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Plano TX – Owe the IRS? You May Have Passports Problems!

When taxpayer’s have IRS Debt, the IRS has a number of tools to use to collect the debt.  Those include levies, liens, and can also include revoking the taxpayer’s passport.  For some taxpayers, this is not a major threat.  For others, there can be a substantial...

Richardson TX – Starting a New Business? Tips Every New Business Should Follow.

Starting a business is exciting and nerve-wracking all at the same time. Our Tax firm is in Richardson, TX, and every day, there are hundreds of new businesses being formed in the DFW area. The process of starting a new business can be intimidating and the “to do”...

Plano TX – Safe Harbor For QBI Deductions for Rental Real Estate

Taxpayers involved in Real Estate are the largest group of tax clients for my Richardson, TX tax firm. Did you know that Landlords who spend at least 250 hours a year managing and maintaining their rental properties may be eligible for the Qualified Business Income...

Frisco TX – When a Taxpayer does not file income Taxes – The IRS SFR (Substitute for Return)

We sometimes have taxpayers who come into our Richardson, TX tax office who have not filed a tax return for all years or many years and who are confused when the IRS is attempting to collect tax from them in a year that they know they never filed.       How Does This...

Plano TX – Most Recent Changes to Tax Law for 2019

On Friday, the President signed into law the Further Consolidated Appropriations Act, 2020. In addition to preventing a government shutdown, the Act included many tax provisions that often impact clients of our Richardson, TX tax office as well as other taxpayers...

Frisco TX – Do the Changes Enacted in the Taxpayer’s First Act of 2019 Help You?

Have you heard of the Taxpayer’s First Act, that was passed by Congress on July 1st, 2019? Most of my clients in our Richardson, TX tax office haven’t, but there were some changes made in the Act that benefit taxpayers, and might be worth learning about.   What Is The...