A tax audit is a check done by a state tax authority or the Internal Revenue Service (IRS). It is often done randomly and only when the tax authority suspects the presence of a problem with a taxpayer’s return. It can be scary and nerve-racking for an individual or company to have the thought of having […]
Tax Deductions & Exemptions to Look Out For in 2019
Tax deduction refers to a reduction of the sum of your taxable income. Its purpose is basically to decrease your taxable income and as a result, reduce the amount of tax you owe the government. The Tax Cuts and Jobs Act in the United States have made several changes in the tax code, in which a massive […]
Getting Ready for Tax Season 2020
Tax season doesn’t have to be as hectic for you as it is for thousands of Americans. By having one of the best Tax Lawyers in Austin, Texas, you are guaranteed a seamless process as you file your returns. Tax season begins from January 1st and ends on April 15th of each year. During this time […]
Small Business Owners and New Tax Laws
With tax changes coming into effect in 2018 via the Tax Cuts and Jobs Act, there are many potential changes that small business owners will need to factor into their business. However, in order to benefit from these tax changes, it will help to familiarize yourself with the details of the new tax code and consult […]
