Koontz & Associates Blog

IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs

March 26, 2020

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.

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Do you need a coronavirus clause in your real estate contract?

March 19, 2020

We have been thinking a lot about you lately - our clients, our business partners, our employees and our communities. National health concerns have changed the way Realtors® and lawyers should be drafting real estate contracts for clients.

The virus is already impacting the economy and beginning to show in the housing markets. What does that mean for buyers, sellers and Realtors®?

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Tax Deductions For Realtors®

February 18, 2020

All about tax deductions for Realtors. Learn how to pay as little as possible and keeping as much of your money as possible. 

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Why Small Business Lawyers are Right for Small Business Companies

October 15, 2019

Small business lawyers: they serve small businesses, right? But how, exactly? Although most people know what tax attorneys, divorce lawyers, and real estate lawyers do, not many people understand the duties of small business lawyers. Additionally, very few small businesses understand how to use small business lawyers to grow their companies and scale their operations.

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Homesteading, tax deadlines, business interest deductions and more!

March 27, 2019

Stay on Top Of Your Personal and Business Filing Dates for 2019 4/1.......... Florida Tangible Personal Property tax is due 4/15.......... Individual Tax Returns are due 4/15.......... C- Corp & Trust Tax Returns are due . 4/15......... SEP & IRA Contributions are due 4/15.......... Foreign Bank Account Report due (FBAR) 5/1.......... Florida Business ...

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Even MORE tax & real estate news tips!

October 4, 2018


Like no other firm, we take a holistic approach in offering legal and tax services with a focus on Real Estate & Business, all under one roof.  We are two firms functioning as one team, offering years of experience with a personal approach.

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Jo Ann Koontz Honored by CPA Practice Advisor

September 7, 2018

Kudos to Jo Ann

Jo Ann Koontz, CPA, J.D. - named 40 Under 40 Honoree for 2018 by CPA Practice Advisor!

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We are hiring the best!

August 29, 2018


Growing, energetic, ambitious tax accounting firm looking for the right fit Tax Accounting Professional with 4-5 years useful and applicable experience in tax preparation and the necessary related technologies. 

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Top Tax and Real Estate Tips and Free Advice!

August 20, 2018

Our Open House Realtor & Tax Seminars

Running throughout the year, our short, FREE and insightful seminars will empower participants with important, easy to understand, legal and tax knowledge that will promote efficiency, minimize liability and maximize profitability.

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What you need to know about tax scam calls, FREE tax seminars and relocation

July 23, 2018


The IRS has warned taxpayers to remain vigilant against phishing telephone and email scams, particularly at a time when those who have recently filed returns could be waiting for a response or refund. The IRS also urges taxpayers to be alert against year-round tax scams, which tend to evolve over time. Under the phone scam, the scammer warns the victim that if he or she does not call back, an arrest warrant would be issued or other law enforcement intervention, deportation or revocation of licenses would be initiated. READ MORE

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Announcing "Our Open House" tax seminars for business and real estate starting June 14th 2018!

May 30, 2018

Our Open House Tax Seminars

We are excited to introduce “Our Open House” - a Tax Seminar Series, presented by Marina Parkin and Jo Ann Koontz! Running throughout the year, our short yet insightful seminars will empower participants with important, easy to understand, legal and tax knowledge that will promote efficiency, minimize liability and maximize profitability.

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Sarasota Business, Real Estate, Legal and Tax Advice and Realtor Seminars!

May 24, 2018


The number of tax returns examined by the IRS drops every year, to the point where the agency now audits just 0.5 percent of all returns — but that still amounts to over a million squirming taxpayers. With that in mind, here are a dozen red flags that will draw the IRS’s attention to a return...

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Announcing "Our Open House" Realtor seminars starting April 19th 2018!

April 17, 2018

Our Open House Realtor Seminars

We are excited to introduce "Our Open House" - a Realtor seminar series, presented by Jo Ann Koontz and Marina Parkin! Running throughout the year, our short yet insightful seminars will empower Realtors with important, easy to understand, legal and tax knowledge that will promote efficiency, minimize liability and maximize profitability.

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The Best Real Estate Legal and Tax Advice Right Here!

March 31, 2018

Identity theft presents a challenge to individuals, businesses, organizations and governments, including the Internal Revenue Service. Tax-related identity theft occurs when someone uses a stolen Social Security number to file a tax return to claim a fraudulent refund. Although identity theft affects a small percentage of tax returns, it can delay a taxpayer’s refund and have a major impact on the victim’s peace of mind.  READ MORE

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Foreign Nationals and the New FIRPTA Compliance

March 27, 2018

What is FIRPTA? The Foreign Investment in Real Property Tax Act is the Federal law governing the taxation & withholding by foreign persons selling U.S. real estate. Real estate sales associates, brokers, and attorneys should advise foreign buyers of the Foreign Investment in Real Property Tax Act (FIRPTA) prior to closing. When foreign buyers are aware of the tax ...

