Deadlines in St Petersburg Florida

2017 Q2 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable...
Audit in St Petersburg Florida

So you just filed your taxes — could an audit be next?

Like many people, you probably feel a great sense of relief wash over you after your tax return is completed and filed. Unfortunately, even professionally prepared and accurate returns may sometimes be subject to an IRS audit. The good news? Chances are slim that it will actually...
FBAR in St Petersburg Florida

Remember the New FBAR Filing Deadline

Do you have an interest in — or authority over — a foreign financial account? If so, the IRS wants you to provide information about the account by filing a form called the “Report of Foreign Bank and Financial Accounts” (FBAR). The annual deadline for filing FBARs has...
National Origin Discrimination in St Petersburg Florida

The Rules Surrounding National Origin Discrimination

When it comes to employment discrimination based on national origin, the Equal Employment Opportunity Commission (EEOC) plays a key role in enforcing the related civil rights laws. This type of discrimination, says the EEOC, “involves treating people — applicants or...
Student Loan in St Petersburg Florida

Relief from Student Loan Debt: Taxable or Not?

There are also some non-tax-law provisions that allow student loan borrowers to exclude cancellation of debt (COD) income when the U.S. Department of Education discharges federal student loans. For this purpose, federal student loans include federal Family Education Loans,...
Tax in St Petersburg Florida

The Ins and Outs of Tax Collections

It is bad enough when borrowers can’t pay off amounts owed to creditors such as banks and other financial institutions. But people can find themselves in really hot water if they owe money to the IRS. What could happen? The IRS can establish a legal claim or lien to a...
Promote in St Petersburg Florida

Promote From Within Successfully: A Management Cookbook

Promoting non-supervisory employees to management roles can be a morale-booster for the promoted employee, and for others. Seeing a fellow employee move up the ladder gives coworkers reason to expect that, someday, they could rise to that level as well. Also, homegrown talent can...
Higher Education in St Petersburg Florida

4 Tips for Claiming Higher Education Credits

The Internal Revenue Code offers two federal income tax credits for post-secondary education expenses: the American Opportunity credit, and the Lifetime Learning credit. (See “The Basics of Higher Education Credits” at right.) While these credits aren’t new, you...
Audit Techniques Guides in St Petersburg Florida

Relying on Audit Techniques Guides

IRS examiners usually do their homework before meeting with taxpayers and their professional representatives. This includes reviewing any relevant Audit Techniques Guides (ATGs) that typically focus on a specific industry or audit-prone business transaction. Though designed to...
Contributions in St Petersburg Florida

2016 IRA contributions — it’s not too late!

Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017. If the contribution is deductible, it will lower your 2016 tax bill. But even if it isn’t, making a 2016 contribution is likely a good idea. Benefits beyond a...