Wildfires ripped through parts of Texas in late August, indiscriminately destroying homes and businesses. Those who were affected by the disaster likely have much to do to recover. The Internal Revenue Service recognizes this and is enacting tax relief for those who live in certain Texas counties — Bastrop, Colorado, […]
Category: IRS
A recent warning from the IRS is prompting taxpayers to voluntarily admit if they’ve been hiding income in a foreign bank. According to a news report in the Laredo Sun in Texas, new reporting requirements concerning foreign accounts will become a part of tax law over the course of the […]