Texas Tax Advice: Tips To Save Tax Money

WilliamsIRS Problem ResolutionLeave a Comment

DFW Tax Prep: Top Ten Tax Tips For 2018 To Help Your Small Business

A major tax bill has been passed. In the years ahead many Americans will be paying more than before, while many others will pay less. People in both camps will still want to minimize any sums they pay, so here are some tax tips to help many taxpayers lower their bills.Note that many of these actions can be taken throughout … Read More

Six New 2015 Tax Breaks

Distillery CreativeTax Planning and Preparation, UncategorizedLeave a Comment

DFW Business Advisor: Who Should Prepare Your Taxes This Year?

The Protecting Americans from Tax Hikes Act of 2015 is a long-awaited legislation which offers a slate of personal and business tax breaks that had expired at the end of 2014. Here’s a quick summary of how the resurrected breaks can affect your 2015 federal income tax return (Form 1040). Option to deduct state and local sales taxes instead of … Read More

Is Forgiven Debt Taxable?

Distillery CreativeTax Planning and Preparation, UncategorizedLeave a Comment

Flower Mound CPAs Williams and Kunkel - Tax Accountants

Generally, debt that is forgiven by a lender is considered taxable income by the IRS and must be included as income on your tax return. Examples include a debt for which you are personally liable such as mortgage debt, credit card debt, and sometimes, student loan debt. When that debt is forgiven, negotiated down (when you pay less than you … Read More

Missed the April 15 tax deadline?

Distillery CreativeIRS Problem Resolution, Small Business Accounting, Tax Planning and Preparation, UncategorizedLeave a Comment

Accountability - DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

Pay IRS now if you still owe taxes If you still owe taxes and missed the April 15 deadline for filing and payment, you could be incurring interest and late penalties as you read this. File and pay the IRS pronto! If you file your federal tax return late and owe taxes with the return, these two main penalties could … Read More