Many people are spurred to start their estate planning when they have a child. They want to designate a legal guardian who will step in and raise them should something happen to both parents. Unfortunately, not everyone does this. They assume that because they have a...
San Antonio Tax Law Blog
How does the Paycheck Protection Program work?
In 2020, the CARES Act created Small Business Administration’s (SBA) Paycheck Protection Program (PPP) , which provides short-term and low-interest loans for eligible small businesses to cover business-related costs such as payroll expenses and certain operating...
Don’t make these estate planning mistakes
Estate planning is a task that many adults overlook, but it’s one that’s critical. There are many things to consider when you’re creating your estate plan. Creating your estate plan will take time, but it isn’t something you should rush through. Making mistakes as...
What if you owe more in taxes than you can pay?
Maybe you earned a very competitive salary at the height of your career and employed an aggressive accountant who claimed to legally minimize your tax obligations. You felt pleased with the results of their work, and you had no reason to question their professional...
Getting remarried? Take another look at your estate plan
Any time you have a major life change, that’s a good time to think about working on your estate plan. Your estate plan goes over how you’re going to pass on your assets and what you want to have happen if you become incapacitated, so it makes sense to update it any...
How shared child custody arrangements could lead to tax issues
For the average parent considering shared custody, their concerns focus primarily on access. They want to get to see their kids on birthdays or ensure that they can attend basketball games. If you don't address all of the right terms, especially if you handle your...
Will you need to attend a meeting during an IRS audit?
An audit will typically mean a careful review of your financial records and tax return filings. If there are serious issues, the Internal Revenue Service (IRS) could determine you owe unpaid taxes, and they could even pursue criminal charges in extreme cases. Audits...
As an executor, repaying estate debts should be a top priority
Serving as the executor of someone's estate is a noble gesture. Perhaps you agreed to take on that responsibility years ago when your parents updated their estate plan after retirement. Maybe you stepped up into the role because a family member died without a will and...
Seek the right remedies if a breach of contract hurts a business
Contracts help companies manage expectations, create predictable income streams and limit liability for daily operations. As a business owner or executive, you might enter into contracts with numerous parties. From landlords and suppliers to clients and employees,...
Will your NFT trades result in an income tax audit?
Digital assets are more popular than ever, and more easily accessible than they were just a few years ago. More people have begun to buy them as unique property and as potential investments. While some people invest in digital currency, others invest in unique digital...
Practice Areas
Taxation Law Representation
Business & Employment Tax Matters
Probate