A recent report from the Treasury Inspector General for Tax Administration reveals that approximately 30 percent of all IRS-conducted seizures of taxpayer property are effectively illegal, claiming the federal tax agency regularly ignores or circumvents legal protections designed to prevent such … [Read more...] about Significant portion of IRS seizures illegal, report finds
Texas congressional representative sponsors estate tax repeal
A Republican representative from Texas and another senior GOP senator have introduced bills that would permanently repeal the federal estate tax, legislation that closely mirrors measures the pair raised when Congress was last in session. The effort to eliminate the estate tax has drawn support from … [Read more...] about Texas congressional representative sponsors estate tax repeal
Republicans blast IRS over targeting scandal
A number of prominent Republican leaders continue to criticize the Internal Revenue Service for an alleged bias against conservative groups that applied for tax-exempt status, with some arguing the tax agency intentionally colluded with the Obama administration in order to suppress the Tea Party … [Read more...] about Republicans blast IRS over targeting scandal
Dealing with an letter from the IRS
Texas residents who have received notices from the Internal Revenue Service in the past know how stressful such correspondences can be. In some cases, a letter from the IRS might be notifying you that the federal tax agency found your return to contain inaccurate or misleading information and has … [Read more...] about Dealing with an letter from the IRS
Tax law changes necessitate new estate planning tactics
The recent passage of Obamacare and the 2012 tax law changes have drastically altered the estate plans for thousands of taxpayers. Many Texas residents now find it necessary to revisit their estate plans with a qualified tax law attorney to ensure the best possible outcome. While the new changes put … [Read more...] about Tax law changes necessitate new estate planning tactics
IRS may be probing more than just conservative groups
The Internal Revenue Service has recently come under fire following accusations the federal tax agency wrongfully targeted the Tea Party and other prominent conservative groups for tax audits. Now, other reports are suggesting the IRS is actually scrutinizing the tax returns of a wide variety of … [Read more...] about IRS may be probing more than just conservative groups