NFL Drops Tax-Exempt Status

This week, in a statement to Congress and team owners, NFL commissioner Roger Goodell announced that the National Football League will voluntarily give up its federal tax-exemption status. Since the announcement, two questions remain: (1) who volunteers to start paying federal income taxes? and (2) the NFL had a pass from paying taxes, seriously?! Whats the… Continue reading NFL Drops Tax-Exempt Status

Social Security – Will I Owe Tax On My Benefits?

Whether or not you will owe tax on Social Security benefits will vary based on your situation.  Generally speaking, if your Social Security benefits were your ONLY source of income, you MAY NOT be subject to Federal income tax and MAY NOT have to file a tax return. Taxpayers whom receive Social Security benefits in 2014 should receive a Form… Continue reading Social Security – Will I Owe Tax On My Benefits?

Florida Medical Marijuana – Turning Over a “New Leaf”

Amendment 2 in Florida leaves many unanswered questions about a multitude of issues and undoubtedly societal concerns. As with any controversial issue, one must weigh the pros/cons. If Amendment 2 passes… SOCIETY PERSPECTIVE – It will be inserted into the Florida constitution as Article X, Section 29, lifting civil and criminal liability for the medical… Continue reading Florida Medical Marijuana – Turning Over a “New Leaf”

TAX FRAUD – No Special Treatment for Celebrities!!!

Even celebrities are not exempt from IRS audits and criminal investigation and conviction!  Real Housewives of New Jersey stars Teresa and Joe Giudice were sentenced Thursday to 15 and 41 months of jail time, respectively. The couple pled guilty to charges including failure to file income tax returns, along with a handful of other charges.… Continue reading TAX FRAUD – No Special Treatment for Celebrities!!!

Florida Restaurants – CURRENT TARGET for Sales Tax Audits!

The Florida Department of Revenue (DOR) has made recent attempts to complicate things for Florida restaurant owners.   This situation leaves the restaurant owner liable for large tax bills and possible jail time. Florida, with its fresh seafood, unique history, and blending of cultures has some of the most mouth-watering restaurants around. These fabulous restaurants come at… Continue reading Florida Restaurants – CURRENT TARGET for Sales Tax Audits!

Florida Department of Revenue – Increasing Focus on CRIMINAL Sales Tax Issues

If you operate a business in Florida that collects sales tax from your customers, take note, the Florida Department of Revenue (DOR) has been steadily increasing the number of felony arrest warrants issued for tax crimes.  To be sure, the IRS has a formidable criminal tax division, but Florida business owners who don’t respect tax… Continue reading Florida Department of Revenue – Increasing Focus on CRIMINAL Sales Tax Issues

IRS SHUTDOWN 2013 – Has the Government Shutdown Jeoprodized your TAXPAYER RIGHTS?

Our Firm advocates for Clients facing tax issues – including those with the IRS.  With the Government Shutdown resulting in the closing of the IRS, we have encountered multiple instances of what appears to be violations of our Client’s rights as a Taxpayer. The Taxpayer Bill of Rights was enacted to ensure policies and procedures… Continue reading IRS SHUTDOWN 2013 – Has the Government Shutdown Jeoprodized your TAXPAYER RIGHTS?

IRS Furlough – An “Extended Vacation” from Servicing Taxpayers

With Memorial Day (Monday, May 27, 2013) coming up, a lot of Americans are looking forward to a three day weekend. But don’t wait until Friday to take care of any issue lingering with the Internal Revenue Service (IRS). IRS employees will be enjoying an additional day of “vacation” on Friday, May 24, 2013. This… Continue reading IRS Furlough – An “Extended Vacation” from Servicing Taxpayers