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...
San Antonio Tax Law Blog
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...
18? You need to start your estate plan
When you think about estate planning, what do you imagine? Do you see someone in their 60s, 70s, or 80s making a will and looking at the assets they want to pass on? Do you imagine a person with a family setting up guardianships for their children if they can’t care...
What every non-filer should know about their taxes
Depending on your income and history working in the United States, you may be someone who rarely or never pays taxes. While it’s completely acceptable not to pay taxes under some circumstances, you still need to file a tax return in most cases. Failing to file a tax...
Are you dealing with a bad business partner?
Going into business can be an exciting time for you and your partner. Whether your partner has been with you from the beginning, or they joined you when you were already on your way, your business partner has a critical role in your business. When your business...
Aiding and abetting false returns sends tax professionals to jail
Working in finance can be a great, stable career. People will always need someone to manage their retirement investments and file their taxes. Becoming a certified public accountant or a tax preparer can be a great way to start a financial career. However, a career in...
3 behaviors that could constitute tax evasion and lead to charges
Every individual and business in the United States has to pay taxes on their income. Although some taxpayers can reduce or even eliminate their tax obligations using tricky accounting, such practices sometimes cross the thin line between tax avoidance and tax evasion....