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Businesses Get More Time to Challenge IRS Levies

Individuals and businesses have additional time to file an administrative claim or to bring a civil action for wrongful levy or seizure, according to the Internal Revenue Service. An IRS levy permits the legal seizure and sale of property…
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Important change regarding to the category “Meals and Entertainment”

As per Tax Cut Jobs Act (Tax Reform) which was signed on December 22th, there is a change regarding to the category “Meals and Entertainment”.  Until 2017, 50% of annual amount of this category was deductible. Starting on 2018 this category…
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FORMS? What are they for?

You will find the form you need for different activities and process. Individual Forms: - Form 1040: US Individual Income Tax Return - Form W-9: Request for Taxpayer Identification Number (TIN) and Certification . - Form W-4: Employee's…
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How to properly use your sales tax

Businesses that register with the Department of Revenue to collect sales tax are issued a Florida Annual Resale Certificate for Sales Tax (Annual Resale Certificate). The certificate allows the business owners or their representatives…