Posted on October 09, 2017
by
Joseph Saka
On the heels of the Equifax data breach that affected more than 145 million U.S. adults, many consumers are still confused about what they need to do to protect their personal information and their credit ratings. Following are four simple steps you should consider taking now. Freeze your Credit A credit freeze blocks individuals and […]
Posted on October 05, 2017
by
Adam Cohen
Benevolent individuals who volunteer their time for nonprofit organizations may be able to reduce their taxable income when their charitable work takes them away from home. U.S. tax laws allow individuals to deduct some of the expenses they incur when traveling on behalf of charitable organizations. Here’s what taxpayers need to know. Duty. The […]
Posted on October 03, 2017
Workers seeking new career opportunities in their current fields may be able to deduct certain expenses related to their job hunt even when they do not ultimately secure a new position. Qualifying job-search expenses are considered miscellaneous deductions that taxpayers may report on IRS Form 1040, Schedule A, Itemized Deductions. To qualify for a tax […]
Posted on September 28, 2017
by
Edward Cooper
On September 27, 2017, President Trump and top Republican leaders unveiled the latest round of updates to what they see as the future of the Tax Code. While it remains to be seen whether the tax reform package in its current state will become the law, it is important for taxpayers to understand what the […]
Posted on September 13, 2017
by
Joseph Saka
Dear Clients and Friends, We are grateful that Hurricane Irma veered away from South Florida and hope that your family is safe and that the impact to your property was minimal. Our offices in Miami, Boca Raton and West Palm Beach are open as of today, Wednesday, September 13, 2017. Our office in […]
Posted on September 12, 2017
by
Karen Lake
Taxpayers who were affected by Hurricane Irma and who live in federally declared disaster areas of Florida, Puerto Rico and the U.S. Virgin Islands will receive automatic tax filing and payment relief from the IRS. The relief program is the same as granted to victims of Hurricane Harvey. Filing Extensions Under the IRS’s […]
Posted on September 06, 2017
by
Joseph Saka
Our office are closed in anticipation of Hurricane Irma. Our firm members’ connectivity to the office and their ability to respond to this email or return phone calls will be impacted by our need to prepare for the storm and potentially evacuate to safer locations. We will respond as quickly as we can under the circumstances. If […]
Posted on September 01, 2017
by
Karen Lake
The IRS announced a tax relief program for victims of Hurricane Harvey in Texas as well as other taxpayers who live outside of the disaster area but whose records are located in the affected region. Most taxpayers do not need to call the IRS to receive the relief; the agency automatically identifies and applies filing […]
Posted on August 24, 2017
by
Jack Winter
When U.S. taxpayers file their income taxes each year, they must choose a tax-filing status to ultimately determine the amount of taxes they must pay to the IRS. In some instances, selecting a filing status is easy; under certain circumstances, however, more than one filing status may apply. It is critical that taxpayers carefully consider […]
Posted on August 18, 2017
by
Karen Lake
There is no doubt that the rise of interconnectivity between networks, devices and apps have helped businesses in virtually all industries improve operational efficiency and personalize the customer experience. While more than half of U.S. states have made some progress in defining the sales taxability of digital goods and software, either by adopting the standards […]
