Feb
24

We recently became aware of a scam involving an individual falsely claiming to represent the Texas Comptroller of Public Accounts, or in some cases the Texas Department of Transportation. The caller claims the taxpayer has a tax liability or other issue and requests credit card information. The Comptroller's office does not request payment details, such...
Jan
25

The November elections resulted in a Republican sweep of the White House, the U.S. House of Representatives, as well as the U.S. Senate—results that could very well set the landscape and build momentum for major tax reform in 2017. President Trump and House Speaker Paul Ryan have each put forth initial proposals that have the potential of serving as...
Jan
25

Conservation easements have long been tax-advantaged vehicles for taxpayers to permanently commit environmentally significant parcels of property to a conservation program in exchange for a tax benefit in the year of commitment. The original intent of the conservation easement was to allow individual taxpayers to receive some monetary benefit for not...
Nov
28

UPDATE: On November 22, the U.S. District Court for the Eastern District of Texas granted a preliminary injunction on the implementation of the new Department of Labor (“DOL”) overtime regulations. For now, businesses and employees are in a holding pattern, and businesses can continue to follow the existing rule. The preliminary injunction is not a...
Nov
28

As we approach the holiday season, we wanted to make you aware of the IRS rules for gifts to employee, business associates, and referral sources.  A little known rule is that business gifts are limited to $25 per person, per year.  Yes, that’s a low amount!  This limit has not been updated by the IRS since 1954.  So what do you do when...
Oct
04

Next month, Americans will head to the polls to elect the next president of the United States. While the outcome is unknown, one thing is for certain: There will be a steady stream of opinions from pundits and prognosticators about how the election will impact the stock market. As we explain below, investors would be well‑served to avoid the temptation...
Sep
30

When news breaks and markets move, content-starved media often invite talking heads to muse on the repercussions. Knowing the difference between this speculative opinion and actual facts can help investors stay disciplined during purported “crises.” At the end of June this year, UK citizens voted in a referendum for the nation to withdraw from the...
Sep
30

IRS scammers are at it again, and are now targeting your email's inbox.  WSJ's Laura Saunders explains and has tips for those who receive fake IRS messages. The IRS Doesn't Initiate Taxpayer Contact by Email  The Internal Revenue Service (IRS) and its Security Summit partners issued an alert to taxpayers to be on guard against fake email...
Sep
12

With school back in session in most of the country, many parents are likely thinking about how best to prepare for their children’s future college expenses. Now is a good time to sharpen your pencil for a few important lessons before heading back into the investing classroom to tackle the issue. THE CALCULUS OF PLANNING FOR FUTURE COLLEGE...
Jul
06

Many investors look to gross domestic product (GDP) as an indicator of future equity returns. According to the advance GDP estimate released by the Bureau of Economic Analysis (BEA) on April 28, annualized real US GDP growth was 0.5% in the first quarter of 2016—below the historical average of 3.2%.1 This might prompt some investors to ask whether below-...