People usually confuse tax liens with levies, but they are not the same. The Internal Revenue Service (IRS) issues tax liens and levies when a person fails to pay their tax debt. However, a lien is the government’s intention to seize your property, whereas a levy is...
San Antonio Tax Law Blog
When can someone contest a will in Texas?
The purpose of wills is to carry out the wishes of the deceased. Still, sometimes the will’s beneficiaries can identify problems with the way in which their loved one drafted the will. When this happens, those who have an interest in the deceased’s property can...
What to do if your spouse cheated on taxes
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...
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...
