Tax Planning Archives - Florida Tax Law Blog

August 31, 2015

The Kiddie Tax – Part One

Internal revenue code section 1(g) taxes unearned children’s income as if it belonged to the parents. This is known as the Kiddie tax. This income is […]

May 18, 2013

6 Ways to Make Your 2013 Tax Season Easier

No one likes unplanned tax surprises, especially when you owe. Now is the time to start your tax planning for next year by looking at these 6 areas...

December 11, 2012

Whatever you do, file your taxes!

The IRS, and for that matter any state government, doesn’t care how famous or popular you may be. They only care that you file and pay your […]

October 4, 2012

Time Is Running Out To Take Advantage Of 2012 Estate And Gift Tax Planning Opportunities

Time is running out to take advantage of the liberal estate and gift tax exemptions of 2012. Currently, the exemption amount is $5.12 million for both […]

September 25, 2012

Overview Of The 5 Tax Amendments On The 2012 Florida Ballot

Included among the eleven measures which are set to appear on the November 6 ballot are five that will give Florida voters the opportunity to put […]

September 20, 2012

IRS Treatment Of Forgiven Student Loan Debt Causing Concerns

In the wake of the housing market collapse, many people have become familiar with the concept of cancellation of debt (COD) income. The basis for COD […]

September 17, 2012

Transfer Of Business Assets In Florida May Come With State Tax Liability

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 […]

September 14, 2012

Amazon To Begin Collecting Sales Tax In California, When Will Florida Get Its Due?

Beginning this Saturday, September 15, 2012, online retailer Amazon.com will begin collecting sales tax for orders made in the State of California. This will mark an […]

September 7, 2012

Church May Have Violated IRC By Endorsing Romney For President

St. Raphael Catholic Church of El Paso Texas appears to have violated the IRC by endorsing Mitt Romney in its bulletin. “I am asking all of […]

August 6, 2012

IRS Rules That Donations To Single Member LLCs Wholly-Owned By Charities Are Deductible

The IRS has issued a new notice which offers guidance regarding the deductibility of contributions made to a single member LLC that is wholly-owned by a […]

May 31, 2012

Why Florida Is A Great Tax State For Retirees

Earlier this week we talked about the recent survey which ranked Florida among the three states to do business in tax-wise. Now it is time to discuss why Florida […]

May 29, 2012

Florida Tax Structure Ranked As One Of The Most Attractive For Businesses

A new survey of corporate chief financial officers released by Alvarez & Marsal Taxand, LLC, a tax consulting firm based in New York, ranks Florida among […]