EPISODE 1: Starting your first business in Texas | Legal Thoughts

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published August 08, 2022 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 the…

The Heavy Highway Vehicle Use Tax – Upcoming Deadline August 31, 2022 | Legal Thoughts

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published August 15, 2022 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 the…

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Federal Tax Obligations of Gig Workers | Legal Thoughts

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published July 25, 2021 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 the…

Pandemic-Related Changes to the Child Tax Credit That Are Likely to End | Legal Thoughts

Coleman Jackson, P.C. | Transcript of Legal Thoughts Published June 27, 2022 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 the…

Gains from Sale Or Exchange of a Residence are Sometimes Taxable

 By:  Coleman Jackson, Attorney & Certified Public Accountant June 12, 2022 The residential real estate market has been hotter than a Texas Summer for more than three years now.  Principal residences have been flying off the shelf for just as long throughout Texas and practically everywhere else in the United States. First time home buyers,…

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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…

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…