Americans who are 65 and older qualify for basic Medicare insurance, and they may need to pay additional premiums to get the level of coverage they desire. The premiums can be expensive, especially if you’re married and both you and your spouse are...

Once your 2018 tax return has been successfully filed with the Internal Revenue Service (IRS), you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year. Question #1: What tax reco...

As the tax-filing deadline closes in, you may wonder: how long do I actually need to hold onto my tax documents? In general, the Internal Revenue Service (IRS) recommends that you keep tax returns and relevant documentation handy for three years, whi...

Created to encourage economic growth and investment in low-income communities, the Tax Cuts and Jobs Act created a new tax incentive for investors to consider –  Opportunity Zones. With several areas of Houston identified as part of this program, ...

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required...

The Internal Revenue Service (IRS) kicked off their annual ‘Dirty Dozen’ campaign this month to warn taxpayers about twelve of the most prevalent tax-related scams. Topping the list this year is pervasive phishing scams. This Year’s Common Ploy...

Q.  Will tax reform limit my business interest expense in 2018? Possibly. If your average gross receipts for the past three years are $25 million or more, business interest expense may be limited for tax years 2018 through 2022. The gross receipts t...

After last summers’ U.S. Supreme Court ruling in the landmark sales and use tax nexus case, South Dakota v. Wayfair, many states have adopted nexus provisions requiring out-of-state sellers to collect and remit sales tax, regardless of whether they...