Dallas, TX

Tax Planning

Tuesday, December 12, 2017

Fighting the IRS

You're fighting the IRS, but you are uneasy and don't know what to do. This all depends upon the type of tax and how long you have waited.

In general, fighting the IRS about income taxes and estate taxes is much easier than fighting the IRS about employment taxes.

In the case of income and estate taxes, the IRS will conduct an audit and then send you a letter asking you to agree to the results of the audit. If you do not agree to the results of the audit, you will have a chance to file an appeal (with the IRS) contesting the audit.
Read more . . .

Tuesday, December 12, 2017

So You're Starting Your Own Business: Now What?

You've been thinking for some time about starting your own business and you have now finally decided to do so. NOW WHAT?

You asked about operating as a sole proprietorship, a corporation or a limited liability company (LLC). Specifically, you wanted to know what is necessary to begin operating in any of these forms. You were also concerned about liability exposure and wanted information about the tax implications.

To operate as a corporation or LLC, you must form the entity by filing the necessary documents with the Texas Secretary of State.
Read more . . .

Tuesday, December 12, 2017

Do You Still Need Estate Planning?

The exemption from federal estate and gift taxes is now $5,600,000.00 (was $5,490,000.00 in 2017). As a result, many people think that they no longer need estate planning because their estate does not exceed this amount.  

This is a classic case of the tax tail wagging the business dog.

Read more . . .

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12801 N. Central Expressway, Suite 540, Dallas, TX 75243
| Phone: 972.934.2830

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