As Florida tax attorney’s we are often asked the question as to whether the IRS can come after an officer of a company personally for taxes. As a very general rule, the state or the IRS can only come after an officer personally if the taxes are trust fund taxes.…
As a Florida sales tax lawyer I thought I have seen it all when it comes to overzealous state agencies attacking its citizens for unpaid taxes. With a narrow corporate income tax and no personal income tax, Florida is notoriously aggressive. In August, 2013, I came across an article that…
In May 2013, a bill passed the Florida Legislature which developed rules for Florida’s natural gas vehicle rebate program. In June 2013, Governor Rick Scott signed HB 579, which indicates he was on board with the Legislature’s proposal. Specifically, the bill provides a rebate of $25,000 per commercial fleet vehicle…
Part 3: Audit Ends, What Do I Do? A daunting reality sets in for many Florida taxpayers when the audit report is issued. To say the majority of Florida taxpayers under a Florida sales tax audit have a meltdown is an understatement. Many taxpayers and other Florida tax professionals believe…
What is meant by a “cigarette” in Illinois? This question has been circulating through the tax community since December 2012. In August, 2013, it was reported that Illinois officially changed the definition of a “cigarette” and a “little cigar” for purposes of the Illinois tobacco tax regime. This is a…
It is virtually impossible to turn on ESPN these days without hearing about some drama-filled story within the sports world. ESPN has done its best to morph itself into reality television by covering the real world story rather than the sports highlight. It is even more difficult to turn on…
A recent story has emerged that reminds us how tax fraud also applies to the rich and famous. On July 30, 2013, it was reported that the celebrity couple, Giuseppe “Joe” Giudice and his wife Teresa Giudice were indicted by a federal grand jury. The stars of the “Real Housewives…
Part 2 Common Pitfalls There are several issues that often surface during the audit. Many of the issues that surface are that the client does not have records, the client does not have a complete or updated QuickBooks or accounting software file, or the client has collected and remitted the…
Despite the buzz of fantasy football and the regular football season fast approaching, the talk of the league during this year’s offseason has been the troubles of the New England Patriot’s, Aaron Hernandez. While I practice in the area of Florida tax controversy, the coverage of the football star’s troubles…
It’s a grim and nerve-racking day for many when they receive the infamous DR-840, Notice of Intent to Audit Books and Records, from our friends at the Florida Department of Revenue. Many Florida taxpayers often ask themselves, “Why me?” Or, “What did my company do wrong in order to receive…