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In Texas, sales tax audits are conducted by the Texas comptroller of public accounts. The comptroller auditor does not have a broad focus as IRS auditors. They rarely follow thousands of pages of tax law, court cases, and administrative guidance. They focus on a narrow set of laws and tax issues. This makes them focus […]
Buying a property is one of the most significant purchases one can make in his life. You need to manage lots of legal formalities and sign lots of paperwork whether it is a loan or purchase of the property. With all the different types of taxes, it is no wonder that consulting real tax […]
A private letter ruling is an official written statement from the IRS issued to the taxpayer about their specific situation, fact, and questions. PLR addresses all sorts of tax matters. If you intend to get a PLR, you must submit a letter ruling request for filing a return. You can request a PLR when […]
Payroll is a tax that deducts from the salary of the employee. It transacts directly to the government account. Typically, a company does not give the whole salary to its employees. They deduct some amount that directly transfers to a government account and is referenced as payroll tax. The government uses this sum for federal, […]
Managing your taxes is of chief importance when it comes to the proper handling of finances. Every citizen must pay taxes on time. People are generally scared to go into the complex income tax laws and pay more taxes on hard-earned money. Taxes come in different forms. It could be classified as income, local, […]
The research tax credit is one of the most valuable credits leveraged by innovators and entrepreneurs. It helps to reduce the amount of income tax that a business person or individual owes to the federal and state government. Several challenges make it difficult to discover, develop and deliver advancement. With the help of research tax […]
A private letter ruling is a written letter by the IRS to the employer. Suppose a taxpayer needs any clarification on a usual situation. The IRS generates a written request for the same. PLR is generally for the proposed transaction where the tax liability is high and the law is uncertain. A PLR can […]
Bankruptcy is a term that is used when an organization or individual is not able to make payments. It is the time when the money is tight, there is no security of a job, and the mortgages are exorbitant. After losing all the credits and assets, it is impossible to be free from all the […]
Income tax filing is one of the tiresome tasks for anyone who undertakes it. It has to finish in any problematic situation. It is not easy to get your dues reduced and qualify for the agreement. Tax codes are not easy to understand by everyone. An expert is needed who knows tax and tax […]
Divorce is that phase of life where the person is fully broken inside out. Not surprisingly, this time assets are often hidden with any purpose, simply greed, the feeling of betrayal, or the fear of not having enough after the divorce. However, there is no way to hide assets from your spouse. The divorce […]