The Internal Revenue Service holds spouses responsible for each other's tax payments when they submit joint tax returns, a rule that is not necessarily absolved when such filers end their marriages. In some cases, however, Texas divorcees may be able to successfully request partial relief, … [Read more...] about Innocent spouse relief and divorce in Texas
IRS withdraws legal action against family business
The Internal Revenue Service has recently been wracked with scandals, inefficiency and claims of incompetence, with the agency recently coming under fire for seizing assets from a small grocery store operated by the same family for over three decades. However, the IRS recently filed to voluntarily … [Read more...] about IRS withdraws legal action against family business
IRS official calls for better small business audits
A commissioner with the Internal Revenue Service said the federal agency needs to improve the way it approaches audits for small businesses. The commissioner told a crowd at a conference held by the Institute of Certified Public Accounts that the IRS needs to more carefully select each small … [Read more...] about IRS official calls for better small business audits
Race car driver audited for alleged tax missteps
It is the phrase that no Texas resident wants to hear: "You are being audited." Audits can prove taxing not only on residents' finances, but also on their emotional health. In some cases, the Internal Revenue Service even requires individuals to pay overdue taxes through wage garnishments and … [Read more...] about Race car driver audited for alleged tax missteps
Tax filing season delayed due to government shutdown
Although the recent government shutdown negatively impacted many businesses and individuals, Texas taxpayers and everyone else will still have to file on time, or face the usual penalties and interest. For the second time in as many years, the Internal Revenue Service (IRS) will begin accepting … [Read more...] about Tax filing season delayed due to government shutdown
Rihanna blames accountants for IRS audit
Pop artist Rihanna is reportedly ready to settle a lawsuit she brought against her former accountants, but a federal judge recently announced that she must appear before a court mediator in person to do so. The popular singer sued accounting business Berdon LLP for allegedly mismanaging her money. … [Read more...] about Rihanna blames accountants for IRS audit