September 14, 2011

Florida Documentary Stamp Tax And Transfers To LLCs

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 […]
September 13, 2011

The Difference Between Nonprofit And Tax-Exempt Status

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 […]
September 12, 2011

Sale Of A Single Member LLC Presents Special Issues For Buyer And Seller

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 […]
September 8, 2011

IRS Debt Settlement: Offer In Compromise

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 […]
August 30, 2011

How Long Does The IRS Have To Audit Income Tax Returns Or Collect Back Income Taxes?

Many people wonder just exactly how long the IRS has to begin an audit of an income tax return or to collect unpaid income taxes. The […]
August 22, 2011

Payroll Taxes And The Trust Fund Recovery Penalty

If you own a business and have employees then you likely familiar with the requirement to remit payroll tax to the IRS. When an employer pays […]
July 29, 2011

IRS Announces Webinar On Fresh Start Initiative

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 […]
July 26, 2011

IRS Eases Restrictions On Innocent Spouses

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 […]
July 21, 2011

IRS Moves Forward With Fresh Start Initiative

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 […]
July 18, 2011

Florida Documentary Stamp Taxes And Transfers Of Real Property

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 […]
July 7, 2011

IRS Video – How To Reacquire Tax-Exempt Status

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 […]
June 26, 2011

Special New Mileage Deduction Amounts for 2011

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, […]