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Amazon sellers may be able to avoid paying back sales taxes through a temporary amnesty program in certain states that runs through November 1, 2017 (originally set to expire on October 17, 2017). With online sales, merchants are not required…

This one is definitely not for the birds – or the wetlands or the rivers or the forests. The days of trying to save the environment while getting a hefty tax benefit may be coming to an end with the…

On September 29, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017 into law. The law is intended to provide tax relief for taxpayers impacted by Hurricanes Harvey, Irma and Maria. One of the…

President Trump has unveiled his proposed Tax Reform Plan that calls for tax cuts and a simplification of the tax code. Below are the some of the key points proposed in the plan: Individuals 1. Reduce individual income tax rates:…

Many employers are looking for ways to provide assistance to their employees following the recent natural disasters. Paying salary or bonuses to employees means that payroll taxes are due on the amounts and also that the employees have taxable income….

Individuals and businesses who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred (in this instance, the 2017 return normally filed next year), or the return for the…

Every year, residential and commercial property owners are potentially overpaying their property taxes. Fortunately, there’s a way to appeal your residential or commercial assessed value that could reduce your property tax bill. If you live in South Florida, you will…

Thirteen states, in conjunction with the Multistate Tax Commission (MTC), announced a new sales tax amnesty program for online merchants who sell on Amazon and other sites. Amazon sellers owing an estimated $2 billion in uncollected sales taxes are being…

For over 25 years, Foreign Taxpayers who sold their interests in US partnerships engaged in a U.S. trade or business have paid U.S. income tax on the gain on sale under IRS Revenue Ruling 91-32. On July 13, 2017 the…

You can make cash donations to IRS-approved charities out of your IRA using so-called “qualified charitable distributions” (QCDs). This strategy may be advantageous for high-net-worth individuals who have reached age 70 1/2. It expired at the end of 2014, but…