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
Category: Florida Tax Issues
Even Heaven Could Not Save Florida Resident from Wrath of IRS
Nowhere to Run, Nowhere to Hide from IRS A Melbourne, Florida man could face up to six years in federal prison and a fine of up to $200,000 after refusing to accurately report his income to the IRS. His reason for not filing, as he told IRS agents, was that he was not subject to man’s laws because he… Continue reading Even Heaven Could Not Save Florida Resident from Wrath of IRS
Lebron James Haters Quit Hating and Accept the Heat…As a Glorious State Income Tax Haven
On July 8, 2010, much to the chagrin of Cleveland Cavaliers owner Dan Gilbert, the city of Cleveland, and millions of NBA fans, free agent Lebron James announced his decision to play for the Miami Heat. The controversial move became a media obsession with James agreeing to a less lucrative contract to boost Miami’s ability… Continue reading Lebron James Haters Quit Hating and Accept the Heat…As a Glorious State Income Tax Haven
Capital Gain Rates in 2011
Many taxpayers lose out on advantageous tax breaks because they are unaware that many things they own qualify for lower capital gain tax rates. Almost everything you own and use for personal or investment purposes is considered a “capital asset.” Some examples of things you may own that are capital assets are: 1. stocks and… Continue reading Capital Gain Rates in 2011
Happy Tax Day – April 18, 2011
Despite being a few days late this year, Tax Day is here! For you procrastinators, don’t freak out quite yet. You still have until midnight tonight to electronically file (e-file) your return. Alternatively, your return must be postmarked today. The IRS now has FREE e-file for all taxpayers (including all forms and schedules). Beware of… Continue reading Happy Tax Day – April 18, 2011
Audit Gamble – IRS Steps it up Against Tax Cheats
Knowing the chances of the IRS auditing your Income Tax Return is relatively slim, are you willing to take that gamble and “modify” the figures on your return to maximize your refund or minimize the taxes owed? If so, you are definitely not alone! But before you turn in that return, you might want to… Continue reading Audit Gamble – IRS Steps it up Against Tax Cheats
Florida Hooters Closed For Tax Liens – Tax Auction This Saturday (4/16/2011)
The Notice of a Tax Auction Posted on the Gainesville Hooter’s Entrance
Liberty Tax Service Alleged “Crack for Tax” Scandal
Last week I spoke about the raid and bust of On Time Tax Consultants for allegedly scamming low income taxpayers. Unfortunately, On Time Tax Consultants are not the only local tax preparation service targeting lower income individuals in our community. Liberty Tax Service, located at 3320 Southwest 35th Boulevard, Gainesville, Florida, has also been under… Continue reading Liberty Tax Service Alleged “Crack for Tax” Scandal
Free Tax Return Help!
Need Help Filing Your Return, but Can’t Afford a Tax Prep Service? You May Qualify for FREE Tax Prep Assistance! If you need help filing your income tax returns, but think you cannot afford a tax preparer service, beware! Some tax preparation providers may offer you a lower fee or offer to take a percentage… Continue reading Free Tax Return Help!
Update on the Alleged Gainesville Tax Scam
Yesterday, we talked to you about a local story covering the bust and raid of Gainesville, Florida tax return preparation business, On Time Tax Consultants. Attorney Sarah Martello was interviewed by GTN news for insight on the situation and advice for potential victims of tax preparer scams. You can take steps to protect yourself from… Continue reading Update on the Alleged Gainesville Tax Scam