Identity Theft in St Petersburg Florida

The IRS Takes a Proactive Stance against Identity Theft and Tax Scams

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The Federal Trade Commission estimates as many as 9 million Americans have their identities stolen every year. Although the security of personal data is a top priority of all types of entities, the IRS is especially vigilant, because tax-related identity theft is the most common...
IC-DISC in St Petersburg Florida

Exporters and others: Save taxes with an IC-DISC

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If your business exports American-made goods or performs architectural or engineering services for foreign construction projects, an interest-charge domestic international sales corporation (IC-DISC) can help slash your tax bill. An IC-DISC is a “paper” corporation you set up to...
Divorce Settlements in St Petersburg Florida

Factoring taxes into divorce settlements

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How assets are split up in a divorce can have significant tax consequences, especially when the marital estate includes a private business interest. Valuation is just part of the picture. Equitable distributions require the parties to premeditate tax issues, too. What’s at stake?...
Digital Assets in St Petersburg Florida

21st century estate planning accounts for digital assets

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Do you possess digital assets? If you have online bank and brokerage accounts or keep your music and photos stored on your home computer or “the cloud,” the answer is “yes.” Thus, you need to account for digital assets in your estate plan. If you haven’t done so, your heirs or...
Applicants in St Petersburg Florida

Attract the Best Applicants with Strategic Interviews

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In a poll that measures candidate behavior, the online job site CareerBuilder asked participants what aspects of the hiring process carried the most weight when choosing an offer. The number one factor cited in 44% of responses was the in-person job interview. The job offer...
Internet Sellers in St Petersburg Florida

Will Congress Resolve Taxing Issues for Internet Sellers?

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The Internet Tax Freedom Act (ITFA) is currently set to expire at the end of September. A bill to permanently extend the ITFA passed the House in June and is awaiting approval by the Senate. There’s a common misconception that the ITFA provides businesses with a...
Collectibles in St Petersburg

What you need to know before donating collectibles

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If you’re a collector, donating from your collection instead of your bank account or investment portfolio can be tax-smart. When you donate appreciated property rather than selling it, you avoid the capital gains tax you would have incurred on a sale. And long-term gains on...
Aging Parents in St Petersburg Florida

Planning for aging parents – 5 tips for the sandwich generation

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The “sandwich generation” is a large segment of the population. These are people who find themselves caring for both their children and their parents at the same time. As a result, estate planning — which traditionally focuses on providing for one’s children — has expanded in...
Contractors in St Petersburg Florida

5 ways contractors can reduce their insurance premiums

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Construction is a risky business with typically slim profit margins. Most contracts, as well as simple common sense, dictate that contractors carry various forms of business insurance. Still, there’s no reason to pay unnecessarily high premiums just to obtain adequate coverage....
Divorce in St Petersburg Florida

Review in case of divorce

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When it’s critical to revise your estate plan There are few events that can completely upend a person’s life more than divorce. Of course, there’s the emotional toll on you and your family to contend with, but you also have to consider the divorce’s impact on your estate plan....