Tag Archives: Florida Tax Attorneys
What is an FBAR?
Earlier this year, the United States Department of Treasury announced that the date on which taxpayers must submit their Reports of Foreign Bank and Financial Accounts (FBAR) has changed. According to the new rules, the FBAR due date of April 15 will now coincide with tax season. However, the law also grants an automatic… Read More »
Meal and Entertainment Deductions
When tax season rolls around, it is important that business owners have a record of all deductible expenses, which includes the cost of meals and entertainment. Determining which expenses are deductible is difficult, so if you have questions about your own business-related expenses, it is important to speak with an experienced tax attorney who… Read More »
Is it Really the IRS Calling?
It is not uncommon for the IRS to contact taxpayers in an effort to clear up confusion about data entered on a tax return or to request additional information to verify a taxpayer’s identity. Unfortunately, it has also become increasingly common for people to impersonate IRS officials over the telephone or via email in… Read More »
Claiming the Home Office Deduction
In recognition of National Small Business Week, the IRS issued a statement reminding small business owners with home offices to consider claiming the home office deduction. Claiming these types of deductions can make a big difference for business owners, especially those who are just starting out, so if you are a Florida business owner… Read More »
IRS Launches New Debt Collection Program
This month, the Internal Revenue Service (IRS) will put its recently established debt collection program into practice. Under the new program, the IRS has begun to use private sector collection agencies to collect taxpayer debt. However, only certain agencies are permitted to collect debts on behalf of the IRS and must comply with a… Read More »
Assets Exempt from Tax Levies in Florida
The Internal Revenue Service (IRS) is notorious for using aggressive tactics to collect from debtors. For instance, the IRS often uses levies to collect from tax defaulters, which means that they essentially seize the taxpayer’s property. However, there are some assets on which the IRS cannot place a levy, so if you owe back… Read More »
The IRS Offshore Voluntary Disclosure Program
In 2009, the Internal Revenue Service (IRS) introduced a plan known as the Offshore Voluntary Disclosure Program (OVDP), which provides certain benefits to taxpayers who have undisclosed offshore accounts or assets. Under the terms of the program, taxpayers are encouraged to disclose foreign accounts and so avoid both criminal and civil prosecution. Applying for… Read More »
IRS Announces New Debt Collection Program
Recently, the Internal Revenue Service (IRS), announced that it will begin allowing private contractors to collect overdue federal tax debts starting in the spring of 2017. However, as a condition of receiving the contract, these agencies are required to respect taxpayer rights, including the protections offered by the Fair Debt Collection Practices Act. The… Read More »
Traveling Abroad With Tax Debt
Last year, Congress passed a new bill, H.R. 22, which limits a taxpayer’s ability to travel if he or she owes a certain amount of tax debt. This law could have a significant impact on a person’s business and personal life, so if you or a loved one owe a tax debt and need… Read More »
Removing a Tax Lien
When an individual owes back taxes, the Internal Revenue Service (IRS) can use a variety of methods to collect the funds, including tax liens. Tax liens can take a significant financial toll on a taxpayer who is attempting to repay a debt, so if the IRS has placed a tax lien on your assets,… Read More »
