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Plano TX – Are you aware that there are exceptions to Being Taxed on Cancelled Debt? Here’s a List of Them.

by | Jan 27, 2020 | Business Tips, Cancelled Debt and Taxes, CP2000 Notice, Dallas TX, Debt Forgiveness, Expense Reduction Tips, Form 1099C, Form 982, Frisco Tx, Garland TX, IRS Assessed Tax, IRS Notices, IRS Penalties, IRS Problems, Offer-In-Compromise, Plano TX, Real Estate Agents Tax Deductions, Richardson TX, Small Business Tax Tips, Tax, Tax Compliance, Tax Deductions, Tax Problems, Tax Relief

As I wrote a week ago, in general, if you borrow money and you are legally obligated to repay that debt at a future date, and if that debt is forgiven in full or in part, the cancelled debt becomes taxable income to you. I also discussed Amounts that could be excluded...

Richardson TX – Starting a New Business? Tips Every New Business Should Follow.

by | Jan 16, 2020 | Bob Jablonsky and Associates, Business Development, Business Growth, Business Tips, business trends, CDP Rights, CFO, Dallas TX, EIN, Frisco Tx, Garland TX, IRS Audit, IRS Collection, IRS Problems, Management Tips, Plano TX, profitability, Real Estate Agents Tax Deductions, Richardson TX, Small Business, Small Business Tax Tips, Tax, Tax Compliance, Tax Deductions, Tax Deductions Real Estate, Tax Deductions Realtors

Starting a business is exciting and nerve-wracking all at the same time. Our Tax firm is in Richardson, TX, and every day, there are hundreds of new businesses being formed in the DFW area. The process of starting a new business can be intimidating and the “to do”...