On Monday, July 20, Orrin Hatch, Chairman of the Senate Finance Committee, called for an inspection of the Advanced Premium Tax Credit (APTC) program for 2014. The APTC is designed to forward tax credits as […]
Obamacare: Healthcare Solution or Taxpayer Burden? Read More »
We live in a global society. As a CPA I am constantly traveling to meet clients or attend tax conferences. If your trip is set up properly, you can reap the tax benefits of travel
How-To Travel for Pleasure Tax-Free Read More »
Several years ago, the IRS passed legislation aimed to catch at tax cheats harboring income producing assets in foreign bank accounts. The legislation required taxpayers to disclose details relating to off shore banking accounts to
No Penalty for Delinquent FBAR Submissions Read More »
Rand Paul wrote a piece in the Wall Street Journal the other day titled “Blow Up the Tax Code and Start Over”. Can his proposal for a flat 14.5% tax to personal and corporate income
“Blow Up the Tax Code and Start Over” Read More »
On its website, the IRS announced relief for taxpayers in Harris, Hayes, and Van Zandt who were affected by the severe storms, tornadoes, straight-line winds, and flooding that took place in Texas beginning on May 4,
Tax Relief for Disaster Victims in Texas Read More »
We live in a digital era of information. While we try to simplify the way data is stored and accessed, we need to be sure that this information is safeguarded from those who can use
The IRS data breach and how to prevent becoming a victim Read More »
Last week, the IRS released the Spring 2015 Statistics of Income Bulletin. The bulletin includes preliminary numbers from the 2013 tax year. Some of the more interesting data points include the following: 147.7 Million tax
Spring 2015 Statistics of Income IRS Bulletin Released! Read More »
As many of you are well-aware of at this point, the Affordable Care Act (ACA) required individual taxpayers to have a minimum essential coverage beginning in 2014. This act has many moving pieces and still
Affordable Care Act and what it means for you Read More »
Being that many of my clients are from Austin, Texas, I thought I would share this publication released by the IRS yesterday. Here is a brief overview of some of the more important tips: Net
IRS releases publication with “Ten Tax Tips for Farmers” Read More »
With the April 15, 2015 individual tax deadline rapidly approaching, I want to remind everyone that your 2014 taxes aren’t the only returns you should be thinking about. If you neglected to file your Form
IRS still holding over $1 Billion in federal tax refunds Read More »
Typically, I don’t comment on proposed legislation or politics, but there has been more than a few articles over the last year on tax avoidance strategies corporations have been using to their advantage. One of
Obama tax proposal to impose lower tax rates on “repatriated” profits Read More »
