Will a Tax Lien or Other Unpaid Tax Debt Prevent Me from Buying a House? When you apply for a mortgage, one of the first things the lender will do is run a credit check. If you have income or other tax arrearages, they will most likely appear on … [Read more...]
Do You Have to Pay Inheritance Taxes on an Estate in Texas?
The Tax Consequences When a Loved One Dies in Texas If you've been named as the executor, administrator or personal representative of the estate of a loved one, there are a number of steps you'll need to take to settle their estate. One of those … [Read more...]
IRS Tax Collection Problems
Everyone has heard the old cliché, “There are two things in life we all must do – pay taxes and die.” Not paying taxes can have dire consequences. Just look what happened to the notorious gangster, Al Capone. He was prosecuted for filing false income … [Read more...]
Understanding IRS Penalties
April 15 is the deadline to file your 2018 federal income tax returns or request an extension to file. As that date rapidly approaches, you might be asking, "What can the IRS do to me if I do not file my return or request an extension?" Or "What … [Read more...]
Understanding IRS Penalties
April 15 is the deadline to file your 2018 federal income tax returns or request an extension to file. As that date rapidly approaches, you might be asking, “What can the IRS do to me if I do not file my return or request an extension?” Or “What … [Read more...]
The 2018 Federal Tax Law Changes You Need to Know
Last year, President Trump signed a new tax-reform bill into law. This new law can have a substantial impact on individual taxpayers starting with the tax year 2018, for which returns are due to be filed by April 15, 2019. Some of the provisions that … [Read more...]
The 2018 Federal Tax Law Changes You Need to Know
Last year, President Trump signed a new tax-reform bill into law. This new law can have a substantial impact on individual taxpayers starting with the tax year 2018, for which returns are due to be filed by April 15, 2019. Some of the provisions that … [Read more...]
Partial Government Shutdown as it Affects IRS
The recent partial government shutdown has affected 800,000 government employees. As we enter the tax filing season, many wonder if the IRS is affected and if so, how? The short answer is: The IRS & taxpayers are both affected. The most … [Read more...]
