by cpaofmiami | Dec 4, 2014 | Condominium and Homeowner Audits - Real Estate Accounting
The primary purpose of an audit is to assure users of the financial statements that these statements are reliable. When is a Condominium Association Required to Have an Audit? Florida law requires condominium, cooperative, and homeowners’ associations to have...
by cpaofmiami | Dec 4, 2014 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes
The Internal Revenue Service (IRS) is now looking at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets. Effective July 1, 2014, the U.S. government will start imposing 30 percent taxes on many overseas...
by cpaofmiami | Dec 3, 2014 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes
In an effort to prompt United States taxpayers with hidden offshore accounts to come clean regarding the existence of those accounts, the Internal Revenue Service, or IRS, launched its “Offshore Assets Disclosure Program”. By 2012, the IRS claimed to have recovered...
by cpaofmiami | Dec 2, 2014 | IRS Tax Problem Resolution - Back Taxes
You may know someone who’s been through an IRS audit. You’ve at least heard that it can be a grueling, complex process. But how much do you really know about this potentially-unpleasant procedure? Here’s some of what every business owner should know. What is an IRS...
