As the clock strikes midnight, Americans celebrate and scream “Happy New Year!”, but many of those same people wake up the next morning with the realization that January 1st means tax season is rapidly approaching. Tax filing season officially starts on January 23rd, and while there is ample time before….
Tag: tax law
Whether you are a Republican or a Democrat, one of the biggest concerns in today’s U.S. economy is our $19.4 trillion deficit. Both parties have a variety of ideas and theories regarding a solution to reduce the United States deficit. One of the most common theories, however, is the consideration….
What is The Work Opportunity Tax Credit (WOTC) and how can this benefit you as an employer? The WOTC is a Federal tax credit available to employers that hire and retain individuals from certain target groups that face difficulty finding employment. The WOTC is one of several workforce programs that….
Do you know your filing obligations if you have a foreign bank account? Most people don’t, and we are here to help! The law of the land has always obligated United States citizens and residents to declare and pay tax on their worldwide income, regardless of where those earnings originated. ….
S-Corporations offer unique income tax advantages relative to otherwise identical C-Corporations. The two primary income tax advantages include avoidance of the dividend tax and the ability to utilize undistributed profit to step-up an investor’s income tax basis. These two income tax benefits can result in substantial cash flow savings at….
The divorce process is a very emotional time for both parties involved and oftentimes can lead to doubts regarding the integrity of your spouse. Hidden assets are a very common concern among individuals who are going through a divorce. Usually, the spouse who had very limited and/or no previous knowledge….
South Florida Legal Guide outlines the key role litigation support professionals play in determining the outcomes of major cases and transactions. The magazine profiles how four of South Florida’s Top Litigation Support firms are assisting clients with forensic accounting, valuations, tax advice, asset tracing, expert witness and other services. Moore,….
According to the Internal Revenue Service (IRS), all taxpayers who filed federal income tax returns last year from Florida, Georgia, and District of Columbia are now eligible to obtain an identity protection pin (IP PIN) to help protect from tax-related identity theft. Stopping identity theft and refund fraud is a….
EXPIRE Act The Senate has proposed a bill that includes several tax law changes and extensions that could take effect for the 2014-2015 tax years. The bill is called the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act. A few highlights of the bill include the following provisions: Individual Provisions….