There's a reason that business owners and individuals in Texas and across the country dread the prospect of an Internal Revenue Service audit. The power of the IRS is impressive --and possibly frightening, depending on your situation. A case in another state illustrates the fact that even cities are … [Read more...] about Effective tax administration: Even cities aren’t immune to audits
Weekend-long state tax change saves consumers money
Residents across Texas may be excited to hear that the annual state sales tax holiday will be returning in 2014. It's not often that tax news comes with the opportunity for savings, which makes the weekend-long state tax change a bit of positive financial news for many families. As with previous … [Read more...] about Weekend-long state tax change saves consumers money
Could stock sales be part of estate tax planning?
Estate taxes come from various levels, and only relatively large estate holders usually have to worry about federal estate taxes. For one set of heirs, changes in stock pricing between the death of a billionaire and the date of estate valuation could mean huge savings on estate taxes. Sales of the … [Read more...] about Could stock sales be part of estate tax planning?
April 15 isn’t the only IRS deadlines for Texas residents
For many individuals and businesses in Texas, April 15 is the big day for federal tax matters. Not getting returns and payments in by mid April can result in penalties and interest, which is something everyone wants to avoid. Tax matters are a year-round concern, despite the importance placed on … [Read more...] about April 15 isn’t the only IRS deadlines for Texas residents
Texas residents should know their rights when it comes to taxes
Millions of people across the country will be receiving an extra document from the Internal Revenue Service this year when they receive notices about collections or audits. According to the IRS, it will be issuing taxpayers a document called the "Taxpayer's Bill of Rights." The document lays out … [Read more...] about Texas residents should know their rights when it comes to taxes
Paying tax agencies means return for Texans, says report
Businesses and individuals often attempt to get out of paying taxes through any legal means. Sometimes, what organizations believe are legal means actually tread on gray areas, resulting in run ins with tax law. For Texans, paying some taxes brings a high level of return on investment, says a new … [Read more...] about Paying tax agencies means return for Texans, says report