Facing an IRS audit as an attorney can be daunting but fear not! Understanding the IRS Audit Technique Guide (ATG) is your secret weapon in navigating these waters. The IRS uses the ATG to assist them in auditing specific industries. Here’s your personalized roadmap on what to do if you find yourself under IRS scrutiny: Get Acquainted with the ATG: The ATG is your playbook—it outlines how the IRS dissects law Read More
Demystifying the Corporate Transparency Act: A Step Towards Enhanced Accountability
Introduction In an era where transparency and accountability are paramount, the United States government has taken a significant stride by enacting the Corporate Transparency Act (CTA). Signed into law in 2021, the CTA aims to combat money laundering, tax evasion, and other illicit financial activities by promoting corporate transparency. This article serves as a comprehensive guide, authored by a CPA/Attorney, to Read More
Attorney Lucy Petry Featured on CW39 Houston: How the CARES Act, Stimulus Check Will Impact You
Attorney Lucy Petry recently posted a video on Facebook answering the question that everyone seems to be asking: Will I Get a Stimulus Check? Petry discusses the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) how it affects individuals. On April 1st, the video was featured on CW39 Houston. You can read the full website feature here. Read More
VIDEO: Will I Get a Stimulus Check?
Attorney Lucy Petry explains the CARE Act and how it affects individuals. Read More
Lucy Petry of Petry Law Firm Visits Morning Dose to Share Key Tax Tips
Petry Law Firm is proud to share that Lucy Petry joined CW39 Houston's Morning Dose to share tax tips that all U.S. filers should know as well as ways to spot IRS scams and more. Read More
Attorney Petry featured on the Fox 26 Morning Show!
On February 26, Attorney and Professor at South Texas College of Law Houston, Lucy Petry, was featured on the Fox 26 Morning Show in Houston! Lucy discusses free tax return prep & e-filing through South Texas College of Law Houston. Read More
Lucy Petry Shares Tax Season Tips with CW39 Houston
Attorney Lucy Petry recently sat down with the Morning Dose of CW39 Houston to share practical tips and resources that taxpayers should be aware of before filing their taxes! Watch Lucy Petry on the Morning Dose: Read More
10 THINGS YOU CAN DO TO SAVE ON TAXES BEFORE THE END OF THE YEAR
Maximize your retirement contribution. If you have a 401K through your employer, contribute the most you can. At a minimum make your IRA contribution of $5,500 and unlike the 401K contribution, you have until April 15th to make this deposit. In most cases, these contributions reduce your taxable income and helps you prepare for retirement. Go to IRS.gov, to use their free “Withholding Calculator” to check that Read More
Tax Hacks: How to Reduce Your Business’s Tax Liabilities
Whether you’re looking to free up some money to market your business, plan for expansion, or put a little in your back pocket for a rainy day, there are plenty of smart ways for entrepreneurs and small business owners to save money. One way is to minimize your tax liabilities. Consider these tax tacks to make the most out of your business’ financial situation. 1) Choose the right business entity Don’t overlook Read More
Choices, Choices: Which Entity Is Right for Your Business?
When you’re starting a new business, it’s essential to choose the right business structure in order to meet your financial, operational, and aspirational goals. Let’s compare and contrast the different types of business entities and learn how they might work for you. Sole Proprietorship A sole proprietorship may be the simplest choice for a single business owner who wants to get started with a relatively easy Read More
