by cpaofmiami | Feb 17, 2015 | IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
The fraudulent tax filings associated with TurboTax is so bad that now top lawmakers in the House and Senate have begun investigating fraudulent refunds. In 2013, the federal government lost $5.2 billion due to fraudulent tax filings. Given how things have exploded...
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...
by cpaofmiami | Feb 10, 2015 | International Taxes - Expat Tax Compliance, IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
In our opinion, there’s absolutely no reason to pay more taxes than you legally have to pay. However, the IRS is tasked with the responsibility of collecting tax revenues from everyone. Here are the top reasons why the IRS elects to audit you. Failure to disclose...
by Andrew Brody | Feb 9, 2015 | IRS Tax Problem Resolution - Back Taxes, Miami CPA Accounting, Tax Compliance - High Net Worth Individuals
We all make mistakes. Sometimes, it’s small like forgetting our cell phone behind or forgetting to mail in a bill promptly. However, not paying the Internal Revenue Service (IRS) can have larger consequences. Here are some of the most common mistakes made by...
