing the wrong tax-service provider could result in audit fraud cases if the person is dishonest, and levies or wage garnishments if the person does a poor job at preparing accurate … [Read more...] about Dallas man pleads guilty to tax fraud charges
Texas law lets senior citizens defer property tax
Older residents of Dallas, Texas, may be looking for ways to make ends meet or stretch each dollar, and saving on taxes is one thing many residents might take advantage of. One politician in a nearby town sent mailers to 8,500 senior citizens stating that Texas law lets them avoid paying property … [Read more...] about Texas law lets senior citizens defer property tax
Federal deadlines a moot point for some Dallas tax papers
Tax season has come and gone, but that doesn't mean everyone's completed their federal filings. For many, the filing of accurate returns continues to be a struggle after April 15. Some are still working to collect the necessary information. In those cases, filing an appropriate extension request … [Read more...] about Federal deadlines a moot point for some Dallas tax papers
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