by cpaofmiami | Apr 10, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
What percent of filers wait until the last week? Statistically, about a quarter of all tax returns (nearly 25%) are mailed in the last week of the tax season. Yes, it’s pretty high given the amount of time provided. For those that are not prepared, many will file...
by cpaofmiami | Apr 9, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
We get this question often: I am an American living and working abroad. Do I need to file a US tax return? Regardless of where you live now, being a United States citizen requires that you file a yearly tax return with the IRS. Green card holders and all US citizens...
by cpaofmiami | Apr 6, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Yes, the word strikes fear in every taxpayer’s heart. The process is not fun and every effort should be taken to lower your risk of a tax audit notice. You may know someone who’s been through an IRS audit. You’ve at least heard that it can be a grueling, complex...
by cpaofmiami | Apr 6, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Not sure you’ll be prepared to file and pay your total taxes due by April 15? Here’s what you need to know about filing an extension. Sometimes, things beyond your control keep you from making that April 15 income tax filing deadline. Family emergencies. Too much time...
by cpaofmiami | Apr 2, 2015 | Condominium and Homeowner Audits - Real Estate Accounting, International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Each year, our tax code gets longer and more complicated. The filing season for 2014 is rapidly coming to a close and the Health Care Law (Affordable Care Act) is a totally new wrinkle that will make your tax return even longer. In addition to more forms and...
by cpaofmiami | Mar 23, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
As we head into the home stretch for tax season, our awareness of tax rates is heightened. Whether you are a resident of another country or another state, the advantages of becoming a resident of Florida are hard to resist. At this time of year, we all become more...
by cpaofmiami | Mar 20, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
South Florida, particularly Miami, is open for business and attracting entrepreneurs from outside of the United States. Between world class beaches, diverse culture, low interest rates and governmental stability, Miami is attracting entrepreneurs from all over the...
by cpaofmiami | Mar 19, 2015 | Condominium and Homeowner Audits - Real Estate Accounting, International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Miami not only functions as a gateway to Latin America, it also is a gateway from China, Russia and parts of Europe for business development into the U.S. With the rapidly changing oil market and governmental instability in Russia, Venezuela, and economic softening in...
by cpaofmiami | Mar 18, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
South Florida is the hub of commerce and with the opening of Cuba, this wave of entrepreneurship will only increase in the years ahead. Many entrepreneurs in multicultural communities, like Miami, start import and export businesses by trading with their former...
by cpaofmiami | Mar 18, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
For the first time, all taxpayers must include information about their health care coverage to the IRS on their 2014 Form 1040. Another year, another tax form or two. 2014 was the first tax year that the Individual Shared Responsibility Provision (SRP) of the...
