Recent Blog Posts
Do I Need A Tax Transcript?
Taxpayers who need to verify their identity or provide proof of income could benefit from a tax transcript, which shows a wide range of tax-related information. The type of transcript that a person needs, however, will depend on the exact information he or she is looking for, so if you need help accessing your… Read More »
Recent Changes To Retirement Plan Distribution Rules
Under the federal tax code, retirement plan account owners are usually required to begin taking required minimum distributions (RMDs) when they turn 70 and one-half or 72 years old, depending on their birth date and when they retired. Not all retirement plans require RMDs, but many do, including traditional employee pensions and 401(k) plans…. Read More »
Tips For Avoiding An IRS Tax Audit
Tax audits can be time-consuming and stressful, so it’s in most of our best interests to avoid them when possible. Although there’s no way to guarantee that you won’t be audited, taking certain simple steps can significantly reduce your odds of review. If, however, you have already received notice of an impending audit, you… Read More »
New Bills Would Require Remote Sellers To Collect Florida Sales Tax
Late last year, Florida lawmakers introduced two new bills that, if passed, would require remote sellers and marketplace providers to collect sales tax from their in-state customers. Currently, Florida is one of only two states that has not yet implemented this type of system. In fact, the Florida Legislature considered and failed to pass… Read More »
Self-Employed Individuals May Qualify For New Sick And Family Leave Tax Credits
Filing taxes can be complicated, especially for self-employed individuals, who may not be aware of what types of credits and deductions they qualify for. This is where an experienced Florida tax return preparation lawyer can make all the difference, so if you have questions about how to claim a tax credit, don’t hesitate to… Read More »
Am I Eligible For A Payment Plan?
Taxpayers who are unable to pay what they owe to the IRS in a single payment, often have the option of applying for a payment plan, which allows taxpayers to pay off their balance over time. Which of these payment options is available to a taxpayer will depend on his or her specific situation,… Read More »
Have You Been Contacted by a Private Debt Collector About Your Taxes?
In 2017, the IRS began using private debt collectors to recover certain overdue federal debts from taxpayers. There are, however, only a few debt collectors that are actually allowed to collect debts on behalf of the federal government and those that are permitted to do so are required to comply with a strict set… Read More »
Tips for Small Businesses When Filing Employment Tax Returns
There are two forms commonly used by small businesses when filing employment tax returns, one of which requires the payment of employment taxes on a quarterly basis, while the other involves payment once a year. The two forms aren’t interchangeable and taxpayers should be sure to always file according to their designated requirement, or… Read More »
Challenging the IRS
Taxpayers have a number of different rights when it comes to dealing with the IRS, one of which is the right to challenge the agency’s decisions. This right can prove crucial in helping taxpayers avoid unfair decisions and penalties. How a person goes about exercising this right, however, may vary depending on his or… Read More »
Tax Filing Season Begins in February
For most of us, it seemed like 2021 couldn’t come soon enough. However, with the new year come additional hurdles, including tax season, which officially starts February 12th, when the IRS will begin accepting and processing 2020 tax returns. While tax season typically begins in late January, this year, the IRS has decided to… Read More »
