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Investing in real estate is one of the biggest investments ever. This investment includes financial agreements, contracts, deeds, and more. Property deals are not limited to sale and purchase. It has more to deal with real estate tax law. In Houston, there are different types of taxes that a property owner, whether residential or business, […]
Tax is the chief revenue of the government globally. In Texas, the sales tax generates from retail, lease, and rental of tangible personal property and certain specified services. Food items like beverages and candy also come under the sales tax. Every year, Texas people pay 6.25% Nexus to the state for their product or […]
Not surprisingly, divorce is a complex and critical phase in anyone’s life. A person who faces has a lot more in their mind because a bounded relationship ends and every ending is painful. Keeping all your emotions aside, you have to deal with complex tax and property issues. Besides child care expenses can often be […]
IRS audit is a simple review to examine your tax return closely and verify your income and deduction are accurate or not. In simple words, it double-checks the amount to ensure you have paid the right amount of tax. Some legal procedures and policies must be followed by the IRS and the taxpayer during […]
Every season truck drivers leave thousands of dollars as a tax amount. It is a large part of taxation prepared by mileage logs every year. Truck drivers have access to different tax deductions and credits. There are lots of taxes like excise, payroll, self-employment, and others that they have to pay. While on road, […]
The term payroll tax defines the amount deducted from the monthly salary of the employee by the employer. The employee did not get the whole income. The deducted amount is used in terms of taxes that transact in a government fund. The employer or business owner is responsible for depositing and reporting employment taxes at […]
Bankruptcy is a term used when an organization or individual is unable to make payments to its creditors. It is no secret that bankruptcy is the most stressful life event. To make you free from bankruptcy a petition is filed in court. In Houston, the bankruptcy case is handled by the federal court. Like other […]
PLR or private letter ruling is a written letter issued by the IRS to the taxpayers that guides the taxpayers on the complex issue of the specific tax situation. PLR addresses all sorts of tax matters. It includes – a taxpayer is entitled to deduct business expenses or entitled to claim a tax credit, […]
A whistleblower is a person who raises his voice and comes forward with information about the wrongdoing in the organization. These people commonly reveal fraudulent acts, abusive language, corruption, violations of law and acts of threat, etc. In a whistleblower act, if a person is revealed to have illegal, dishonest, or fraudulent practice, legal action […]
The research tax credit is one of the most significant incentives used by a business owner. With time, more and more businesses benefit from this invaluable credit. If your company develops new products or is experimenting with innovative technology and material, you are ready to claim a research tax credit. It is a valuable […]