Reducing Tax Debt with the IRS: Income You need to Report to reduce or eliminate tax debt

The Tax Code has made some changes in terms of reducing tax debt with the IRS. Keep in mind, however, that if you had debt prior to the enactment of the Code, you still have this debt balance. Therefore, if you are seeking to get your tax debt reduced or eliminated, your tax professional (e.g., [...]

2018-03-09T21:00:07+00:00 March 9th, 2018|Blogs|

Things You Might Not Know, But Should: Select Provision of the Tax Cuts and Jobs Act

In previous weeks, we have discussed changes to the Tax Cuts and Jobs Act that many people are aware of, such as tax credits and small business taxes. However, there are a number of things you might not know, but should, with respect to the Act. These changes are some that the general public does [...]

2018-02-22T19:56:58+00:00 February 22nd, 2018|Blogs, Legal Advice|

Tax Cuts and Jobs Act: What Actions Reduce Your Tax Liability?

One of the main changes to the Tax Cuts and Jobs Act is certain tax credits that reduce an individual taxpayers’ liability. While most of the tax credits have, roughly, stayed the same, it is important to understand what credits have changed so taxpayers can properly navigate how to take advantage of those changes. However, [...]

2018-02-15T20:22:39+00:00 February 15th, 2018|Blogs|

Three Things to Know: How the Tax Cuts and Jobs Acts Affects Business Profits

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (“TCJA”) into law. The TCJA presents a number of changes to previous tax law – some that affect businesses. Here are three things you need to know about the new act and how it affects business profits: Taxation for Pass-Through Entities A [...]

2018-02-08T18:12:20+00:00 February 8th, 2018|Blog @es, Blogs, Financial, Governments, Taxes|

Deductions under the New Tax Cuts and Jobs Act. Which is better: Standard or Itemized?

As most Americans are aware, the new tax law, or more formally known as the Tax Cuts and Jobs Act, was recently passed. Since the passing of the tax law, there have been many reports on how this law will affect United States citizens and permanent residents, including citizens living abroad. In these series [...]

2018-02-01T20:30:35+00:00 February 1st, 2018|Blogs, Legal Advice|

Hurricane Claims

2017 – the year was active with hurricanes in the Caribbean. Hurricane Irma made landfall in Florida on Sunday, September 10, 2017 and since then many families in the area are still attempting to recover. Some have already filed hurricane claims with their homeowner’s insurance company, only to be let down by a complete denial, [...]

2018-01-09T22:07:04+00:00 January 9th, 2018|Blogs|

Why You Should Go with a Franchise Business?

You have made the decision: you wish to begin your own business. You’ve sorted through the idea of starting your own business as a sole proprietorship, perhaps maybe even a partnership. Of course at some point you may think about other concerns such as how do I get the word out about my business or [...]

2018-01-29T17:10:57+00:00 November 8th, 2017|Blogs|

Just Because You Cut Your Finger, Are You Qualified to Perform Open-Heart Surgery?

Picture this: you cut your finger chopping vegetables. Immediately, you run to your medicine cabinet and treat the cut on your finger: you wash the cut with saline solution in order to disinfect it, add a splash of hydrogen peroxide, rub some anti-biotic ointment, and cover the cut with a bandage. Now, are you ready [...]

2017-10-25T15:45:26+00:00 October 25th, 2017|Blogs|

Shopping for Legal Services is Not the Same as Shopping for Products

Recently, I was in the market for protein bars. I visited several different markets in the search for the perfect protein bar, both price-wise and nutritional value. Not being happy with any of the products I ran into, I decided to take my search online. After some time searching, I ended up purchasing a protein [...]

2017-10-18T19:19:54+00:00 October 18th, 2017|Blogs|

Understanding the Fresh Start Initiative from IRS

The Internal Revenue Service (IRS) has implemented a new “Fresh Start” program that helps taxpayers pay outstanding debt and avoid implementation of tax liens. Individuals who owe back taxes on personal income tax, corporate income tax, and payroll tax may all be eligible for the Fresh Start program. But, How does that work? The IRS [...]

2017-10-09T19:29:08+00:00 October 9th, 2017|Blogs|