Business owners and residents of Dallas, Texas, are usually careful to follow all relevant tax laws. Failure to do so can result in steep penalties and interest, which can lead to businesses closing or individuals drowning in debt. For one man, a meeting with the Internal Revenue Service to discuss … [Read more...] about Man awarded $862,000 in injury lawsuit against IRS
According to a national taxpayer advocate, the Affordable Care Act could have some impact to income tax, and many individuals aren't aware of the changes. Keeping up with tax laws can be difficult, but individuals purchasing health insurance through the new exchanges need to understand the subsidies … [Read more...] about What does the Affordable Care Act mean for Texas income taxes?
Not all delinquent taxes are related to the Internal Revenue Service. Businesses and individuals have a responsibility to report assets and pay taxes to state and local jurisdictions. The filing of accurate returns at all levels is one way to ensure tax compliance. For a Dallas business operating in … [Read more...] about Dallas business pays over $5 million in delinquent property tax
Today, money comes in all types and formats. From electronic transfers to traditional green, money and payments can be complex and tedious to track. Failure to keep track of all your assets and file appropriate tax documents can result in tax-related problems, including levies, liens and wage … [Read more...] about Don’t let bitcoin be the downfall during your tax audit
Owning a home is a big financial responsibility, since you have to pay for the mortgage, upkeep, taxes and other expenses. For some homeowners, the financial burden might get larger this year because the Mortgage Debt Forgiveness Act was allowed to expire at the end of 2013. Texas homeowners might … [Read more...] about Tax law might affect Texas homeowners with underwater mortgages