IRS Gives Extra Time to File and Pay Taxes for Houston Area Residents (2019 Version)

The IRS is providing flood relief to Houston area taxpayers impacted by Tropical Storm Imelda. The relief applies to taxpayers in Harris, Chambers, Jefferson, Liberty, Montgomery and Orange Counties. Taxpayers in the affected area have until January 31, 2020 to file business and personal tax returns and make tax payments. … Read more »

New for 2018 – Changes to Itemized Tax Deductions for Individuals

The Tax Cuts and Jobs Act, which became law last year, is just beginning to affect taxpayers with the filing of 2018 tax returns, and many may be pleasantly surprised at the impact these changes will have.  Our limited experience thus far suggests that for many taxpayers, these changes may … Read more »

Larry Maddox interviewed for WSJ Article – How A Trust Can Cut Taxes

Larry Maddox, president of Horizon Advisors, was interviewed by Arden Dale for her Wall Street Journal article titled, “How A Trust Can Cut Taxes.” The article discusses steps that trusts can take to save money with the advent of higher taxes introduced in last year’s tax act.  In particular, trustees and financial advisers … Read more »