Texas businesses are exempt from state sales and use tax on specific expenses, including manufacturing machinery & equipment, natural gas & electricity, and certain data center expenses. Manufacturing Machinery &
Definition of a Marketplace in Texas In Texas, a “marketplace” is defined as any physical or electronic platform where individuals or businesses—other than the platform owner or operator—sell taxable items.
Texas Mixed Beverage Sales Tax – Here are some interesting case studies…
Many businesses in Texas rely on machinery and equipment to perform services.
Businesses with annual revenue above $2,470,000 are required to file a franchise tax report.
Overview The Pennsylvania Board of Finance and Revenue recently reviewed petitions from One Market Data LLC, which contested the revocation of its sales tax license and the assessment of taxes,
Things to Remember When Considering Early Withdrawals Many taxpayers may need to take out money early from their Individual Retirement Account (IRA) or retirement plan. Doing so, however, can trigger
Adoptive parents around the country may qualify for a tax credit. Parents who either adopted a child or tried to adopt a child may claim the adoption credit. Here are
Settlement Reached with IRS The estate of the late award-winning singer and actress Whitney Houston has reportedly reached a deal with the Internal Revenue Service (IRS) to pay $2,275,366 in
Tax Rates Observation:For 2017, $600,000 of taxable income for a joint filer/surviving spouse creates a federal income tax liability of $182,830. For 2018, the same amount creates a liability of
Understanding Virtual Currency and Taxation The IRS has ruled that bitcoins and other convertible virtual currencies are considered property and not treated as currency. Virtual currencies are property for tax
A New Tax Cut for the Rich The final plan lowers the top tax rate for top earners. Under current law, the highest rate is 39.6 percent for married couples
FBAR Tax Attorney Alpharetta U.S. Enforcement on Offshore Accounts More Swiss banks are concluding their discussions as part of the huge U.S. settlement. Other enforcement efforts have included the John
Payroll Taxes IRS Dynamite If you own a business with employees, each payroll period you must hold back from each employee’s paycheck: How much income tax is withheld from each
Overview of Offshore Account Disclosures More Swiss banks are concluding their discussions as part of the huge U.S. settlement. Other enforcement efforts have included the John Doe summonses issued to
The IRS is Closing In The cold hard truth is that the IRS foreign income and asset detection net is closing in on those that have failed to make a
Facing a Notice of Tax Liability? If you have been dealt a notice of tax liability from the IRS, perhaps went through the Appeals process, and now have a 90-day
What Is an LLC? An LLC is a business structure similar to a sole proprietorship or a general partnership. According to the IRS: It is designed to provide the limited
Ansari Law Firm is a multi-state business and state tax law firm, with offices in Texas (Dallas, Fort Worth, San Antonio & Houston), Georgia and Illinois.
Ansari Law Firm is a multi-state business and state tax law firm, with offices in Texas (Dallas, Fort Worth, San Antonio & Houston), Georgia and Illinois.
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