Blog Posts in 2011

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  • Employee v. Independent Contractor? New IRS Program Can Help Floridians Decide
    Employee v. Independent Contractor? New IRS Program Can Help Floridians Decide

    The Internal Revenue Service (IRS) recently developed a new, optional program called the Voluntary Classification Settlement Program (VCSP) to allow taxpayers to voluntarily reclassify workers as ...

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  • IRS Launches New Voluntary Classification Settlement Program for Worker Classification
    IRS Launches New Voluntary Classification Settlement Program for Worker Classification

    Worker classification issues have been the focus of an increasing amount of attention from the IRS within recent months. While these issues have been around for decades, the attention they receive has ...

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  • Hurricane Causes the IRS to Extend the 2011 OVDI Filing Deadline
    Hurricane Causes the IRS to Extend the 2011 OVDI Filing Deadline

    Due to the destruction, Hurricane Irene left in her path, the IRS recently announced that it has postponed the deadline for its 2011 Offshore Voluntary Disclosure Initiative (OVDI) to September 9, ...

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  • What Are The Reporting Requirements If You Have A Foreign Bank Account?
    What Are The Reporting Requirements If You Have A Foreign Bank Account?

    There are risks associated with owning or having ownership interest in a foreign account (which includes being signatories) and failing to disclose its existence to the IRS. The Foreign Account Tax ...

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  • Are You Eligible For The Florida Homestead Exemption?
    Are You Eligible For The Florida Homestead Exemption?

    The Florida Constitution (F.C.) (Article 10, Sec. 4) protects homestead property from a levy of creditors of the owner. The F.C. provides that homestead property should be liberally construed in favor ...

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  • Are Your Florida Legal Fees Deductible?
    Are Your Florida Legal Fees Deductible?

    Whether Florida attorneys' fees are deductible depends on the nature of the underlying claim. If the character of the claim brought is for business purposes, the fees are deductible; if the underlying ...

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