by cpaofmiami | Jan 5, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
If you are exaggerating your business expenses, this increases your risk of getting audited by the IRS. The IRS measures typical amounts of expenses by your type of business, and a tax return showing 20 percent or more above the norm increases your risk of getting...
by cpaofmiami | Dec 29, 2014 | International Taxes - Expat Tax Compliance, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
It’s one thing to have a business that occasionally loses money, particularly in economic downturns. However, having a business or two that loses money every year for a sustained period of time is an invitation for a tax audit. If your small business fails to...
by cpaofmiami | Dec 19, 2014 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
For the average person, there’s nothing more terrifying than the thought of getting an IRS audit. It ranks right up there with fears of dentists, flying, and fear of heights. Goodwill donations are great. So are donations to a non-profit. They are made for a...
by cpaofmiami | Dec 16, 2014 | International Taxes - Expat Tax Compliance, Tax Compliance - High Net Worth Individuals
Breaking into the United States market can be a rewarding venture for many foreign businesses. Because U.S. citizenship and residency are not required, foreign nationals are able to start or expand on U.S. soil without experiencing much more red-tape than an...
by cpaofmiami | Dec 15, 2014 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Tax Compliance - High Net Worth Individuals
Compliance with the U.S. Tax Code for foreign investors (non-US Citizens) is something we excel at. And with nations all over the globe starting to share more information back and forth, this will become more and more challenging going forward. At Canner Brody and...
by cpaofmiami | Dec 15, 2014 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Tax Compliance - High Net Worth Individuals
With computers these days, it gets easier for the IRS to locate individuals who fail to report their income. Each year, the IRS receives reporting from your employer, banks and brokerage accounts electronic copies of your W-2 and 1099s. Then, it matches your tax...
