Each year, a certain number of people across the country, including here in Fort Worth, do not receive their portion of an income tax refund because their spouses owe back child support. Under these circumstances, they may file for innocent spouse relief in order to get their part back. Now, […]
One of the IRS’s functions is to make sure that people who owe money to the government pay it. When information arises that someone may not have been paying his or her taxes as required, the agency can open an investigation. When the IRS suspects criminal tax fraud by a […]
If you own a business with employees here in Texas, how you treat your workers for pay and tax purposes makes a difference to the IRS. You may be wondering why it matters to the agency since it is ordinarily the Department of Labor that addresses issues regarding employee classification. […]
With everything going on here in Texas and across the country right now, stress levels are at an all-time high. Now that July 15 has come and gone, you may feel as though some of that stress is relieved, at least for now. Another tax season has ended, and you may […]
As the saying goes, “to err is human.” This statement applies to a variety of situations, including preparing taxes. Every year, taxpayers here in Texas and across the country make mistakes that could put them under suspicion by the IRS for criminal tax fraud. The best way to avoid such allegations is […]
Some Texas residents fail to meet the IRS’s yearly deadline. Instead of filing an extension, they simply forgo filing their tax returns. This may be due to a fear of the amount owed, the inability to pay any balanced owed or a lack of the proper documentation needed in order […]
Happy Tax Day! If that statement caused heart palpitations and frustration because you forgot to file and pay your tax obligations, take a deep breath and know that you are not alone. It is not uncommon for taxpayers to miss the tax deadline, add in the confusion that was running […]
The Internal Revenue Service (IRS) made some changes to reflect the impact of the current coronavirus pandemic. One example is the extended tax deadline. Instead of expecting taxpayers to file their taxes in April, the agency pushed the deadline back. At the time of this post, the deadline remained set […]
The Department of Justice (DOJ) recently accused a Texas family of running an elaborate and illegal gambling business. They claim the family would funnel the money used for to run the gambling business through two legitimate businesses: the family car dealership and a holding company for the family car dealership. […]
The Internal Revenue Service (IRS) may have a new focus during its next set of audits: the wealthy. The agency recently announced an initiative that focuses on taxpayers with high wealth. Who will the IRS focus on during these audits? It appears the agency will focus on a specific group […]