Tax Attorney Houston Texas Blog

 Houston Tax Attorney Keith Cothroll words to live by. 

COVID 19 IRS UPDATE!

The IRS has just issued an update regarding installment agreements, offers in compromise, liens and levies and other IRS business during the COVID 19 outbreak. Installment Agreements: The IRS will suspend your payments between April 1, 2020 and July 15, 2020 for any...

Avoid IRS Scams By Reading This Blog

The IRS has been using third party collection agencies for a little over a year to collect back taxes. This blog will tell you who these agencies are and what to expect. The IRS uses ONLY these FOUR agencies to collect against you. If someone other than these four...

Reporting Cash Payments over 10K

The IRS requires taxpayers to report cash transactions over 10k. If it is in the form of a deposit or wire transfer to the bank, the IRS will automatically get a report of it from the financial institution. If the transaction is legitimate, such as a loan or for a...

Special Tax Rules for Military Personnel

The IRS has special rules for military personnel when they prepare their taxes and here is a summary of those rules. Combat pay is excluded. You do not have to report that income from a designated combat zone. Postpone tax deadlines: If you are serving in a combat...

Understanding the new 1040 form for 2018

The brand new 1040 form both simplifies your return, but also complicates it in the sense that there are six new schedules that take the place of line items that used to be on the two page return. This article is mostly about what those six new schedules are. You...