Scam alert for Texas taxpayers. The Texas Comptroller’s Office is alerting taxpayers that scam artists are sending out fraudulent statements, purporting to be from that office. If you receive suspicious correspondence that claims to be from the Texas Comptroller’s Office, you may be able to help the office stop fraud by notifying them by email […]
Texas Comptroller’s Office Scam Alert Read More »
Colleges, universities and trade schools will soon reopen. Whatever form a school takes, higher education is expensive. But the good news is, taxpayers, their spouses or dependents who take post-high school coursework in 2021 may qualify for one of two tax credits that can reduce their tax bills. The American Opportunity Tax Credit is worth
Tax Credits for College Students Read More »
To help you make sure you don’t miss any important 2021 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. Date Deadline for February 1
To a thief, your personal identity is a gold mine, waiting to be looted. That’s why the IRS is reminding the public of a free, opt-in program you can use to help protect yourself from tax-related identity theft. It’s an Identity Protection Personal Identification Number (IP PIN). An IP PIN is a six-digit number that
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Tax evasion generally leads to serious consequences. One man was convicted of not filing tax returns or paying federal tax for several years. He was sent to prison and ordered to pay restitution for the tax he’d evaded, estimated at more than $1.4 million. The IRS then completed a civil exam that covered more years
Tax Evasion Conviction AFTER Paying Restitution Read More »
The U.S. Tax Court has ruled that an executor was personally liable for unpaid estate taxes because he made distributions of the estate’s assets knowing that the estate owed the taxes. In the case, the IRS sent the executor a notice of deficiency claiming the estate owed over $1,000,000. The executor promptly filed a petition
Executor for an Estate? You’ll Want to Understand the Liabilities Read More »
New legislation in Texas establishes a state employee family leave pool that takes effect Sept. 1, 2021. The purpose of the bill is to give eligible state employees more flexibility in bonding with and caring for children during the child’s first year following birth, adoption or foster placement, and in caring for a seriously ill
Texas State Employee Family Leave Read More »
Ransomware has been in the news a lot.
Ransomware: Not if, but when Read More »
New unemployment insurance (UI) rules apply when Texas employees are called into active military service. Effective Sept. 1, 2021, if the worker’s last separation from employment with a given employer before the worker’s benefit year was due to being called into uniformed service, the employer’s UI account may not be charged. This excludes employers who
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Unemployment insurance (UI) tax rates in Texas will return to pre-COVID levels for 2021. The Texas Workforce Commission has announced that it has set 2021 UI rates to be consistent with 2020 rates, rather than increasing rates due to the pandemic. For 2020, rates for experienced employers ranged from 0.31% to 6.31%, which included a
Unemployment Insurance Return to pre-COVID Levels Read More »
