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 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 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...
by cpaofmiami | Dec 12, 2014 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes
Going through an IRS audit is not a pleasant experience. For most people, it is up there with a root canal or colonoscopy. At a minimum, the dentist and protologist are probably nicer to you than the average IRS auditor. In recent years, the IRS has turned its focus...
by cpaofmiami | Dec 11, 2014 | Forensic Accounting - Litigation Support, IRS Tax Problem Resolution - Back Taxes
As many people will attest, divorces can often get ugly. Sometimes so much so, that the former spouse seeks revenge by sending a letter to the Internal Revenue Service (IRS). All your former spouse needs to do to wave this red flag is write a compelling letter to...
