Category Archives: Commentary

Citizenship for MTA’s Own Pedro Obando

Last year only one out of every 10,000 people in the world had what it took to become a naturalized U.S. citizen. Pedro Obando is now one of the few.

House Republicans Tax Reform Proposal

Provisions for Individuals, Businesses, and IRS Reforms

On June 24, House Republicans released their latest tax reform proposal, “A Better Way—Our Vision for a Confident America.” Earlier in the year, Tax Reform Tax Force, led by Ways and Means Committee … Read More

2015-2016 Contribution Limits for IRAs and Retirement Plans

The IRS has just released their updated contribution limits for tax deferred savings plans for next year. Since there has been no appreciable inflation for the past year, the contribution limits remain the same as last year. If you want … Read More

IMPORTANT NOTICE FOR ALL TAXPAYERS IN HARRIS, HAYES, AND VAN ZANDT COUNTIES

The IRS has announced on its website that certain affected taxpayers have until November 2, 2015 to file most tax returns (including individual, estate, trust, partnership, C corporation, and S corporation income tax returns; estate, gift, and generation-skipping transfer tax … Read More

The tax benefits of hiring your kids

Maddox Thomson Cookies

Children are a blessing, but how quickly they grow up. From that sweet, tiny face that would run to meet you at the door, to the teen that might give you a quick hello before heading back into their room.  … Read More

Filing an extension: Better late than never

Tax extension

In 2014, more than 138 million taxpayers in the U.S. filed for an extension on their taxes. Why? Many Americans use these additional months to reflect on their finances, collect records, look at other options and seek advice. Late is … Read More

If I read it on the Internet it must be true?

Tax facts

Clarifying tax updates (and myths) from around the Internet grapevine.

We’re all in the business of information-wading. You may be a professional email speed-reader or Facebook news feed sifter. For us, it’s about battling wrong information aggregators and putting the … Read More

Thank You

In two days, we’ll ring in 2015. As we wrap up this year and venture on to the next, we find ourselves reflecting on what we’ve accomplished and what we have yet to achieve.

Some time ago, Abraham Lincoln said, … Read More

12 Tax Tips and a Happy New Year

While end-of-year finances and tax tips aren’t nearly as entertaining to review as Houston Chronicle’s recent EOY article Houston’s 50 Most Fascinating People of 2014, they’re still worth a peek to make sure your numbers ring in a Happy … Read More

Update: Shareholders easily approve Kinder Morgan consolidation megadeal

Kinder Morgan merger received 95 percent approval. For those holding KMP, EPB units and KMR shares, there will be tax consequences regardless of whether the units and/or shares are sold.
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