Federal Taxation of Real Estate Investment Trusts REITs and FINCen’s Beneficial Owner Reports

By:  Coleman Jackson, Attorney & Certified Public Accountant January 17, 2023 General Definition of Real Estate Investment Trust: For federal tax purposes, Internal Revenue Code Section 856 defines the term real estate investment trust as any corporation, trust, or association which is managed by one or more trustees or directors where the beneficial ownership is…

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EPISODE 3: Starting Your First Business in Texas – State and Federal Tax Obligations and the Upcoming FinCEN BOI Reports

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published December 26, 2022 Overview:   Legal Thoughts is an audiocast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, contract litigation, and immigration legal matters. This episode of Legal Thoughts is an audiocast…

UNITED STATES DESIGNATION OF ETHIOPIA FOR TEMPORARY PROTECTED STATUS

By:  Coleman Jackson, Attorney December 24, 2022 FIRST LET US TALK ABOUT TEMPORARY PROTECTED STATUS IN GENERAL TERMS: Temporary Protected Status (TPS) was established by U.S. Congress in 1990. Congress established TPS as part of the Immigration Act of 1990 to provide humanitarian relief to citizens of foreign countries whose countries were suffering from natural…

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Temporary Protected Status (TPS)

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published December 12, 2022 Overview: Legal Thoughts is an audiocast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, contract litigation, and immigration legal matters. This episode of Legal Thoughts is an audiocast…

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THE IRS COLLECTION PROCESS AND TAXPAYER’S OPTIONS

Coleman Jackson, P.C. | Transcript of Legal Thoughts LEGAL THOUGHTS:  THE IRS COLLECTION PROCESS AND TAXPAYER’S OPTIONS | Published November 28, 2022 Listen: Legal Thoughts is an audiocast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation, and immigration legal…

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How to Obtain an EB-3 Visa?

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published November 14, 2022 Overview: Legal Thoughts is an audiocast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, contract litigation, and immigration legal matters. This episode of Legal Thoughts is an audiocast…

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Taxpayer’s Responsibility to Substantiate the Numbers on Their Federal Tax Return

By Coleman Jackson, Attorney and Certified Public Accountant October 11, 2022 As a general rule a taxpayer is allowed a deduction for all ordinary and necessary expenses paid or incurred during the taxable year in carrying on a trade or business.  This basic tax rule is set forth in Internal Revenue Code Section 162.  The particular…

EPISODE 1: 2022 Inflation Reduction Act – Three Federal Tax Implications You Ought to Know About

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published October 31, 2022 Overview: Legal Thoughts is an audiocast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation, and immigration legal matters. This episode of Legal Thoughts is an audiocast where…

EPISODE 2: Starting your first business in Texas – Assumed names use in Texas

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published October 17, 2022 Overview: Legal Thoughts is an audiocast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation, and immigration legal matters. This episode of Legal Thoughts is an audiocast where…

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FBAR Filing Requirements & Penalties

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published October 3, 2022 Overview: Legal Thoughts is an audiocast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation, and immigration legal matters. This episode of Legal Thoughts is an audiocast where…

Misclassifying Gig Workers

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published September 5, 2022 Overview:   Legal Thoughts is an audiocast presentation by Coleman Jackson, P.C., a law firm based in Dallas, Texas serving individuals, businesses, and agencies from around the world in taxation, litigation, and immigration legal matters. This episode of Legal Thoughts is an audiocast where…

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EB-3 Visa For Skilled Workers, Unskilled Workers and Professional Workers

By:  Coleman Jackson, Attorney Date:  October 11, 2022 ELEGIBILITY SKILLED WORKERS PROFESSIONALS UNSKILLED WORKERS  Worker must have 2 years of job experience or training Worker must have US bachelor’s degree (or its foreign degree) related to the occupation Worker must be able to perform unskilled labor (less than 2 years of training or experience)  Not…