What law requires people to file and/or pay "income" taxes?

Texas has no income tax on individuals. The federal Internal Revenue Code, combined with a whole bunch of case law, requires you to pay federal...

Getting out of partnership; no LLC, stocks, assets, just contract. Is it safe to proceed without him?

First question is whether or not you have the financial resources to protect yourself physically, to get rid of your partner and get a new contract...

Mark ups made to a will

If you mark up a valid typed-up will, you run the risk of invalidating the will.. As far as hiring a qualified attorney to prepare your will, that...

Do I need to trust my husband's lawyer to record the Special Warranty Deed or can I request it be given to me to record?

On the deed, I would require a provision for you to sign that you've received and accepted delivery of the deed. Sign it, then get the attorney to...

How do I transfer a rental house, owned outright, from a single owner (me) to my Revocable Living Trust?

Unless your concerned about liability over and above your insurance, an LLC may be overkill. I would use an LLC were going to hold onto the rental...

Is it "theft" when my LLC partner won't work as required by Regulations but still draws Guaranteed Partner Payments?

You're saying that your partner has failed to perform. Therefore he breached his contract. The LLC should happen operating agreement. It is by...

Have a DBA and want to convert to LLC. Will years in business be affected?

Continuing your business in an LLC or a corporation is just that. A continuation of the business. There two sales that have to be attended to, and...

In Texas, you can organize nonprofit is either a nonprofit corporation or as an LLC. Nonprofit corporations are a separate classification in Texas....

Setting up an LLC

The assets of an LLC are neither separate property nor community property. The question is whether the LLC is your separate property or community...

Can my income tax be taken due to judgement from credit cards in texas

Short answer to question is yes. But read the long answer. Cancellation of debt is income for fed income tax purposes. A creditor is suppose...