Tax Attorney Houston Texas Blog

Houston Tax Attorney Keith Cothroll words to live by.

New Business Deduction 20% of qualified business income may be available to you!

The IRS has proposed a brand new deduction, the section 199A deduction, that may allow sole proprietorships, […]

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Hurricane Tax Survival Tips

Taxpayers typically think of 1000 other things when preparing for a storm other than what happens if […]

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What happens when the IRS disallows your business expenses under the “hobby rule”

A common source of audits that I’ve seen in the past is where taxpayers claim Schedule C […]

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Statute of Limitations has now been extended to file suit or claim against IRS for wrongful levy

IRS Tax Tip 2018-123 lays out the details on the change in the law. The former deadline […]

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Sales Tax Holidays! Are they even worth it?

It’s that time of year again where parents are getting their kids ready for back to school […]

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I sold my home and got a check. Do I have to claim it on my tax return?

Primary Home:   You can exclude all of the gain from the sale of your home if you […]

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Can I deduct the interest from my home equity loan in 2018? Yes, but…

only if it adds to or improves the value of your home. Additionally,  the deduction only applies […]

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Can I deduct alimony payments on my tax return? Not after this year…

For many years the IRS allowed an alimony deduction for the obligor on their tax return. The […]

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What is the time limit for the IRS to audit me?

A lot of people ask me how long should they worry about being audited. For the most […]

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Can I abate penalties from the IRS solely by relying on the bad advice of a tax preparer?

Taxpayers have asked me many times whether or not they can get penalties and interest abated as […]

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