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What Is a Homestead Exemption?

Legal AssistantResources, Tax Law

The homestead exemption is a provision in law designed to protect an individual’s principal residence from creditors following the declaration of bankruptcy or the homeowner’s death. The amount of equity the exemption can cover depends on several factors, including whether the homeowner is current on their mortgage, the type of homestead exemption available to them, and the amount of equity …

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Cryptocurrency and Taxes – What You Need to Know

Legal AssistantAdministrative Law, Business Law, Regulatory Law, Resources, Tax Law

2021 was a great year for cryptocurrency. It saw many first-time investors buying in, most of whom began investing in the last nine months or so. The market recorded several all-time highs and lows throughout the year, resulting in massive profits and losses in equal measure for many investors. If you’re part of this new crop of investors who got …

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Get Paid for Reporting PPP Loan Fraud

Legal AssistantAdministrative Law, Business Law, Criminal Law, Tax Law

In July 2021, 22 people were arraigned in court on charges of engaging in fraudulent schemes to acquire more than $11 million in loans from the Paycheck Protection Program (PPP). The individuals used the loan proceeds to purchase jewelry, luxury vehicles, and other personal items. According to court documents, the defendants submitted or aided in submitting loan applications on behalf …

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What Happens if You Don’t File Taxes?

Legal AssistantResources, Tax Law

Every US citizen has a legal obligation to file their tax returns every year – whether or not you owe anything to the IRS. That’s just how the law is set up. Besides, you might just find that Uncle Sam has a tax refund waiting for you. And who doesn’t like having a little extra cash in their pocket, much …

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What Is Capital Gains Tax and How Is It Calculated?

Legal AssistantBusiness Law, Tax Law

If you’re researching capital gains tax, congratulations! It’s likely because your investments are doing well. Or, at the very least, you’re preparing for when they start to yield some major returns. Either way, you’ve come to the right place to find the information you seek. If you created a low-cost, diversified portfolio, there’s a good chance that the assets you …

When to Hire an IRS Tax Lawyer

Legal AssistantBusiness Law, Tax Law Leave a Comment

Money is a major pain point for most people, but you know what’s even more stressful? – Having to deal with the IRS. Tax season is right around the corner, and for most people, it means having to comb through mountains of paperwork and file your returns like an upstanding tax-paying member of the society. But did you know that …

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Who are the Best Lawyers in Houston in 2019?

Legal AssistantBusiness Law, Criminal Law, Divorce Law, Maritime Law, Personal Injury Law, Personal Injury Lawyers, Resources, Tax Law, Wills Leave a Comment

Should you ever find yourself in any legal battle, one of the most prudent things you can do to give yourself the best chance of coming out on top is to find yourself the best lawyer for your particular situation. There are very many different kinds of lawyers in Houston. Just as is the case with everything in life, some …

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Do I Need a Tax Attorney or CPA?

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Tax season is a difficult season for some businesses and individuals. This can be because it’s the first year that you’ve had to file difficult taxes (i.e., trusts) or because you’ve let tax payments add up – no matter what the situation is, there is help. Two of the most common options are a tax attorney or a Certified Public …