While “under a blanket on a cold winter day” isn’t the worst place to work, it’s a good idea to regularly assess your remote working environment—especially if you don’t have a full home office setup—to decide if anything needs an…
It’s probably fair to say that most of us can’t wait to see 2020 out the door. But there’s one more task to carry out before you can wave goodbye to The Year We’d Rather Forget: Be ready to file…
Like many business owners, you are probably not sure how to pick a tax accountant in Miami. It is a difficult decision to make and a vital one for your business that will save you much time and resources. Whether…
The 668 Form Series are several IRS notices sent to the taxpayer warning them that actions are taken on their assets, which include a tax levy, tax lien, and even wage garnishment. This is not a very pleasant situation to…
The Offshore Voluntary Disclosure Program (OVDP) was created back in 2009 as a temporary OVDP program for taxpayers that willfully hide funds overseas to become compliant. However, the IRS closed it due to the usage rate for this offshore disclosure…
If you received the IRS letter 1058, this is the final notice to your unpaid taxes. This letter is serious, so you should take immediate action. If you do not respond to the IRS letter 1058 within 30 days, the…
My CPA, PA, has been providing dental CPA services for dental practices in Pembroke Pines, Miami, and Fort Lauderdale. Keeping your financial books in order is very crucial to the success and growth of your dental practice but we know…
To those who owe the IRS, you are not alone, approximately 30 million taxpayers are in the same position. Having said that, sooner or later, the IRS will reach out to you and you must be prepared. Whatever you do,…
If you received a stack of IRS mail and have enough courage to open it, you can’t miss those extra bold letters with the amount you owe. Now, you are making progress. The next step is to figure out what to…
United States citizens or residents who are shareholders, directors, or officers in some foreign corporations are required to file Form 5471. For those who own more than 10% of the shares of a foreign corporation, Form 5471 is filed with…