Skip to Content

Dealing with the IRS about tax debt: know your options

If you owe money to the IRS, you know you are up against a formidable adversary. IRS tax liens and other collection mechanisms can target your property and bank accounts, leaving you with fewer and fewer options. That is why, for taxpayers in Texas and across the country who are […]

IRS

Texas Not a State of Nirvana for Business Taxes

Nirvana is a Buddhist term for the state of consciousness that transcends desire and suffering. More figuratively, it is a blissful state of freedom from cares and concerns – a state, however, that may always remain just out of reach. By the second definition, no American state is a tax […]

Audits

The IRS and access to taxpayer e-mail

Is the IRS reading your e-mail? The IRS says it is not. Yesterday the acting commissioner of the IRS denied allegations that his agency gains access to taxpayers’ e-mail messages without obtaining search warrants. In Texas and throughout the nation, taxpayers are naturally concerned about the IRS gaining too much […]

Tax Crimes

Chances of Tax Audit Rise With Income

In a nation based on the values of liberty and equality, someone’s income level shouldn’t really affect their chances of an IRS tax audit. After all, equality before the law is such a key value for us as Americans. You’d think, then, that it shouldn’t matter whether you are rich, […]

Audits

Tax Audit Avoidance Tip: Seek Precision Where Possible

Precision is important in any complicated activity. But the transaction costs involved in spending the time to dot every i and cross every t can be significant too. When it comes to adding up expenses for itemized deductions on a federal tax return, is it really necessary to calculate every […]

Audits