Blog

April 12, 2022

According to the most recent statistics from the Internal Revenue Service (IRS), taxpayers filed about 148.3 million tax returns in 2019, including payroll taxes. Payroll tax is a percentage withheld from an employee's income by an employer and paid to the government on behalf of the employee.

March 8, 2022

Many people falsely believe they only need a tax attorney if they get audited, but there are a host of other reasons why you may consider hiring one. In fact, for most people, the fear of an audit from the IRS never comes to pass.

Feb. 28, 2022

When taxpayers do not file tax returns or willfully file tax returns while providing false information, they may face penalties from the Internal Revenue Service (IRS) and interest from the date their taxes were due. However, taxpayers may be eligible to use the IRS Voluntary Disclosure Program to avoid criminal prosecution.

Jan. 27, 2022

It is crucial to understand your options and requirements for reporting capital gains to ensure that you report the information to the Internal Revenue Service accurately and comply with all applicable tax reporting rules.

Dec. 17, 2021

When a debtor fails to make payments or defaults on their debt, their earnings can be withheld to pay outstanding debt. This practice is known as “wage garnishment.” However, debt collectors can only garnish your wages if they sue you for the debt and win.

Nov. 30, 2021

Many U.S. citizens set up overseas bank accounts for personal and business reasons. While some people take advantage of foreign bank secrecy laws, others use offshore bank accounts as a way to hide their money and avoid paying taxes to the Internal Revenue Service (IRS).

Oct. 8, 2021

If you do not file your income tax returns on time or fail to pay taxes owed to the Internal Revenue Service (IRS) by the due date, you will fall behind on your taxes. Read on to understand the importance of filing back taxes and your options if you owe more money than you can pay.

Sept. 29, 2021

According to Internal Revenue Service (IRS) Commissioner Charles Rettig, in testimony before the Senate Finance Committee in April 2021, unpaid federal taxes total nearly $1 trillion a year, saying his agency is being “outgunned” by increasingly sophisticated tax avoidance schemes.

Aug. 23, 2021

According to the Tax Foundation, Florida ranks fourth nationwide in its State Business Tax Climate Index. This means that 46 other states impose greater tax burdens on businesses operating in their states. For corporations, Florida’s corporate tax rate declined from 5.5 to 4.4458 percent for tax years 2019 to 2021, raising Florida’s corporate tax favorability index from ninth to sixth nationwide.

July 21, 2021

If the business you own, co-own, or manage through a partnership or corporate structure fails to pay its income and employment taxes to the IRS, you may think you will be protected from personal liability through the business structure you’ve established.