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
Estate tax planning and other issues complex for farmers
Families in the agriculture business in Texas may run into problems when it comes time to pass the estate on to another. Though estate tax planning woes have been somewhat reduced by the fact that $5.3 million worth of property can change hands without estate taxes, one expert says that growing … [Read more...] about Estate tax planning and other issues complex for farmers
Get tax relief before it becomes a problem; avoid an audit
One of the most stressful financial situations a person can go through is dealing with the Internal Revenue Service. Whether you're facing liens and wage garnishments or about to enter a collection due process hearing, the IRS can be intimidating. Having someone on your side to assist in … [Read more...] about Get tax relief before it becomes a problem; avoid an audit
Man awarded $862,000 in injury lawsuit against IRS
Business owners and residents of Dallas, Texas, are usually careful to follow all relevant tax laws. Failure to do so can result in steep penalties and interest, which can lead to businesses closing or individuals drowning in debt. For one man, a meeting with the Internal Revenue Service to discuss … [Read more...] about Man awarded $862,000 in injury lawsuit against IRS
What does the Affordable Care Act mean for Texas income taxes?
According to a national taxpayer advocate, the Affordable Care Act could have some impact to income tax, and many individuals aren't aware of the changes. Keeping up with tax laws can be difficult, but individuals purchasing health insurance through the new exchanges need to understand the subsidies … [Read more...] about What does the Affordable Care Act mean for Texas income taxes?
Dallas business pays over $5 million in delinquent property tax
Not all delinquent taxes are related to the Internal Revenue Service. Businesses and individuals have a responsibility to report assets and pay taxes to state and local jurisdictions. The filing of accurate returns at all levels is one way to ensure tax compliance. For a Dallas business operating in … [Read more...] about Dallas business pays over $5 million in delinquent property tax