by Pedro Gonzalez, CPA | Jan 11, 2021 | Tax
If you own or have an interest in any foreign bank account or other types of financial accounts (see below for examples of the other types) that are based outside of the United States, you may have to fill out the Report of Foreign Bank and Financial Accounts (FinCEN...
by Pedro Gonzalez, CPA | Mar 26, 2020 | Tax, Tax Planning & Preparation
Commissioner Chuck Rettig announced the IRS People First Initiative to provide immediate relief to help people facing uncertainty over taxes during the health crisis. Highlights of the key actions in the IRS People First Initiative include: Installment Agreements...
by Pedro Gonzalez, CPA | Mar 26, 2020 | Tax, Tax Planning & Preparation
Yesterday evening, the Senate passed an updated version of the Coronavirus Aid, Relief and Economic Security (CARES) Act. This bill is intended to be a third round of federal government support in the wake of the coronavirus public health crisis and associated...
by Pedro Gonzalez, CPA | Jan 5, 2020 | Real Estate, Tax
Florida businesses often hold real property and their business operations in separate entities for liability purposes. While this is a very standard and effective way to mitigate the liability risk of owning commercial real estate, these types of structures need to be...
by Pedro Gonzalez, CPA | Nov 11, 2019 | Real Estate, Tax
The Florida legislature voted to again reduce the sales tax, which is imposed under section 212.031, Florida Statutes, that commercial real estate owners charge and receive from tenants to 5.5 percent in 2020 from its current rate of 5.7 percent. Real property rentals...
by Pedro Gonzalez, CPA | May 7, 2019 | Tax, Tax Planning & Preparation
We are all familiar with the annual tax filing ritual; around January, most people collect their tax documents to file their tax returns by the deadline. However, some people sometimes or always need an extension. All of the information is gathered after the tax...
