Category Archives: Tax IRS
Do You Have To Pay Taxes On An Inherited Retirement Account? What Florida Beneficiaries Need to Know
Inheriting a retirement account from a loved one can be both a challenge and a blessing. The rules for inherited retirement accounts can be complex, and making the wrong move could lead to unnecessary tax burdens. Whether you’ve inherited a traditional IRA, 401(k), or Roth IRA, understanding how withdrawals are taxed can help you… Read More »
Tips From Our Florida Tax Attorney As Federal Filing Deadlines Approach
If you are among the many Florida residents who have yet to file their taxes, approaching tax deadlines may be causing you stress. Whether you are filing as an individual or a business owner, being aware of key deadlines, potential deductions, and common tax filing mistakes can help you avoid costly penalties. As a… Read More »
Five Common Tax Problems To Address At The Beginning Of A New Year
The beginning of a new year offers the chance for a fresh start. It is also the perfect time to organize your financial and tax matters. For many, unresolved tax problems create unnecessary stress and lead to costly penalties. Addressing issues early in the year sets you up for a less stressful tax season…. Read More »
Tax Implications of Relocating: If You Are New To Florida, Know What To Expect
Florida’s warm climate, vibrant culture, and reasonable cost of living drive thousands of people to move to the Sunshine State each year. Relocating also offers tax advantages and incentives for retirees and business owners. However, if you relocated over the past year, make sure you understand state tax laws and potential implications. Florida tax… Read More »
Cryptocurrency Taxes in Florida: What Investors Need To Know During Tax Season
Tax season is upon us and if you are one of the many people trading Bitcoin or other cryptocurrencies, understanding the tax implications is essential. Florida tax attorney Ronald Cutler is a certified public accountant and a former FBI special agent. He explains what you need to know about cryptocurrency during the 2024 tax… Read More »
How To Recognize Tax Scams This Tax Season
The 2025 federal tax season begins January 27th, and the Internal Revenue Service (IRS) promises historic improvements to make filing easier for taxpayers. However, they also want the public to be alert for scammers, who become increasingly active at this time of year. Florida tax attorney Ronald Cutler is a certified public accountant and… Read More »
IRS Warns Florida Taxpayers of Hurricane-Related Charity Scams
Hurricanes Helene and Milton have caused an estimated $50 billion in damage, leaving many Florida residents homeless. Since late September, thousands of charities have sprung up in the aftermath of these storms aiming to help victims by supplying them with shelter, food, clothing, and medical care. While many of these charities are legitimate, an… Read More »
IRS Deadline Looms For Resolving Problems With Employee Retention Credit Claims
The Employee Retention Credit (ERC) helped keep workers on the payroll during the COVID-19 pandemic. As lockdown forced businesses to close or drastically cut hours, it offered a 50 percent tax credit on up to $10,000 of employee wages per year, translating to $5,000 per worker. Many business owners benefited from the credit, but… Read More »
Tax Scams Target Florida Hurricane Victims
The 2024 Atlantic Hurricane Season has left a lasting impression on many Florida residents. Communities along the Gulf Coast were hit with drenching rain, heavy winds, and high storm surges, first from Hurricane Debby in August, then Helene in late September, followed by Hurricane Milton just two weeks later. As residents are busy making… Read More »
Small Business Owner? Pick The Right Florida Business Structure For Tax Planning Purposes
You may have long dreamed of starting a small business, but it takes more than just an entrepreneurial spirit. To be a successful Florida small business owner, you need an eye for detail and solid instincts to protect your profits. Picking the right business structure is the first step. As the end of the… Read More »
