In Florida, documentary stamp tax is generally levied at the rate of $.70 per $100 (or portion thereof) on documents that transfer an interest in real […]
Many times we come across individuals who feel that a “nonprofit” and “tax-exempt” entity are the same thing. However, this is not the case and there […]
Generally, unless a single-member LLC elects to be treated as a corporation it will be considered a disregarded entity under the IRS check-the-box regulations. Since the […]
If an individual has a sizable tax debt, minimum assets and income prospects, and can fulfill the right circumstances, the IRS may accept an Offer in […]
Recently, our Tax Blog published a post on the IRS Fresh Start Initiative and the changes that taxpayers can expect in IRS procedure. Now the IRS has announced the […]
The IRS recently announced that they would be easing the 2 year deadline on taxpayers seeking innocent spouse relief. A taxpayer who is a party to a joint […]
Earlier this year, the IRS announced their fresh start initiative, which has been billed as their latest attempt to help struggling taxpayers. These new policies and […]
Our sister-blog, the Ourednik Law Offices Estate Planning Blog, recently published a post on Florida’s documentary stamp tax and its economic effect on the conveyance of […]
Recently we published a post detailing the IRS’ announcement that approximately 275,000 organizations have lost their tax exempt status for failure to file legally required annual reports for three […]
Finally a bit of a break! The Internal Revenue Service (IRS) recently issued Announcement 2011-40. Beginning on July 1, 2011 and continuing until December 31, 2011, […]