Getting audited by the IRS isn't extremely likely for most individuals and businesses with average incomes and organized reporting and filing policies. Effective tax administration and avoiding red flags on returns can save you a lot of trouble, but audits do happen. If you're a Texas business or … [Read more...] about 6 rules for dealing with IRS tax audits in Texas
Texas-based pension group cuts ties with company over tax woes
Tax troubles can be one of the most stressful, serious financial problems faced by individuals and businesses. Future plans can be derailed by a bank or wage levy, and penalties and interest can become impossible to manage, even when organizations are attempting to work issues out with the Internal … [Read more...] about Texas-based pension group cuts ties with company over tax woes
Dallas County reports preliminary 7 percent hike in property tax
Though many individuals and residents consider the first few months of the year, and April in particular, as tax-crunch time, taxes are a relevant concern at all times. Keeping good documents to facilitate the filing of accurate returns and keeping up with tax news that could impact you are just two … [Read more...] about Dallas County reports preliminary 7 percent hike in property tax
Renewable energy tax law fluctuates
Renewable energy tax credits that are credited with encouraging much of the wind turbine growth in Texas are being debated again by federal legislatures. In a flip-flop of federal tax law, the credits have long been a stop-and-go policy, which one politician says is bad for business. At a time … [Read more...] about Renewable energy tax law fluctuates
Legal battles may not excuse Texas businesses from tax payments
When state or local governments pass taxes on certain businesses or goods, and those taxes are challenged in courts, it may not mean businesses and individuals are exempt from paying in the meantime. A tax levied in 2007 against Texas strip clubs has been the subject of an ongoing court battle in … [Read more...] about Legal battles may not excuse Texas businesses from tax payments
Dallas man pleads guilty to tax fraud charges
Selecting an honest, ethical and capable professional to handle tax issues for you or your business is important. Choosing the wrong tax-service provider could result in audit fraud cases if the person is dishonest, and levies or wage garnishments if the person does a poor job at preparing accurate … [Read more...] about Dallas man pleads guilty to tax fraud charges