IRS Updates

How Are C Corps Taxed? Here’s Everything You Need To Know!

best-tax-palnning-in-plano
When it comes to taxation C corps, the first thing that you need to know is that they are subject to double taxation - while the profits earned by C corps are [...]

The IRS bewares the offshore account holders!

tax-planning-in-irving
Hear, Hear, Offshore Account Holders! The IRS Is Coming For You! If you hold an offshore account, you must be aware of the strict watch that the IRS keeps [...]

IRS Changes Backup Withholding Tax Rate to 24%

best-tax-palnning-in-plano
Good News For Small Businesses! The IRS Has Announced A Reduction In The Backup Withholding Rate To 24%! Yes, you heard that right! In keeping with the [...]

How to know if your charitable contributions are going to the right place?

best-tax-palnning-in-plano
Do You Know Where Is Your Donation Going? Here’s What You Can Do About It! Donating to charities for a good cause feels great, right? But are you sure [...]

Call from IRS: How often do they call?

tax-planning-in-irving
Have You Been Receiving A Lot Of Calls From The IRS Lately? Chances Are That You Are Being Scammed! While it’s a usual occurrence for the IRS to call [...]

How New Tax Provisions Are Affecting Individuals

best-tax-palnning-in-plano
The Tax Cuts and Jobs Act Not Only Impacts Business But Also Individual Taxpayers. Here’s A List Of The Tax Provisions That Affect Individual Taxpayers. [...]

Here’s All You Need To Know About Capital Gains And Capital Losses!

tax-planning-in-texas
  We’re guessing most of you have heard the terms Capital Gain, Capital Loss, and Capital Gains Tax. But do you know what these terms mean? [...]

Are You A Homeowner? Make Sure You Claim These 5 Money-Saving Tax Deductions!

tax-planning-in-texas
  Being a homeowner comes with a lot of responsibilities, both personally and financially. You have to take care of numerous little things such as [...]

IRS Declared To Offer Tax Relief To The Victims Of Hurricane Florence!

tax-planning-in-irving
Good News For North Carolina Residents - IRS Declared To Offer Tax Relief To The Victims Of Hurricane Florence!   While the residents of North [...]

Know About The Tax Deductible Business-Related Travel Expenses!

tax-planning-services-in-irving
Self-employed individuals or business owners often require to travel for work-related issues. And when you are required to travel frequently for the [...]