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The Deadline for Employers and Other Payors for Sending Forms W-2, 1099-NEC and 1099 MISC is Approaching Fast! Penalties for Failure to Meet the January 31, 2022 Deadline Without Reasonable Cause Are Drastic!

By:  Coleman Jackson, Attorney & Certified Public Accountant January 7, 2022  The Law:  Treasury Regulation Section 1.6041(a): The federal income tax regulations require that anyone engaged in a trade or business must report compensation paid on Form 1096, Annual Summary and Transmittal of U.S. Information Returns and Form 1099 for non-employee compensation over $ 600…

Humanitarian Visa: Asylum

By Coleman Jackson, Attorney & Counselor at Law November 29, 2021 Every year people come to the United States seeking protection because they have suffered persecution or fear that they will suffer persecution in their home country due to race, religion, nationality, membership in a particular social group, and political opinion. There are many reasons…

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Strategies for Responding to Bid Protests in Government Contracting

By: Coleman Jackson, Attorney & CPA October 20, 2021 Suppose your company is an unsuccessful bidder for a government contract or has won an award, and an unsuccessful bidder is protesting your prize. In that case, it is essential to defend your rights vigorously. In the federal market, bid protests are an integral oversight mechanism,…

Regulation of Paid Tax Preparers Likely Coming Soon – Law Watch

Coleman Jackson, P.C. | Law Watch Transcript 09.10.2021 Welcome to Law Watch My name is Reyna and I am the legal assistant here at Coleman Jackson PC a tax, litigation, and immigration law firm based in Dallas Texas. Our topic today is “Regulation of Paid Tax Preparers Likely Coming Soon”. This presentation is word for…

Economic Impact Payments and other Tax Benefits for those Experiencing Homelessness | Legal Thoughts

Coleman Jackson, P.C. | Transcript of Legal Thoughts Podcast Published June 28 ,2021 Legal Thoughts is an audio cast 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 audio cast…

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IRS Cautions Taxpayers About Fake Charities and Scammers Targeting Immigrants

By Coleman Jackson, Attorney & Counselor and CPA August 01, 2021 The IRS continues to observe criminals using a variety of scams that target honest taxpayers. In some cases, these scams will trick taxpayers into doing something illegal or that ultimately causes them financial harm. In this blog we will discuss about Fake Charities and…

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Reporting Foreign Bank and Financial Accounts | LEGAL THOUGHTS

Coleman Jackson, P.C. | Transcript of Legal Thoughts Podcast Published June 14 ,2021 LISTEN: Legal Thoughts is a podcast 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 particular episode of Legal Thoughts is a…

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Cash Intensive Businesses Need Good Internal Controls to Substantiate Business Activity

By Coleman Jackson, Attorney & Counselor and CPA July 17, 2021 Operating a business enterprise with cash can be an IRS audit flag because businesses operating in cash are susceptible to fraudulent financial transactions.  However certain business operations handle a lot of cash in their normal operations.  These businesses are classified in tax parlance as…

United States Temporary Protected Status designation for Venezuelans residing in the United States on March 8, 2021 | LEGAL THOUGHTS

Coleman Jackson, P.C. | Transcript of Legal Thoughts Podcast Published April 26,2021. Legal Thoughts is a podcast 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 particular episode of Legal Thoughts is a podcast where…

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Overview of the Real ID Act of 2005 and how it impacts all Americans, including undocumented immigrants and other immigrants residing in the United States | LEGAL THOUGHTS

Coleman Jackson, P.C. | Transcript of Legal Thoughts Podcast Published May 10,2021. Legal Thoughts is a podcast 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 particular episode of Legal Thoughts is a podcast where…