Blog Posts in 2010

All Posts
  • Tax Filings Delayed for Many Floridians
    Tax Filings Delayed for Many Floridians

    As with every tax season, this year's tax season comes with both its good and bad. While the tax deadline was extended to April 18, 2011, some taxpayers must wait until mid to late February to file ...

    Read More
  • Do Not Lose Your Florida Homestead Exemption
    Do Not Lose Your Florida Homestead Exemption

    Every person who owns and resides on real property in Florida on January 1 and makes the property their permanent residence is eligible to receive a homestead exemption up to $50,000. The first ...

    Read More
  • Be Careful of the Risks of Making Foreign Investments: Basic Overview of the Passive Foreign Investment Company (PFIC) Rules
    Be Careful of the Risks of Making Foreign Investments: Basic Overview of the Passive Foreign Investment Company (PFIC) Rules

    The Internal Revenue Service developed and enforces rules designed to discourage U.S. investors from deferring tax on investment income by holding passive investments through non-U.S. companies that ...

    Read More
  • Can the IRS Potentially Consider Your Florida Debt Forgiveness Income?
    Can the IRS Potentially Consider Your Florida Debt Forgiveness Income?

    Has your Florida debt been forgiven? Don't be surprised if the IRS considers this income! Historically, any discharge of indebtedness or other relief from debt is taxable as income under the Internal ...

    Read More
  • Taxpayers Beware! The IRS Does Not Send Emails
    Taxpayers Beware! The IRS Does Not Send Emails

    Taxpayers beware! Do not open or respond to any emails purporting to be from the IRS. It is important to know, the IRS never uses e-mail to contact taxpayers about their tax issues . Therefore any ...

    Read More
  • Discharge of IRS Tax Liens In Connection With A Florida Short Sale Part III
    Discharge of IRS Tax Liens In Connection With A Florida Short Sale Part III

    If the taxpayer applies under IRC Section 6325(b)(2)(B ), there will be a determination of the amount required for a discharge or a determination that the tax lien is valueless within 30 days from the ...

    Read More