The Internal Revenue Service doesn't require Texas residents -- or residents of any state -- to file federal tax returns if their income falls below a taxable threshold. Since so many factors come into play with determining taxable income, it's still a good idea for all individuals to complete … [Read more...] about What happens if Texas residents don’t file federal returns?
What happens when a Texas resident is late with federal returns?
It's unlikely that any adult in Texas can't tell you when federal income tax forms are due: April 15 is a date that is etched on the minds of most workers and business owners. But what happens if you fail to file a return by the appropriate date? According to the Internal Revenue Service, delinquent … [Read more...] about What happens when a Texas resident is late with federal returns?
Texas tax payers should understand the offer in compromise
Perhaps one of the most frightening entities to owe money to is the Internal Revenue Service. Doubtless, many Texas residents have heard or shared horror stories about tax audits or IRS debt collection procedures. While owing past due taxes is serious, it doesn't have to ruin your entire life. With … [Read more...] about Texas tax payers should understand the offer in compromise
Texas corporation suffers for failure to pay franchise taxes
From individual tax payments due the Internal Revenue Service to a bevy of taxes levied on corporate entities, there is one thing all taxpayers can be sure of. Failure to pay taxes can eventually result in trouble for a person or company. Tax delinquency may cause collection activity, loss of … [Read more...] about Texas corporation suffers for failure to pay franchise taxes
Tax delinquency is a problem that can be solved
Texas residents who fall behind on state or federal taxes may think their tax problems are unresolvable. The IRS and other tax agencies can be frightening when it comes to collections, sending strongly worded notices and threats to seize accounts or property. Thought delinquency is a serious issue, … [Read more...] about Tax delinquency is a problem that can be solved
What happens when Texas taxes are delinquent?
Failure to file a required tax return or pay taxes owed in the state of Texas can result in serious consequences, including liens and criminal charges. Before such measures, however, there are usually a variety of procedures and things a person or business can do to help improve the … [Read more...] about What happens when Texas taxes are delinquent?