What are the opening hours?

Monday 8am - 5pm Tuesday 8am - 5pm Wednesday 8am - 5pm Thursday 8am - 5pm Friday 8am - 5pm

Timothy, DeVolt and Company, P.C.

Home
United States
Farmers Branch, TX
Timothy, DeVolt and Company, P.C.

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Timothy, DeVolt and Company, P.C., 5525 N MacArthur Boulevard Ste 940, Farmers Branch, TX.

09/24/2025

Generally, if you're over age 59½, withdrawals of Roth IRA earnings are tax-free. But there’s one more requirement: Your Roth must have been open at least 5 years. The countdown clock starts on Jan. 1 of the year you made your very first Roth IRA contribution; it doesn’t apply to each contribution separately. Have questions? Let’s talk before you launch any Roth IRA withdrawals. Contact us at (972) 980-4315.

09/23/2025

Worried about market volatility and losses in your portfolio? Remember, losses aren’t truly losses until they’re realized; in other words, until you sell an investment for less than what you paid for it. If you hold on to the investment, it might recover. But if you do decide to sell, know that realized losses have a silver lining: They can offset realized capital gains. So if you’re sitting on appreciated assets, this could help you divest tax efficiently. Call us at (972) 980-4315 for more information. (Also, keep in mind that there are important factors to consider besides taxes.)

09/22/2025

We offer business tax services, including strategy, compliance and return preparation. From quarterly filings to year-end planning, we help minimize liabilities and maximize tax breaks — so you can stay focused on growing your business. Whether you’re a sole proprietor, C corporation, S corporation, partnership or LLC, let us simplify taxes for you. Contact us at (972) 980-4315.

09/19/2025

What does it mean if you receive a CP24 notice from the IRS? Don’t panic. It’s probably not bad news. The IRS sends this notice when the amount of tax paid on a taxpayer’s return doesn’t match its records of estimated tax payments posted. A CP24 generally will inform you that the IRS has corrected your return and will be refunding the overpaid balance, usually in four to six weeks. If you already qualify for a refund and haven’t yet received it, the overpayment will likely be added to your refund. However, if you owe other tax, the IRS will apply the balance to that debt first. Contact us at (972) 980-4315 with questions and to help avoid errors in the future.

09/17/2025

Running a business is complex. We can make it simpler. Our team offers full-service accounting, bookkeeping, tax and advisory services tailored to your business goals. Whether you're launching a startup or scaling an established company, we can help you plan strategically. Contact us at (972) 980-4315 to learn how we can be a partner in your success and provide you financial peace of mind.

09/16/2025

Thinking about what you’ll do with your business when you’re ready to move on to something else or retire? Common exit strategies include buy-sell agreements, family succession, management buyouts, employee stock ownership plans and sales to outside buyers. Each has unique benefits and tax implications. But to be successful, all require planning well in advance of your target exit date. Call us at (972) 980-4315 to start discussing the best strategy for achieving your goals.

09/15/2025

If you’ve received a large inheritance, it may be tempting to view it as “found money” that can be spent freely. But it’s in your best interest not to make quick purchases or financial commitments. Wait until you know what your net proceeds from the estate will be. Once all fees and taxes are accounted for, the final settlement may be less than you expect. What if you’re receiving your inheritance through a trust? Learn the trust’s terms and understand the timing and amount of distributions and any conditions that must be satisfied to receive them. Contact us at (972) 980-4315 for assistance.

09/12/2025

If you’ve recently sold your home and realized a capital gain, you may be able to exclude some or all of the gain from the sale. To claim the exclusion, you must pass IRS ownership and use tests. During a five-year period ending on the date of sale, you must have owned the home and lived in it for at least two years. If qualified, you may be able to exclude a capital gain of up to $250,000 from your income ($500,000 for married joint filers). Be aware that the exclusion is available only for your main home (not a second home). If you realized a loss on the sale, it’s not deductible. For more information from the IRS: https://bit.ly/3GCMQqz or contact us at (972) 980-4315 with questions.

09/10/2025

Supporting your favorite charities in 2025? Track and document your donations as you make them so you're not scrambling at tax time. But charitable deductions might not provide the tax savings you expect because of the various rules and limits that apply. Contact us at (972) 980-4315. We can help you assess the potential tax benefits in your particular situation.

09/09/2025

Worried about taxes during retirement? Roth IRAs offer tax-free retirement income. But there’s a current tax cost to this future benefit: Contributions aren’t deductible. Also, the annual contribution limits are relatively modest, and your maximum contribution might be reduced or eliminated based on your income. Nevertheless, the Roth IRA’s tax-free growth potential can be a powerful wealth-building tool. And annual Roth IRA contributions aren’t the only way to take advantage of this potential. Call us at (972) 980-4315 to discuss how a Roth account might fit into your strategy.

09/08/2025

Expense reporting isn’t just paperwork; it’s key to controlling costs, ensuring accuracy and preventing fraud. Follow these six best practices for reimbursable expenses. Need help setting up your expense reporting system? Let’s talk. Contact us at (972) 980-4315.

09/05/2025

As you likely know, marital status affects many federal tax filing requirements, including your standard deduction, credit eligibility and tax owed. However, you may not know that informally separated couples are considered married by the IRS. Unless you became divorced or legally separated by Dec. 31, you must file as married filing jointly or married filing separately for the tax year. If, on the other hand, you finalized a divorce or legal separation during the year, you should file as single or head of household (if eligible) for the entire year. Annulments may be subject to different filing rules. Contact us at (972) 980-4315 with questions about your situation.

Address

5525 N MacArthur Boulevard Ste 940
Farmers Branch, TX
75038

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Telephone

+19729804315

Website

http://timothydevolt.com/

Alerts

Be the first to know and let us send you an email when Timothy, DeVolt and Company, P.C. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Practice

Send a message to Timothy, DeVolt and Company, P.C.:

Shortcuts

Address
Telephone
Opening Hours
Alerts
Contact The Practice
Claim ownership or report listing

Featured

Psych Dimensions

Want your practice to be the top-listed Clinic in Farmers Branch?