The American Taxpayer Relief Act of 2012 was passed in order to ease the financial burden federal taxes pose for U.S. citizens, but finding the best way to reduce the amount of taxes one pays can still be difficult. Many Texas taxpayers are likely preparing their financial documents and developing … [Read more...] about Common filing mistakes can lead to IRS audits
New tax estate rules raise questions for wealthy families
When Congress settled on a new set of generous estate tax regulations that benefit wealthy taxpayers far more than older rules, some Texas residents are unsure of how best to take advantage of the available perks. The new rules allows one to exclude millions of dollars from their estate taxes, but … [Read more...] about New tax estate rules raise questions for wealthy families
Texas tax firm charged with identity theft, tax fraud
Texas's Attorney General has filed criminal charges against a Texas-based tax services company, accusing the firm of wrongfully falsifying tax returns for a number of elderly individuals after illegally securing their personal data. The Attorney's General Office announced the alleged scam after … [Read more...] about Texas tax firm charged with identity theft, tax fraud
Employers: Be aware of new tax law after fiscal cliff change
Recently, legislators came through at the last minute, passing a comprehensive tax relief act just in time for the new year. The tax implications of the relief act were among the first issues addressed, with tax agencies like the Internal Revenue Service issuing new guidelines for … [Read more...] about Employers: Be aware of new tax law after fiscal cliff change
Tax tips for small businesses in the New Year
The New Year represents a fresh start at life and an opportunity to strive toward higher goals to many people. While small business owners in Texas may think that the beginning of another year has little bearing on their companies, the start of the New Year offers an excellent opportunity for such … [Read more...] about Tax tips for small businesses in the New Year
Fiscal cliff could affect millions of taxpayers
According to the acting commissioner of the Internal Revenue Service, millions of American taxpayers in Texas and other states could face problems if legislators are unable to resolve issues with the alternative minimum tax before the potential "fiscal cliff" as 2013 arrives. While the IRS … [Read more...] about Fiscal cliff could affect millions of taxpayers