To help struggling taxpayers affected by the COVID-19 pandemic, the IRS is providing penalty relief to most people and businesses who file or filed certain 2019 or 2020 returns late.…
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Dealing with tax issues can often be a challenge and feel overwhelming for many people. Choosing to work with a tax resolution specialist is often a great choice if you…
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We regularly receive emails from taxpayers with questions regarding their IRS tax problems. Since many taxpayers face similar issues, we have decided to share one question and our response on…
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Do you own investment property or a small business? Sooner or later, you will probably want to sell. One of the downsides of selling a business or investment property is…
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Although the economy has improved, we still receive a steady stream of phone calls from business owners throughout Palm Beach, Broward and Miami-Dade counties needing help resolving payroll tax problems.…
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If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you…
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Have you ever wondered how long the IRS has to question and assess additional tax on your tax returns? For most taxpayers who reported all their income, the IRS has…
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Charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A, except for the special 2020 and 2021 provisions that allow up to $300 ($600 for…
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You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and…
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Do you own or lease non-residential (think commercial) real property for your business or rent non-residential real property to others? If so, interior improvements you make to the property may…
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