by cpaofmiami | Dec 8, 2014 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes
As our world has become more global in scope and United States citizen are living abroad regularly, the new tax laws that were designed to close tax loop holes have caused record numbers of U.S. citizens to abandon their American citizenship which is unfortunate. The...
by cpaofmiami | Dec 5, 2014 | Condominium and Homeowner Audits - Real Estate Accounting, Tax Compliance - High Net Worth Individuals, Uncategorized
On December 3, 2014, The House passed the one-year extension of the tax extenders package. Once passed by the Senate and signed into law, the House bill will likely extend the incentives through 2014. For our real estate developers, commercial property owners, and...
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...
