By: Coleman Jackson, Attorney & Certified Public Accountant April 26, 2023 So many Americans died during the Covid-19 Pandemic! Many families learned during this period of hardship and lost that estate planning and asset protection is not merely for the powerful and well-to-do but is for everyone. You see, we are not born to stay…
FACTS MATTER! TAXPAYERS CAN WIN WILLFUL FAILURE TO FILE FBAR CASES IN COURT! By Coleman Jackson, Attorney, CPA March 16, 2023 Under United States law an annual reporting and disclosure responsibility is placed on any United States person with any financial interest in or signatory authority over, a bank, brokerage, stock, or any other financial…
THE U.S. SUPREME COURT OPINED THAT THE REPORT OF FOREIGN BANK AND FINANCIAL ACCOUNTS MAXIMUM NONWILLFUL VIOLATION PENALTY IS $10,000 PER FBAR NOT PER ACCOUNT By: Coleman Jackson, Attorney & Certified Public Accountant March 6, 2023 The Bank Secrecy Act (BSA) and its implementing regulations require certain individuals to file annual reports with the federal…
Coleman Jackson, P.C. | Transcript of Legal Thoughts LEGAL THOUGHTS SERIES: LITIGATION IN TEXAS EPISODE 1: LITIGATING YOUR CASE IN TEXAS 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 matters….
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…
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…
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…
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…
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…
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…
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…
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…
Whether you’re a small or medium-sized business owner seeking tax or business representation, or an individual seeking immigration assistance, we are ready to provide vigorous and compassionate legal support. Reach out to Coleman Jackson, P.C. today to discuss how we can help you.