You found out that your spouse was cheating on taxes, and now the Internal Revenue Service (IRS) is holding you liable for a tax understatement. If you file for taxes jointly with your spouse, the law makes both of you responsible for the tax liability, even if you...
San Antonio Tax Law Blog
Should computers decide who gets audited?
The last two decades have seen amazing advances in technology and computer science. With machine learning and artificial intelligence leading the way, many tasks can be reliably assigned to computer programs to complete with only a small amount of human oversight. The...
What do I need to know about tax evasion?
The federal government is fierce in its requirement that taxpayers honestly pay their taxes. If the Internal Revenue Service (IRS) believes someone is trying to cheat the system, they will investigate and, depending on what they find, aggressively build a case. But...
What happens if I die without a will?
When someone passes on without having an estate plan in place, their assets become subject to the probate process. Probate can be an extremely complicated process that takes months or longer to settle an estate. During this time, the decedent's friends and family may...
Do you have a succession plan in place?
If you spent a lifetime creating a stable, profitable business, you might find that passing it down to your children is a real challenge. A well-planned, well-crafted succession plan creates security and accountability, not just for you and your kids but also the...
What do new business owners need to know?
Every business owner has a million questions, especially when they’re starting out. Below are a few of the most important questions for you to consider before you open your doors. What kind of business formation is best? Business formation will have an outsized impact...
What businesses must consider when filing taxes this year
It’s safe to say that we’re all happy to move on from 2020 for so many reasons. But for everyone, especially for businesses, the new year means one last bit of business from last year: taxes. Last year was among the most challenging that any business will ever face....
Knowing when a loved one’s estate must go through probate
When a loved one dies, you have many things to worry about on top of grieving for the deceased. This is especially true if the family expects you to take care of the estate. Administering an estate can be a difficult task. One of the first things you must determine is...
When should I update my will?
While planning for the future has no demographic, many who do initiate a will are aware of the many ways life can zig and zag and introduce moments of joy and compromise. As such they often turn to estate planning to seek out further security for themselves and their...
