It's unlikely that any adult in Texas can't tell you when federal income tax forms are due: April 15 is a date that is etched on the minds of most workers and business owners. But what happens if you fail to file a return by the appropriate date? According to the Internal Revenue Service, delinquent … [Read more...] about What happens when a Texas resident is late with federal returns?
From small to large, all Texas business owners must pay attention to payroll taxes. Payroll taxes refer to the amount business owners withhold from worker checks for federal taxes, Medicare and Social Security, as well as the employer's portion of those taxes. Employers must turn those funds over to … [Read more...] about The power of the IRS makes payroll tax issues serious
Estate tax planning is not a task left only to the wealthy. Many people in Texas, including regular families, can benefit from planning for end of life. Planning ahead lets you record your wishes about a number of matters, including end-of-life care and the disbursement of any assets. It also lets … [Read more...] about The impact of life insurance on estate tax planning
Texas residents who are expecting federal tax refund probably don't want to wait longer than required before receiving money. While filing early can help ensure a tax refund is received sooner, there are some instances where tax refunds can be held up for weeks or even months. Filing later also puts … [Read more...] about When can Texas residents expect tax refunds?
It's frightening to owe a debt to the Internal Revenue Service, and many Texas residents may not react as they normally would when faced with a sudden call from the IRS. Since the IRS doesn't make cold phone calls regarding tax debt or other issues, such phone calls are likely part of a … [Read more...] about IRS says phone scams are common
As each year rolls into the next, many Texas residents and business owners begin planning, organizing and setting goals. While you consider financial goals and actions for 2015, it may be helpful to keep some new tax law changes in mind. In 2015, the Internal Revenue Service provides for higher … [Read more...] about New Year tax law changes