Monthly Archives: January 2025
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 »