April 2018
DENTON
Business
CHRONICLE
www.dentonbusinesschronicle.com
Family fare
Denton cook ventures out on his own with Taqueria Miguelitos By Dalton LaFerney
A
For the Denton Record-Chronicle
t Taqueria Miguelitos, there are no cookbooks. “It’s all up here,” Miguel Hernandez says, tapping his forehead. With a core staff made up of his family, Hernandez is serving up popular Mexican dishes made with chicken, steak, carnitas, chicharron, nopales, lengua and barbacoa. They have tortas, flautas, fajitas, burritos, menudo, pozole and elotes. Since opening about three weeks ago, the carne asada meal — a three-taco plate with rice and beans — and chile rellenos have been among the most popular picks. Diners can get a Mexican breakfast all day long — open 8 a.m. to 10 p.m. MIGUELITOS | CONTINUED ON PAGE 4
Owner Miguel Hernandez prepares a cut of beef Monday at Taqueria Miguelitos in Denton. Jake King
What really happens if your taxes aren’t paid By Tina Orem | NerdWallet
This time of year, many people get Cinderella complexes and worry their financial lives will unravel if they don’t pay their tax bill by the stroke of midnight on April 17. But will the IRS really turn your assets into pumpkins if you didn’t meet the deadline? Though the timeline varies (things can happen faster or slower, depending on the situation), here’s how tax pros say things often play out.
Immediately
By Dalton LaFerney | For the DRC Denton Grille Bistro has started its soft opening this month at 209 W. Hickory St. The new eatery replaces Boardwalk Cafe, which closed. Denton Grille serves American as well as Pakistani dishes. A dive bar called Dirty Dick’s opened at 109 Ave. A in the Fry
Street area. The bar has a pool table and darts on the second floor. It’s in the previous site of the Library Bar. Advantage Hail Repair is now open at 2401 Worthington Drive. The repair shop will take a look at your cracked windshields and dented hoods following those damaging hail storms. UPDATE | CONTINUED ON PAGE 4
Interest and penalties start. If you don’t pay your tax bill in full by April 17, the IRS will charge interest on whatever amount is outstanding. The annual interest rate is usually about 5 percent. The IRS may also sock you with a late-payment penalty of 0.5 percent per month, with a maximum penalty of 25 percent.
One to three months
Notices start to arrive. “You’ll
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To avoid stress and IRS penalties, pay your taxes on time. get a letter noting that there’s a balance due,” says Sal Curcuru, a CPA in Farmington Hills, Michigan. You may get more than one letter, and the tone will gradually get more severe, he says.
Two to six months
Tax liens and collection calls
may happen. A tax lien is a legal claim against property and financial assets you own or may have coming to you. It’s not a seizure of your assets, but it is a claim on them. If you sell the asset, the government could be entitled to some or all of the proceeds. TAXES | CONTINUED ON PAGE 4