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The Latest

  • Tax deduction tips for hobbies
    Five tax tips for hobbies that bring in income
    Numerous people have hobbies that they enjoy doing. However, if your hobby brings in a source of income it must be reported when you file your taxes. Furthermore, the way that you report this income is different from the way you report income from...
  • New Obamacare tax angers Americans
    Giant new Obamacare tax to hit Americans with more massive increases scheduled
    Americans, even those not covered by Obamacare, will be seeing a new and increasing tax to pay for “affordable health care” beginning in September.This Affordable Care Act tax will cost citizens $8 billion the first year, with...
  • Donald Trump 'trumps' his rivals, Democrat and Republican
    Donald Trump 'trumps' Democrat and Republican rivals amid stock crisis
    According to David Webb, early on Monday's FOX News, Hillary Clinton got a breather over the weekend because all media focus was riveted on Donald Trump. The panel was reacting to what they considered to be the rule with Trump, not the...
  • The best and worst states for small business
    Survey affirms Texas is best for small business
    Houston-area entrepreneurs and small business owners already know this, but the study released today, August 18, 2015 by Thumbtack.com confirms it: Texas is the top state for small business and entrepreneurship, and Houston makes the top ten...
  • IRS Tax Code
    Tax School Starts this September
    Become a tax expert and learn a new career at Liberty TaxThe federal tax code contains more than 70,000 pages and nearly four million words. There have been nearly 5,000 changes in the past decade alone. In short, tax filing can daunt the most...
  • FBAR Penalty Appeals
    FBAR Penalty Appeals: What you need to know
    U.S citizens who have a financial interest in one or more foreign financial accounts must submit a report to the U.S treasury by electronically filing “Report of Foreign Bank and Financial Accounts (FBAR)”, when the aggregate value of...
  • Vista Rep Issa says removing Koskinen at IRS will help restore trust
    Vista Rep Issa says removing Koskinen at IRS will help restore trust
    Calling for the ousting of IRS Commissioner John Koskinen, Vista Congressman Darrell Issa also had much to say in his August press release regarding fellow colleagues attempting to explain away "indefensible actions" after the release of...
  • Records
    Which Tax Records Should I Keep?
    Covers which tax records can be thrown and which tax records should be kept. Keep copies of all tax returns.Concerned as to the amount of time you should keep your personal income tax records? Sometimes, taxpayers need to present these documents...
  • Katie Couric
    Top money fears for women
    Scratch the surface, and we all have fears about money. Fear is our most powerful emotion...it can motivate and it can paralyze. What good can fear bring? Think of the child who learns to be afraid of a hot stove by accidentally touching one. We...
  • Stacks of paper
    Lawyers, paper, and the IRS: Knowing your OVDP limits
    I’ve always found one aspect of weight training to be particularly interesting: the weights. Let’s use bench pressing – one of the most common weight-room exercises – to illustrate our point. Let's say that someone can...
  • For Sale
    5 Things to Know Before Selling Your Home
    Selling a Home Can Have Hidden Tax Implications: 5 things homeowners need to know The good news is, the housing market is booming in Southeast Texas. Summer is always a busy time for buying and selling residential property. The bad news is, many...
  • T-Rex
    Voluntary Compliance in the 21st Century: The IRS and you
    Since the rise of the IRS’s OVDP/OVDI (Offshore Voluntary Disclosure Program/Initiative) in 2009, the words “voluntary” and “compliance” have found themselves being used more now than perhaps ever before. Dealing with...
  • Hornet's Nest
    Your mother, the golden rule, and the IRS
    Being a tax attorney often has you toeing the fine line between fighting and politely working with the IRS. Whenever I think about how ridiculous that really is, I have to laugh. After all, you’re supposed to keep your friends close and your...
  • Tortoise
    Ripping off the Band-Aid: Deal with the IRS on your terms
    I start off quite a few of my articles with some sentiment about the IRS being a frightening entity. I do that for two reasons: one, it helps people know that they’re not alone. When the IRS comes knocking, it’s perfectly normal to...
  • Top 10 tips about tax breaks for the military
    Top 10 tips about tax breaks for the military
    If you happen to be in the U. S. Armed Forces, unique income tax breaks could possibly affect you. For instance, certain kinds of earnings are not taxed.Specific rules relate to deductions or credits which you can claim to minimize your taxes. In...
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