Disaster in St Petersburg Florida

Tips for deducting losses from a disaster

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If you suffer damage to your home or personal property, you may be able to deduct the losses you incur on your federal income tax return. Here are some things you should know about deducting casualty losses: Casualty loss. You may be able to deduct losses based on the damage done...
Penalties in St Petersburg Florida

New Trade Law Stiffens Penalties for Certain Taxpayers

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On June 29, the Trade Preference Extension Act of 2015 (TPE) was signed into law. The TPE mainly focuses on foreign competition and retraining domestic workers. But if you read the fine print, you’ll see that it also includes important — but little-noticed — changes to the...