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...

Plano TX – 7 Tax Strategies to Maximum Student Financial Aid

Many of our clients in our Richardson, TX tax office are families with children in college or have children who may be attending college in the future and are planning for that cost. What’s on your tax return plays a big role in determining how much financial aid a...

Frisco TX – IRS Acronyms – RSED, CSED and ASED. What do they actually mean?

When dealing with the IRS, Taxpayer’s who come into our Richardson, TX tax office, often run into IRS jargon that makes no sense to them. They also run into these acronyms when reading and/or listening to our blogs and videos as well as others. Today, we’re going to...

Plano TX – Selling Your Home? Find Out If You’ll Owe Tax on the Sale!

Each year, clients either come into our Richardson, TX tax office and ask if they need to pay taxes on the sale of their residence, call concerned about taxation on the Sale of their personal residence, or make an assumption that income on the Sale of a personal...

Frisco TX – Audit Reconsideration vs a Doubt as to Liability OIC – Which is best when the IRS incorrectly assesses Income Tax

When taxpayer’s come into our Richardson, TX tax office with what they believe is an erroneous tax assessment by the IRS, two options that we commonly use to challenge the underlying tax are Audit Reconsideration and a Doubt-as-to-Liability Offer-In-Compromise.  There...

Frisco TX – When to Contact the IRS Taxpayers Advocates Service

The Taxpayer Advocate Service (TAS) is and independent organization within the IRS that was set up for the purpose to act as a voice for taxpayers.   While the existence of the TAS is not known by most taxpayers, it can be effective means of helping both businesses...