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The Cost to Hire a Tax Attorney

A friend of mine had a new house built a few years ago. We always seem to be in the midst of some kind of remodeling project, so I had asked him about his selection of appliances, cabinets, carpet, fixtures and windows. I was a bit surprised by his response.  He said he was not…Continue readingThe Cost to Hire a Tax Attorney

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Undelivered Mail from The IRS Can Mean No Taxes Are Due

It is unnerving getting mail from the IRS. For taxpayers who know they have tax problems, it can be tempting to simply ignore the mail with the hope that the IRS will simply go away. This is almost always a bad idea. But there are some very limited circumstances when not receiving IRS mail can…Continue readingUndelivered Mail from The IRS Can Mean No Taxes Are Due

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5 Reasons Why You Should Resolve Your IRS Debt Today

1. Penalties continue to accrue Unpaid tax debts are subject to late payment penalties. The penalty is typically half of one percent of the amount of the unpaid tax. This may not sound significant given the low rate, but it adds up. The penalty is computed each month or part of a month after the…Continue reading5 Reasons Why You Should Resolve Your IRS Debt Today

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Articles Houston Probate

Information to Locate for Probate

When someone dies, their heirs and other interested parties have to piece together the information needed to probate the estate.  There are a number of documents and information to locate, including information about: The original documents, including wills and trusts, birth certificate and Social Security card (for the decedent and children), marriage licenses and divorce decrees,…Continue…Continue readingInformation to Locate for Probate

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Articles Dallas Tax

List of Common IRS Notices for Businesses

The IRS collection notices and other tax notices on this page are commonly sent to business filers that use forms 941, 1065, and 1120 to file their federal tax return. Here is a listing of the most common IRS forms for businesses. CP 101 – Math Error, Balance Due on Form 940 The IRS sends CP 101…Continue…Continue readingList of Common IRS Notices for Businesses

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Answers for Common Small Business Tax Questions

Q: Is an S-Corporation required to pay quarterly estimated tax? Rarely does an S corporation make estimated tax payments. An S Corporation must make installment payments of estimated tax if the total of these taxes is $600 or more: The tax on built-in gains, The excess net passive income tax, and The investment recapture tax. Q:…Continue…Continue readingAnswers for Common Small Business Tax Questions

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Can a Minor Child Open a Bank Account in Texas?

There are times when a minor or child needs to open a checking or savings account.  This begs the question, can a child legally open a bank account?  Texas law addresses this. Minority Laws in Texas Generally In Texas, an individual is a minor if they are younger than 18 years of age. The law…Continue…Continue readingCan a Minor Child Open a Bank Account in Texas?

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Articles San Antonio Tax

List of Common IRS Notices for Individual Taxpayers

The IRS collection notices and other tax notices on this page are commonly sent to individual filers using forms 1040, 1040A, and 1040EZ to file their federal tax return. These are the most common IRS notices sent to individual taxpayers. CP 09 – Earned Income Credit You May Be Entitled To From IRS The IRS sends CP…Continue…Continue readingList of Common IRS Notices for Individual Taxpayers

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Articles Houston Probate

Example of Why a Will Needs to be Updated After Divorce

The Haga v. Thomas, No. 01–12–00218–CV (Tex. App.–Houston (1st Dist.) 2013) case provides an example of why wills need to be updated after divorce.  While Texas law provides a remedy for when a will names a former spouse as executor and beneficiary, as demonstrated in the court case, the remedy does not always apply. Facts and…Continue…Continue readingExample of Why a Will Needs to be Updated After Divorce

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Top 8 Grounds for Contesting a Will in Texas

Texas wills are frequently challenged in court.  This often happens when one or more heirs feels that there was some wrongdoing or error that caused them to receive less than their fair share.  There are a number of grounds for challenging a will in Texas.  Here are the top 8 grounds for challenging a Texas…Continue…Continue readingTop 8 Grounds for Contesting a Will in Texas