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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
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
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
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
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
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
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
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
Citizenship for MTA’s Own Chi Le
Maddox Thomson is thrilled to announce our own Chi Le is now a naturalized citizen of the United States! For many people, becoming an American citizen is a dream. The path to citizenship can be long and costly and takes … Read More