Though the idea of paying taxes is one that can cause much grumbling among Texas residents, not paying could cause serious issues. If the Internal Revenue Service suspects a person of intentionally avoiding the payment of taxes, it is possible for an investigation to begin and possible criminal charges to […]
Author: Lawrence Brown
The new year is here, and while many Texas residents undoubtedly hope that it is a better year than last, there are still certain unavoidable obligations to address. In particular, it is time to think about taxes. Whether individuals choose to file early or wait until closer to the final […]
Many Texas residents feel a sense of relief once they have their tax return filed. However, they may feel a pit in their stomach if they receive a notice that their return has been rejected. While this can happen for various reasons, including due to simple mistakes, it may be […]
Many individuals who live in Texas and other parts of the United States choose to use offshore or foreign bank accounts, and they face certain obligations under the law when it comes to reporting taxes. The Foreign Account Tax Compliance Act requires that U.S. taxpayers report their financial holdings that exist outside […]
When the Internal Revenue Service suspects issues with tax returns, that suspicion can sometimes lead to more than just an audit. In some cases, the IRS may believe that a person attempted to commit tax fraud, and criminal charges could result if the agency believes there is evidence of such […]
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 tax preparer mistake involving […]
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 owners of such accounts try to hide them from […]
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 allegations. Unfortunately, these types of cases can […]
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 corporate officer here in Texas or anywhere else […]