Frisco TX – What Does it Mean to be in Tax Compliance and Why It’s Critical to Taxpayers

When taxpayer’s come into our Richardson, TX tax office, one of the biggest challenges I often have is getting them into tax compliance.  Today, we’ll discuss what Tax Compliance means to the IRS and why it’s critical to effectively resolving your tax debt.  ...

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...

10 Hot Business Trends for 2020

As we welcome in a new year (and maybe a new decade depending on how you count them), it’s a perfect time to reflect on the trends that will impact us and our businesses. Here’s a list for your consideration and reflection. Trend #1: Sustainability Concern for the...