Monthly Archives: June 2017
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 »
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 »
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 »
