When you're young, you feel invincible. You take risks, eat whatever you want, and have your entire future ahead of you. The world is your oyster and you are the pearl. As you head into adulthood and start taking inventory of your life, you may notice that it's not just you that has to depend on … [Read more...] about 5 Common Mistakes Made in Estate Planning
What happens when Texas taxes are delinquent?
Failure to file a required tax return or pay taxes owed in the state of Texas can result in serious consequences, including liens and criminal charges. Before such measures, however, there are usually a variety of procedures and things a person or business can do to help improve the … [Read more...] about What happens when Texas taxes are delinquent?
Texas law change could impact politically active nonprofits
The Texas legislature is currently considering regulation of so-called dark money, and those regulations could change how nonprofits with political agendas or interests do business. According to reports, the regulation may be approved by the Texas Ethics Commission by the end of the year. The … [Read more...] about Texas law change could impact politically active nonprofits
Scams using power of the IRS are still prevalent and spreading
A letter or phone call from the Internal Revenue Service is one thing that brings an immediate blood-pressure jolt to almost any business owner or individual in Texas. Though IRS issues such as audits or collection activities are very serious matters, it is important to ensure you are actually … [Read more...] about Scams using power of the IRS are still prevalent and spreading
Some Texas farmers may need to worry about estate tax planning
Individuals who live in Texas don't face a state-levied estate tax, but that doesn't mean that estate transactions are without tax burdens. This is especially true for estates that are valued at high dollar amounts. This includes farms. The current exemption on estate taxes at the federal level … [Read more...] about Some Texas farmers may need to worry about estate tax planning
Internet tax law: Could your bandwidth increase your tax burden?
Many Texas residents and business owners may not realize that internet taxation is a possibility. That's because during the past 16 years, Congress has banned an Internet access tax temporarily on three separate occasions. The tax law repeatedly came up for a vote, though, so there was a chance the … [Read more...] about Internet tax law: Could your bandwidth increase your tax burden?