TO OUR FRIENDS AND CLIENTS: On Friday, March 20th, the Treasury Department notified taxpayers that the filing deadline for 2019 tax returns shall be extended ninety days. Therefore, returns with a due date of April 15, 2020 need not be filed or extended until July...
A trust can be a useful part of an estate plan for people in Texas. Trusts are not just for the wealthiest people; they can allow an individual to control when and how beneficiaries receive assets and help ensure that children from a previous marriage are cared for....
Parents in Texas who are entering into second marriages may want to make sure their estate plans are revised to allow their children to inherit some of their assets. Older adults who remarry may have accumulated assets of significant monetary or sentimental value that...
If you are looking to limit your liability as a business owner, it may be best to look into organizing your organization as a limited liability company (LLC). Texas law allows companies to use the LLC structure, and the same is true in most other states in the...
Many of our blog readers in Austin and across Texas are likely familiar with television and movie plot lines focused upon squabbles following the death of a prominent family member. Stories tracking that theme are perennial entertainment winners, whether they are...
Roughly 14 million people in Texas and throughout America owe back taxes to the IRS. This may result in a tax audit, financial penalties or even criminal charges being levied against a taxpayer depending on the circumstances of his or her case. Individuals who are...
The good news just keeps on coming for Texas commercial entrepreneurs and established business principals.And it is preceded by myriad ongoing reports underscoring the state’s seemingly bullet-proof economy and continuous expansion across multiple growth...
Texas is a major American influencer in virtually every imaginable commercial category. The state commands an unquestioned top-tier status in categories ranking from farming and natural resources to banking and space exploration. Indeed, Texas is synonymous with...
Estate planning is crucial to ensure the safety and security of your family’s future. But sometimes, loved ones pass away without a will. While this can make things more difficult, don’t worry — it doesn’t mean that their assets are out of your hands. ...
Businesses in Central Texas and elsewhere seek to combine for widely varied reasons.The owners of an established company might be looking for a buyer to simply cash out and proceed to next-step opportunities. Partners are perhaps retiring. A business model might have...
