A recently enacted Florida statute clarifies that the transfer of a Florida business’s assets is considered a sale of the business and that the sale may […]
A recent decision by the IRS to revoke the tax-exempt status of Emerge America, a small political nonprofit organization, may concern larger groups, such as Crossroads GPS and Priorities USA, that […]
A recent decision by the IRS to revoke the tax-exempt status of Emerge America, a small political nonprofit organization, may concern larger groups, such as Crossroads GPS and Priorities USA, that […]
TaxMasters, the tax firm known for late night commercials featuring Patrick Cox, its red-bearded founder, has filed for bankruptcy and lost a huge civil suit, all in […]
The IRS has recently begun scrutinizing several universities, including Notre Dame, Purdue, the University of Texas at Austin, Texas A&M, the University of North Carolina, the […]
If the Florida legislature fails to act soon, Florida business owners could see a significant increase in their unemployment tax bill. Business owners will see their […]
Credit Suisse Group AG, Switzerland’s second-biggest bank, has informed its U.S. clients that it intends to disclose confidential client account data to the Swiss taxing authorities, […]
On Wednesday we posted a blog discussing the recent IRS ruling against medical marijuana dispensaries’ ability to take deductions for payroll, expenses, etc. Now it appears that […]
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 […]