One of the most frequent disputes in IRS audits is whether the taxpayer had unreported income. This is income that the taxpayer failed to report on his or her income tax return. This typically involves cash a business or service provider received from clients. It may also include non-cash deposits into financial accounts. This “income……
TX-LW Blogs
What You Need to Know about Hiring a Texas Probate Attorney
In Texas, the probate process can be complicated and time-consuming. If you’re considering hiring a probate attorney, there are a few things you should keep in mind. In this blog post, we will explore what you need to know about hiring a Texas probate attorney. We will discuss the different types of probate, the benefits…
How to Get Bank, Financial, and Mortgage Information after Someone Dies
After someone dies, their bank accounts, financial assets, and mortgage information do not automatically go to the next of kin. In Texas, the process for getting this information is not as straightforward as one might think. In this blog post, we will explore how to get bank, financial, and mortgage information in Texas after someone…
How to Prove Testamentary Capacity in a Texas Probate Court
A will is a legal document that names how a person’s property will be distributed after their death. In order for a will to be valid, the person must have what is called “testamentary capacity.” This means that they must understand the nature and extent of their property, and must be able to identify the…
What does it mean to die “intestate” in Texas?
If a person dies without having made a will in Texas, they are said to have died “intestate.” This can have a few different effects on the distribution of their estate. In general, if you die intestate in Texas, your assets will go to your spouse and children first. If you have neither of these,…
Do bank accounts go through probate in Texas?
If you’re like most people, you have at least one bank account. But what happens to that account when you die? The answer may surprise you: in Texas, bank accounts do not go through probate. In this blog post, we’ll discuss what this means for your loved ones and how to ensure that your bank…
What is subject to probate in Texas?
In Texas, probate is the legal process that is used to settle the estate of a deceased person. This includes distributing their assets and paying any debts or taxes that may be owed. The process can be complex, but understanding what is subject to probate in Texas can help simplify things. Generally, any property that…
The Qualified Nonpersonal Use Vehicle
What Congress provides with one provision, it often takes away with another. This can result in legal challenges whereby the court creates exceptions. The exceptions can be modified and qualified by later legislation. This creates a labyrinth that one has to navigate to determine how an item is treated for federal income tax purposes. The……
Defeating the IRS Passport Certification Notice
Congress amended the code to allow the IRS to certify passports. This added another tool the IRS can use to get those with IRS back taxes to contact the IRS and, in some cases, to pay the IRS. As with most new laws, there are a number of open questions about how and when the……