How Dallas/Fort Worth Taxpayers Can Support The Alabama Disaster Relief Effort

The college hoops brackets are set, and the madness begins. And, per the American Gaming Association, 47 million of us will be wagering $8.5 BILLION on this event. Which, of course, means that my mind immediately goes here. You see, we’ve already been knee-deep in our own version of March madness over here at Team Timothy A. Phillips, CPA, PC, … Read More

Timothy PhillipsHow Dallas/Fort Worth Taxpayers Can Support The Alabama Disaster Relief Effort

Spending Money From Tax Refunds Wisely By Timothy Phillips

Just about one month left before the tax deadline. As the parents say, the days are long, but the months are fast. And as we tax pros say, the days are long, and the days are long. But that’s simply because we’ve been getting to do some meaty, fun tax preparation work for our Dallas/Fort Worth clients. Already, we have … Read More

Timothy PhillipsSpending Money From Tax Refunds Wisely By Timothy Phillips

Timothy Phillips’ Three Big Tax Scams And How To Beware

Now we’re cooking with gas. After weeks of reports that refunds were down, last week’s data from the IRS shows a new trend. Although overall quantity of refunds are down, now the average refund is up 1.9%. After so many headlines to the contrary, I suppose that qualifies as good, national tax news. But here is the thing to remember … Read More

Timothy PhillipsTimothy Phillips’ Three Big Tax Scams And How To Beware

IRS Form 4852: Timothy A. Phillips, CPA, PC Explains the Substitute for the W-2

Word on the tax professional “street” is that tax filing numbers are down across the board so far. That is from data released by software providers (though this year, of all years, I simply don’t understand why somebody would use software), as well as overall numbers from the IRS, AND those who are using a professional. It seems that many … Read More

Timothy PhillipsIRS Form 4852: Timothy A. Phillips, CPA, PC Explains the Substitute for the W-2

Timothy Phillips’ Second Key To Wealth Building

Believe it or not, we have less than two months before federal taxes are due. Yikes. We have been meeting with so many Dallas/Fort Worth clients (including a fair number of new ones, thanks to YOUR referrals — keep them coming!), finding so many wonderful ways to help people save on their taxes, that it hardly seems possible that there … Read More

Timothy PhillipsTimothy Phillips’ Second Key To Wealth Building

Timothy Phillips’ First Key To Building Wealth

Not only are we entering into the thick of tax season, but based on our political situation, we could be staring at another federal government shutdown on Friday. Which means, well … we don’t know exactly what it will mean except that God bless you if you are trying to get help directly from the IRS these days. Not only … Read More

Timothy PhillipsTimothy Phillips’ First Key To Building Wealth

The Trump Shutdown Is Over And Tax Filing Season Has Begun For Dallas/Fort Worth Taxpayers

Politics aside, I think we can all breathe just a little easier knowing that the federal government is no longer in shutdown mode. And on top of that, this morning, as I write, the IRS has begun accepting filed tax returns. Which means, well … it’s about to get real. Now, leaving aside the fact that the IRS will probably … Read More

Timothy PhillipsThe Trump Shutdown Is Over And Tax Filing Season Has Begun For Dallas/Fort Worth Taxpayers

There are so many advantages for those who file taxes early in tax season. Here are the top four reasons to get your documents together as soon as possible.

As of this writing, the federal government is STILL in its partial shutdown. And 800,000+ people are affected — including a whole slew of IRS workers who have been called in, regardless of paychecks, because come Trump or high water: tax filing will indeed begin on January 28th, 2019. So, we’re still buckling up around here, and meeting with Dallas/Fort … Read More

Timothy PhillipsThere are so many advantages for those who file taxes early in tax season. Here are the top four reasons to get your documents together as soon as possible.

Understanding Your Dallas/Fort Worth Airbnb And Taxes

As of this writing, the federal government is still in a “partial shutdown”, and things are starting to fray around the edges, even for those whose paychecks aren’t being affected. Already, it’s the longest in history. Which, for a media starving for any kind of controversy … well, no doubt you’ve already heard about it. Who knows … by the … Read More

Timothy PhillipsUnderstanding Your Dallas/Fort Worth Airbnb And Taxes

What Do I Need To File My Taxes For 2019? Here’s Timothy Phillips’ Checklist

Oh, you thought that calendar on your phone was accurate, did you? You thought 2018 was DONE WITH. OVER. (Hurrah)? Whoops. The fact is that over the following weeks and months, you will be reliving all of your financial decisions from 2018 while we put together your tax return. We can’t go back and undo any bad decisions, but we … Read More

Timothy PhillipsWhat Do I Need To File My Taxes For 2019? Here’s Timothy Phillips’ Checklist