Capital gains: No individual income tax.
The Texas tax resolution firm said it is offering representation for IRS collections, wage garnishments, bank levies, unfiled returns, and certain state tax matters for individuals and small business owners.
A new look at the Texas Senate race shows sharply different tax agendas, from new household deductions under Ken Paxton to higher taxes on billionaires and corporations under James Talarico.
SpaceX priced the largest IPO in history at $135 a share, but the flat 22% withholding on employee RSUs falls well short of what many will actually owe.
The IRS said 27 states have elected into the new Section 25F credit for gifts to scholarship granting organizations, a dollar-for-dollar option that compares favorably with a normal charitable deduction.
In Estate of Fields, the court upheld a $1.8 million estate tax deficiency and a negligence penalty, finding a Texas family limited partnership had no real purpose beyond an estate tax discount.
A Fifth Circuit ruling says state-law limited partners can skip self-employment tax on their share of the business even if they help run it, reversing an IRS test used in Texas, Louisiana and Mississippi.
Shareholders backed a 12-tranche restricted stock grant worth up to $1 trillion. The tax mechanics behind it apply, at smaller scale, to every executive holding performance shares.
Two amendments passed on November 4, 2025 bar Texas from ever taxing capital gains, estates, inheritances or gifts, a permanent guardrail high earners weighing a move should understand.