No matter the value of assets you own at the end of life, you may want to protect that legacy for your heirs. Some individuals in Dallas, Texas, may also want to make an ongoing impact on the community through charitable donations. Estate tax planning lets you accomplish both goals if you understand … [Read more...] about Giving to charities can be a form of assett protection
2013 tax law changes that could impact Dallas tax payers
In any given year, there are likely to be federal or state tax law changes that could impact residents or businesses in Dallas, Texas. Five changes in tax law in 2013 could come into play for business and residents during the 2014 tax season. The IRS will begin recognizing same-sex marriages for … [Read more...] about 2013 tax law changes that could impact Dallas tax payers
Effective tax administration: what sparks sales tax audits
Businesses in Dallas, Texas, have a number of tax concerns, and for those in retail or service industries, sales tax is one of those concerns. Failure to make sales tax payment or mistakes in calculating sales tax owed can result in audits and tax bills that are increased due to interest or … [Read more...] about Effective tax administration: what sparks sales tax audits
Audits reveal IRS execs owe back taxes, no penalties and interest
Keeping up with tax laws and requirements is a challenge for residents and businesses in Dallas, Texas, and throughout the country. Many residents may not be aware of what is called Long Term Taxable Travel, or LTTT. This tax comes into play when someone travels to and from a principle work location … [Read more...] about Audits reveal IRS execs owe back taxes, no penalties and interest
Estate tax planning and other issues complex for farmers
Families in the agriculture business in Texas may run into problems when it comes time to pass the estate on to another. Though estate tax planning woes have been somewhat reduced by the fact that $5.3 million worth of property can change hands without estate taxes, one expert says that growing … [Read more...] about Estate tax planning and other issues complex for farmers
Get tax relief before it becomes a problem; avoid an audit
One of the most stressful financial situations a person can go through is dealing with the Internal Revenue Service. Whether you're facing liens and wage garnishments or about to enter a collection due process hearing, the IRS can be intimidating. Having someone on your side to assist in … [Read more...] about Get tax relief before it becomes a problem; avoid an audit