Royal Law

02/11/2022

If you recently received a notice from the IRS indicating you did not file or did not pay your taxes, don’t panic. It is likely due to the IRS backlog.

IR-2022-31, February 9, 2022 — As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional ...

02/03/2022

A huge win for taxpayers.

A decision to refund taxes paid on staking rewards could have large implications for how proof-of-stake miners and stakers are taxed in the future.

11/02/2021

More tax refunds being released to people who received unemployment compensation in 2020.

IR-2021-212, November 1, 2021 — The Internal Revenue Service recently sent approximately 430,000 refunds totaling more than $510 million to taxpayers who paid taxes on unemployment compensation excluded from income for tax year 2020.

08/15/2021

Royal Law is proud to represent a group of brave parents and students who have filed suit against Greg Abbott and Ken Paxton seeking a Temporary Restraining Order and Declaratory Judgment to allow school boards to protect the children in their care by requiring masks at school.

These parents, many of whom care for medically fragile children, face the terrible choice of educating their children or keeping them safe-- a choice Texas parents should never be forced to make.

We join the voices of Texans around the state who ask for nothing more than the opportunity to safely educate the children of Texas.

07/27/2019

The IRS has begun sending thousands of letters to US cryptocurrency holders warning them they may have incorrectly reported the taxes they owe on their transactions involving digital money.

As many as 10,000 taxpayers will have received the letters by the end of August, the IRS said on Friday. Regulators identified the taxpayers through what the agency described as "ongoing IRS compliance efforts."

If you have questions about tax compliance related to your cryptocurrency transactions, give me a call - I know what to do.

06/10/2019

Using the Paycheck Checkup tool to make sure you are having enough taxes withheld from your paycheck can help avoid an unpleasant surprise on April 15, 2020.

All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as possible. They should do a checkup even if they did one last year.

06/03/2019

WASHINGTON ― The Internal Revenue Service today advised those now receiving tax bills because they filed on time but didn’t pay in full that there are many easy options for paying what they owe.

05/21/2019

When it comes to self-directed IRAs, be very careful.

View this Investor Alert, Self-Directed IRAs: More Choices, More Risk, in a print-ready format.

05/20/2019

With summer almost here, many students will turn their attention to making money from a summer job. Whether it’s flipping burgers or filing documents, the IRS wants student workers to know some facts about their summer jobs and taxes.Not all the money they earn will make it to their pocket because...

04/10/2019

Even if you can't fully pay your tax bill, you should still file your tax return by the due date to avoid the late filing penalty.

With the April tax filing due date just a few days away, taxpayers should remember to both file and pay any taxes they owe by the deadine. Taxpayers who do not file and pay timely will see their tax debt grow. In fact, penalties and interest can cause a taxpayer’s debt to grow by more than thirty ...

03/28/2019

Many of us would gladly take advantage of a free computer tune-up from a big-name retailer.

03/22/2019

If you qualify for the just-announced expanded penalty relief, but already filed your 2018 tax return under the guidance issued on January 16, 2019, a refund can be claimed by filing Form 843 with the IRS.

IRS expands penalty waiver for those whose tax withholding and estimated tax payments fell short in 2018; key threshold lowered to 80 percent