Tag Archives: Florida Tax Lawyer
Maximize Tax Savings with Charitable Giving
Although most taxpayers are generally aware that they can save money during tax season through charitable giving, few are aware of just how many charity-related deduction options are available to taxpayers. For example, taxpayers who donate money or goods to a tax-exempt charity before December 31 can deduct the amount donated on this year’s… Read More »
Common Tax Season Myths
In an effort to dispel some of the confusion that abounds during tax season, the IRS released a publication exposing the most commonly spread false tax and refund-related information. If you have unfiled taxes, have not received your refund, owe the IRS a substantial tax debt, or have another tax question, it is critical… Read More »
Safe Harbor Methods for Calculating Property Loss Tax Deductions
Recently, the IRS announced that it would be taking further steps to aid hurricane victims by providing safe harbors methods that taxpayers can use to calculate their hurricane-related casualty and theft losses. There are a variety of methods that can be used in making this determination, so if your home recently sustained damage in… Read More »
Preparing for Tax Season
Tax season will officially begin on January 29, when the IRS starts accepting tax returns. This year, taxpayers will also have an additional two days to submit their tax returns, which will be due by April 17. Although the IRS will technically start accepting returns at the end of the month, paper returns will… Read More »
Tax Deductions for Teachers
Although taxes may not be on the minds of most teachers and administrators this early in the school year, knowing which expenses to keep track of can actually end up saving them a significant amount of money when tax season does roll around. In fact, there are a number of major work-related tax deductions… Read More »
How to Relieve Yourself From Your Partner’s Tax Liability
When spouses choose to file their tax return jointly, they are essentially acknowledging that they will take care of the full amount of tax liability together, which includes paying any fines for mistakes or late filing. Fortunately, it is possible to relieve yourself of your partner’s tax liabilities in certain situations, so if you… Read More »
Reviewing Your Tax Withholding
A few weeks ago, the Internal Revenue Service (IRS) published a letter, urging taxpayers to check their tax withholding to ensure that the correct amount of federal income tax is being taken from their paychecks. According to the IRS, taking this step could affect potential refunds or the amount of taxes owed in 2018…. Read More »
Filing a Sales Tax Protest
Florida business owners are required to collect sales tax for specific items or services and then remit those taxes to the state. A failure to turn over the appropriate amount can lead to serious criminal charges resulting in jail time and hefty fines. Fortunately, it is possible to protest an audit or assessment of… Read More »
Homeowner Tax Deductions
Although most people do not associate homeownership with tax breaks, the reality is that many Florida homeowners have access to tax deductions that are not available to others. To learn more about possible deductions, please contact an experienced tax attorney who can walk you through your options. Mortgage Interest Deductions Mortgage interest deductions… 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 »
