insurance premium

Texas Insurance Premium Tax: What Title Companies Need to Know

If you’re a title company operating in Texas, understanding the state’s insurance premium tax is critical to your business. But companies may not fully understand how far it reaches or who exactly is responsible. This 1.35% tax, enforced by the Texas Comptroller, applies to gross title insurance premiums on Texas properties and comes with specific rules about who must…

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How To Appeal a Property Tax Assessment in Texas

As a property owner in Texas, you’re likely aware that yearly property tax assessments can significantly affect your finances. But what can you do if you think the appraisal district has assessed your property too high? Luckily, Texas law allows you to contest that assessment.  In this guide, we will review the appeal process, deadlines,…

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Top Legal Issues to Check Before Buying Property in Texas

Purchasing commercial property in Texas can be an exciting investment, whether you’re starting a new business, expanding existing operations, or diversifying your real estate portfolio. However, before signing the dotted line, it’s essential to understand the legal landscape surrounding your potential investment. Failing to catch certain legal issues early can result in costly surprises later…

lawyer makes calculations of property taxes and eminent domain compensation

Tax Implications of Property Ownership and Eminent Domain in Texas

Owning property in Texas comes with many benefits, but also with complex legal and tax responsibilities. When that property is affected by eminent domain, those responsibilities shift, sometimes dramatically. Whether you’re facing a potential government taking or simply want to understand the implications, it’s important to know how both property ownership and eminent domain impact…

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Real Estate Partition: Tax Consequences and the Need for Asset Protection Planning

What is a Real Estate Partition Lawsuit in Texas? During major life transitions, such as the death of a family member, divorce, or breakup of a business, fear and uncertainty can drive joint property owners into rushed decisions that harm everyone involved. Heightened emotions can lead to disputes and ultimately, legal action. A common outcome…

Non-compete agreement

Understanding Non-Compete Agreements in Texas

Non-compete agreements are an increasingly valuable tool for businesses operating in competitive sectors such as technology, healthcare, finance, and professional services. In Texas, however, not all non-compete agreements are enforceable. To safeguard your company’s interests without violating the law, it’s crucial to understand the legal standards that govern these agreements. In the guide below, we…

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Navigating Offshore Asset Disclosure: A Guide for U.S. Taxpayers

As the global economy expands, numerous U.S. taxpayers have financial interests or assets located abroad. Whether it’s a Swiss bank account, real estate in Mexico, or investments in a foreign corporation, these offshore assets can provide growth and diversification opportunities. However, they also carry substantial reporting responsibilities. Failing to report these assets accurately can lead…

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Investor Visas Explained: E-1, E-2, and EB-5 Pathways

Investor visas offer foreign investors an excellent opportunity to establish businesses, generate employment, and positively impact the United States economy. The three primary options for investors include the E-1, E-2, and EB-5 Visas. Each of these visas has specific eligibility criteria, investment amounts, and advantages. However, it is important to understand the differences between these…

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Episode 1- Is There Any Tax Relief Available From Spousal Tax Debt

LEGAL THOUGHTS COLEMAN JACKSON, ATTORNEY & COUNSELOR AT LAW Published October 1st, 2024 Topic: ”Is There Any Tax Relief Available From Spousal Tax Debt” Attorney Coleman Jackson Welcome to Legal Thoughts my name is Coleman Jackson, and I am an attorney at Coleman Jackson, P.C., a taxation, litigation and immigration law firm based in Dallas,…

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The Nexus of Family Therapy, Counseling, and Estate Planning: Safeguarding Wealth and Wellbeing

9/24/2024 Therapy Works Counseling Services, PLLC 4645 Avon Ln Suite 120A Frisco, TX 75033 4054 Mckinney Ave suite 300 Dallas, TX 75204 629 W Centerville Rd Suite 209 Garland, , TX 75042 1101 suite B Bedford Rd, Bedford, TX 76022 (972) 695 3421  hola@therapyworkscounseling.com       In today’s rapidly evolving world, family dynamics play…

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Are Personal Injury Settlements Taxable?

9/17/2024   After suffering from an injury due to someone else’s negligence, winning a personal injury settlement can feel like a huge relief. You no longer have to worry about medical bills, lost wages, or other expenses incurred as part of your accident. However, it is important to be careful how you use your settlement…

Corporate Transparency Act: Steps to Meet Year-End BOIR Obligations Under the Corporate Transparency Act

Corporate Transparency Act:  Steps to Meet Year-End BOIR Obligations Under the Corporate Transparency Act By:  Coleman Jackson, Attorney Date:  August 8, 2024   Existing companies that have not yet filed their BOIR (Beneficial Ownership Information Report) with the Financial Crimes Enforcement Network (FinCEN) should take the following steps as soon as possible to prepare to…