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With the year coming to a close, many people in Texas and elsewhere are thinking about the coming tax season. Whether a person is just filing personal taxes or filing for a business he or she owns, it is not an easy process to handle, especially on one’s own. There...
Being a tax preparer in Texas and across the country is a complex occupation. The tax laws at the federal and state level are constantly changing, and each year preparers have new information to learn. As a result, even professionals could make mistakes. However, if a...
Commonly, people in Texas and across the country think that offshore banking implies something shady. However, offshore bank accounts can have various benefits, and it is not necessarily illegal or shady to have such accounts. However, problems typically arise if the...
Accusations of trying to pull the wool over the eyes of the U.S. government can come with potentially steep penalties. If individuals are accused of tax fraud, they could face lengthy court proceedings, during which they will undoubtedly try to defend against the...
Serving as a corporate officer comes with numerous responsibilities, but also comes with some perks. Unfortunately, someone serving in this capacity needs to be cautious not to inadvertently cross any lines that could draw the attention of the IRS. For instance, a...
There is nothing wrong with having a giving heart. In fact, some would say that more people need to give to charities that are struggling to meet demand on their services, especially during these uncertain times. One of the perks of charitable donations is that they...
During the formation of a Texas business, the owner or owners will have numerous decisions to make that will affect the business for at least the foreseeable future. For instance, decisions regarding taxes could have a significant impact on the future success of the...
Like other Texas business owners, you will need to decide which way to go when it comes to the individuals who work for you. If you think hiring independent contractors would work best for your company, you may want to do some research before committing to it. The IRS...
Like other Americans, some people who live here in Fort Worth want to protect the wealth they have, especially now in these uncertain times. They may consider moving their money into offshore accounts, but before doing so, they may want to understand the tax...
It is an unfortunate truth that, in Texas and elsewhere, some people will take advantage of a situation when they can. This may not necessarily be a bad thing when it comes to some circumstances. However, when it involves taxpayers, returns and refunds, it can result...
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