When an individual owes money to the Internal Revenue Service, it can be frightening to consider the things the agency may do to collect the money. In some cases, the individual is even disputing the owed taxes while living in fear that bank accounts will be drained or pay checks taken. Though the … [Read more...] about Can the IRS take your entire paycheck for back taxes?
Tax delinquency is a problem that can be solved
Texas residents who fall behind on state or federal taxes may think their tax problems are unresolvable. The IRS and other tax agencies can be frightening when it comes to collections, sending strongly worded notices and threats to seize accounts or property. Thought delinquency is a serious issue, … [Read more...] about Tax delinquency is a problem that can be solved
Texas growth may spark state tax law changes
Texas enjoyed an 8 percent revenue growth in the first half of 2014, which is almost double the national average. While growth is good for the state, it also puts resource requirements on state funded programs such as health and education. According to a senior economist with the Dallas Fed, those … [Read more...] about Texas growth may spark state tax law changes
Most Texans don’t have to worry about state inheritance tax
While you're likely familiar with the saying about death and taxes, taxes are the last thing any grieving family wants to worry about. Estate tax planning helps put documents and financials in place to remove the stress of tax issues at the time of death, but for many families in Texas, neither … [Read more...] about Most Texans don’t have to worry about state inheritance tax
Don’t face the power of the IRS alone
Both the American and the Texan spirit is traditionally lauded for individuality and a can-do attitude. Facing the power of the IRSwith a DIY plan isn't always the best idea, however, especially if you've already received notice of tax liens or late payments. It may seem straightforward to … [Read more...] about Don’t face the power of the IRS alone
What are my rights during a federal tax audit?
Across Texas and other states, individuals and businesses face tax audits each year. Facing an audit, and the possibly resulting levies or other collection activity, can be frightening. Despite the power of the Internal Revenue Service, taxpayers have rights when it comes to an audit. In fact, a … [Read more...] about What are my rights during a federal tax audit?