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Dallas Employee benefit plan audit

The drumbeat of bad economic news has even the IRS cutting individuals some slack when it comes to paying their tax debts. IRS Commissioner Douglas Shulman said in January that he has expanded the authority of agency personnel to suspend collection activities for individuals struggling during the current economic slowdown. However, the extent of the [...]

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of February 2009.

Even though gas prices have gone down from their record highs six-months ago, many people are looking for ways to save on their energy costs. The Tax Code provides a number of energy tax incentives to encourage individuals and businesses to invest in energy-efficient property and also in alternative sources of energy. One of those [...]

Many taxpayers are looking for additional sources of cash during these tough economic times. For many individuals, their Individual Retirement Account (IRA) is one source of cash. You can withdraw (”borrow”) money from your IRA, tax and penalty free, for up to 60 days. However, the ability to take a short-term “loan” from your IRA [...]

Am I overpaying in withholding and estimated tax?
Although an annual review of your form W-4 (Employee’s Withholding Allowance Certificate) or estimated tax payments is always important, it may be particularly imperative to do so in 2009. The current economic recession and other changes to your personal and financial situation may have had, and will continue [...]

White House/Congress start work on economic stimulus package
Congress and the new Obama Administration are working to quickly enact a massive economic stimulus package to jump start the U.S. economy. Democrats in the House and Senate have unveiled a$816 billion stimulus package including roughly $275 billion in tax incentives. The fact that Democrats control both the [...]

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