If you have a big tax bill that you can’t pay, life seems pretty bleak. While the number of tax liens annually filed by the IRS against taxpayers has dropped by more than 50 percent since 2010, there were more than 14 million open tax-debt cases against individuals and businesses heading into 2018, according to the IRS data book. Despite … Read More
Flower Mound Tax Help: Freelancer Tax Tips
With the changes made by the Tax Cuts and Jobs Act not well understood by many Americans, taxes can be confusing enough for employees. Being a freelancer or independent contractor adds another layer of complication. For example, did you know there are three additional types of retirement accounts available to self-employed individuals that are not accessible to employees? Max out … Read More
Flower Mound Tax Help: Smart Ways To Invest Tax Savings
1. PAY OFF HIGH-INTEREST DEBT Has a high-interest credit card balance been hard to pay off? Instead of buying a vacation with your refund, tackle that debt instead. Start with debts with the highest interest rates; eliminating these will save you the most money over time. If you don’t have any credit card debt, use your refund to reduce car … Read More
Dallas CPAs: Bringing Joy To Tax Time
Few things bring a business owner’s blood pressure up like the thought of tax time. Between the receipts to go through, the surprise of what they will owe, and the hours it takes to gather annual income information, it’s just not a fun prospect for most business owners. But as aCPA, I know it doesn’t have to be like that. … Read More
DFW Tax Advice: Why You Might Not Get a Refund This Year
Tax season is here. If you’re like many people, you may look forward to receiving a sizable income tax refund each year. You might even have plans for how you’ll spend the money before the refund ever shows up. Unfortunately, for some taxpayers, the refund they anticipate will never arrive. Just because you received a refund last year (or even … Read More
Flower Mound CPA: Where’s My Refund?
Early February is one of the busiest times for people doing their taxes. Are you someone who can’t wait to get your hands on your refund? Well, we can tell you how soon you will probably get that refund. The tax reform law officially kicked in on January 1, 2018. The taxes you file from January through April 15, 2019 … Read More
Last Minute Tax Expert Advice To Help This Year
With the tax filing deadline soon, many people are already scrambling to gather their paperwork and get their returns in before it’s too late. Here are some last minute tax expert advice for those of you filing your taxes. This tax expert advice from a certified public accountant can reduce what you owe the IRS and put more cash in … Read More