Texas Contractor Sales Tax Flow Chart
If you are a contractor in Texas and you are wondering whether or not you owe sales…
August 14, 2024
If you are a contractor in Texas and you are wondering whether or not you owe sales…
Who Pays the Sales Tax in a Construction Setting? Normally, the sales tax is paid on the materials when it is purchased. If not, you need to make sure it
Documenting Spoilage in a Sales Tax Audit If you purchased items that cannot be sold due to spoilage or damage, you need to document it properly. Otherwise, you might be
Sales tax audits are not always a precise science of calculating the true number that a business might owe. A lot of times it’s almost guessing at the most reasonable
You might want to file for a voluntary sales tax disclosure if you want to avoid penalties. However, you have to meet the test. Transcript Why Would You Want to
Depending on the type of labor that you are providing, you might need to tax the transaction, or maybe a part of it. Make sure to break down the invoice
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
Can You Negotiate My Debt? This could possibly be our most common phone call: “Can you negotiate my debt? I heard the IRS takes pennies on the dollar.” The answer
Streamlined Domestic Offshore Procedures: An Alternative to 2014 OVDI/OVDP Under the 2014 OVDI Streamlined Procedure, U.S. residents who meet certain requirements have the option of using the Streamlined Domestic Offshore
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
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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