by cpaofmiami | Feb 27, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Even Robert De Niro gets hounded by the IRS for back taxes… Fox News and The Smoking Gun are reporting that Robert De Niro owed over $6.4M from his 2013 tax filing. The federal lien of $6,410,449.20 was to be placed against his condo in Tribeca. Apparently,...
by cpaofmiami | Feb 27, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Here are a few of the reasons why most people in Miami hire a Certified Public Accountant to file their tax returns. 1. Hours to prepare your taxes – In 2013, the IRS estimated that United States taxpayers (on average) spent 16 hours to prepare a simple tax...
by cpaofmiami | Feb 24, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
The state with the highest upper range on taxes is California. For high net worth individuals in California, they tax individuals up to 12.3%. Ouch! In Florida, there are no state taxes so that’s why many wealthy individuals seek to obtain residency in the...
by cpaofmiami | Feb 16, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
As a United States citizen, your worldwide income generally is subject to U.S. income tax regardless of where you are living. Also, you are subject to the same income tax return filing requirements that apply to U.S. citizens living in the United States. However,...
by cpaofmiami | Feb 10, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Transfer pricing has become an art for most multinational corporations like Apple, Microsoft, GE, Amazon and many others. However, the impact of transfer pricing upon a closely held business operating in Florida looking to expand overseas can be huge. Transfer...
by cpaofmiami | Feb 10, 2015 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
Surprisingly enough, there are thousands of small to mid-sized businesses that are entitled to a 20% tax break for exports but failing to take advantage of it. Many small business owners, and even many accountants, aren’t aware of this tax incentive. The name of this...
