Category Archives: Tax IRS
IRS Audits on Rental and Investment Property: What Florida Property Owners Need to Know
An IRS letter about your rental house or beach condo can make your stomach drop. You may start wondering what you did wrong and how much it could cost. An audit is not an accusation, and you have legal rights. Our experienced Florida tax and IRS attorney explains why real estate draws IRS attention… Read More »
Cryptocurrency Investing: What Florida Taxpayers Need to Report to the IRS
For many Floridians, and people across the country, cryptocurrency has become a mainstream investment. While it can pay significant dividends, it also carries federal tax obligations, which catch many investors off guard. If you bought, sold, traded, or earned crypto at any point during the year, you need to report it to the Internal… Read More »
Foreign Bank Accounts and FBAR Filing Requirements: What Florida Taxpayers Need to Know
The Sunshine State has one of the most internationally connected populations in the country, with large communities of residents who maintain financial ties abroad. If you have accounts at foreign financial institutions, federal law may require you to report them every year, regardless of whether you earned any income from them. Failing to meet… Read More »
Florida IRS Appeals: How the Process Works and What to Expect
If you have received an IRS audit result, a penalty assessment, or a collection action you believe is unfair or incorrect, you have the right to challenge it. In most cases, you can do so without ever setting foot in a courtroom. The IRS Independent Office of Appeals resolves the majority of tax disputes… Read More »
How Long Does the IRS Have to Audit Your Florida Tax Return?
Most Florida residents file their federal tax return each year and promptly move on, assuming the Internal Revenue Service (IRS) has a short window to come back with questions. While that may be true in most cases, that window can stretch much longer, depending on your particular situation. Knowing how the audit timeline works… Read More »
IRS Saying You Underreported Income? Your Options as a Florida Taxpayer
Getting a notice from the Internal Revenue Service (IRS) saying your income doesn’t match what they have on file is unsettling. Your first reaction might be panic. Your second might be confusion. Either way, it is important to know that this kind of notice is common, and you have real options for responding. The… Read More »
What Happens to Your IRS Tax Debt When You File for Bankruptcy in Florida?
Florida residents struggling with tax debts often wonder whether bankruptcy is an option. The short answer is that it depends, and the details matter. It may help in some cases, but it’s far from a clean slate. Our experienced Florida tax and IRS attorney protects clients in this situation and explains what bankruptcy can… Read More »
Florida IRS Criminal Investigations: Common Triggers and Warning Signs To Be Alert For
While it’s not uncommon to face issues when dealing with the Internal Revenue Service (IRS), few cases come close to a criminal investigation. Most tax problems in Florida are civil matters handled without law enforcement involvement. However, some situations cross that line. Our Florida tax and IRS attorney has over 50 years of experience… Read More »
IRS Employment Tax Audits: Common Triggers and How to Protect Your Florida Business
Running a business means wearing many hats. Between managing employees, keeping clients happy, and protecting profits, payroll taxes may seem like just another box to check. But when something goes wrong, the Internal Revenue Service (IRS) doesn’t treat it as a minor oversight. In fact, it’s one of the most serious situations Florida business… Read More »
Payroll Tax Problems in Florida: What Business Owners Need to Know About IRS Trust Fund Penalties
Running a business in Florida means staying on top of a long list of financial obligations. Among the most serious requirements is the obligation to withhold payroll taxes and send them to the IRS on time. When that process breaks down, the consequences go far beyond a business-level fine. The IRS can pursue individual… Read More »
