Back Taxes – Laredo, Texas Solutions From Joe Mastriano, CPA
Back Taxes Laredo TX Solutions
Laredo, Texas residents, do you owe money on any unfiled delinquent returns or back tax returns that you cannot fully pay when you send in the returns? Do you need help with back taxes? Are you seeking tax relief? You may be able to set up an installment agreement with the IRS to settle your back tax debt. Our firm offers legal advice to residents of Laredo, Texas concerning back taxes and the IRS. If you cannot afford to make any payments due to extreme financial hardship then you can consider an Offer in Compromise or filing Bankruptcy as a solution. Call us today to discuss your options for back tax help! (713) 774 4467
First established in 1755, Laredo grew from a small villa to the onetime capital of the defunct Republic of the Rio Grande. During and after the Texas Revolution, many residents of Laredo continued to consider themselves citizens of the Mexican state of Tamaulipas, and when Laredo became the county seat for newly established Webb County in 1848, the establishment of the Rio Grande as the international boundary divided the town, many of whose residents had homes and ranchos on the other side of the border. A number of families who did not wish to live under the American flag chose to move across the river to what became the Mexican village of Nuevo Laredo, Tamaulipas. Incorporated in 1852, Laredo continued to grow during the latter part of the 19th century, stimulated by the railroads and nearby coal mining. The Laredo economy was further boosted by rich oil and gas finds in the area during the early 1900s. By the early 1990s, the city had become one of the Texas’ most active centers for import and export trade with Mexico. The passage of the North American Free Trade Agreement (NAFTA) cemented Laredo’s position at the forefront of social and economic activity along the border.
Laredo has had positive job market growth since the mid-1990s, setbacks in the Mining (oil/gas) industry shifted a few thousand workers to other industries such as international trade and construction. Many large employers in the oil and gas industries shut down operations in Laredo and across Texas and shifted to foreign countries. The same effect occurred in the garment industry (Levis and Haggar) along the Texas border area, but Laredo experienced the closing of the one and only garment-producing company (Barry) of about 300 workers. Laredo’s strong job growth rate in retail and transportation services limited the adverse effects of long-term unemployment in the few massive layoffs of the late 1990s. Laredo’s vulnerability continue to exist in international trade due to unforeseen changes to Mexico’s economy, immigration laws (along with daily border crossings: shoppers and commercial trade) and terrorism as the result of September 11.