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SOUNDBITES - Rental taxation and advice on legally structuring your business

February 17, 2018

REDUCTION IN SALES TAX FOR REAL ESTATE RENTALS FROM JANUARY 2018! It's true! Effective Jan. 1, the state sales tax rate imposed on the total rent charged for renting, leasing, letting or granting a license to use real property will decrease from 6.0 percent to 5.8 percent. READ MORE LISTEN AND LEARN AS JO ANN “TAKES 5” AND TALKS TO FLORIDA REALTORS ABOUT ...

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Introducing the Latest Legal and Tax e-News!

February 5, 2018

Like no other firm, we take a holistic approach in offering legal and tax services with a focus on Real Estate & Business, all under one roof.  We are a small but mighty team, offering years of experience with a personal approach.

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4 Months Later: Revisiting Same-Sex Marriage Benefits

October 26, 2015

As of June 26th, 2015 all states in America must legally recognize same-sex unions. Did you know same-sex unions have been legally recognized in Florida since January 6, 2015 due to the ruling of Brenner v. Scott. The result of these cases allows married same-sex couples to receive the same benefits as married opposite-sex couples.

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The Battle Between The Beaches and The Parks

October 13, 2015

Florida is a very popular state to visit. Businessinsider.com ranked the state number 2 in 2014.

If you didn't know, the entire state of Florida is surrounded by beaches. The west coast features white sand beaches and slow rolling waters while the east coast has slightly coarser sand and actual waves. Regarding the water, you won't find the California-esque tubular waves, but you will see people in the water all year around.

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4 Important Steps to Take Before You Sell Your Business

May 29, 2015

The small business community in the Sarasota area is thriving. If you’re one of the entrepreneurs running a business in the area, you may have considered selling your business in the future — whether for retirement, profit, or the pursuit of other projects. The logistics of transferring business ownership are a huge undertaking and you may think you have ...

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Be Aware of These Deal Killers When you Sell your Home

May 22, 2015

Selling your home can be a stressful process. You have to worry about pricing your home, staging your home, finding a real estate agent who can market your home effectively… and you may even be searching for a new home at the same time. When a buyer submits a great offer on your home, you want to do everything possible to make sure the process goes smoothly so the ...

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LLC or Corporation: Tax Differences You Need to Consider When Forming a Company

May 15, 2015

One of the most common mistakes business owners make is neglecting to formally incorporate the company. Deciding which type of entity is best for your business can be confusing, but make sure you speak with an attorney early on to take the necessary steps. By default, if you do nothing to establish an entity your business will automatically be considered a general ...

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5 Common Legal Mistakes Business Owners Make (and How to Avoid Them)

May 8, 2015

As you start a company, you may not be concerned about legal issues. Especially if you run a small operation, you could be under the assumption that legal problems only arise for large corporations. The truth is, any business — large or small — can become susceptible to lawsuits or other legal snags if the proper precautions are not taken.

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The Legal Logistics of Moving to Florida: Behind the Scenes at K&A

It’s been a big year for the K&A team. We’ve gone through a lot of changes over the past few months, and we’ve been working on something very exciting behind the scenes. You already know the Sarasota area is a vibrant place to live with plenty to offer the business and residential communities — it’s probably why you live here yourself! ...

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Missed the Tax Deadline? These Tips Will Help You

April 24, 2015

April 15 always seems to fly by, and the tax filing deadline along with it. If you still haven't filed your taxes, you're not the only one — but it's important that you take some immediate steps to avoid potential penalties.


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Is Your Business Growing? Think Twice Before Hiring Employees

April 17, 2015

Are you starting to feel the crunch of an expanding business? You might feel overworked, and stressed about the workload and your employees’ ability to manage the expansion. It’s time to hire additional staff. (Or, if you’re currently running solo, you’re ready for your first hire — congratulations! Your first instinct may be to hire a ...

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Think You're Ready to Buy a House? Read This First

April 10, 2015

The real estate market in Sarasota is thriving. We have real estate agents on our radio show almost every week talking about growth areas and new trends in buying and selling patterns. If you’re considering buying a home in the heart of the Gulf Coast, make sure you’re prepared. By following the steps below, you can make the process much easier and less ...

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Does Your Business Really Need an Operating Agreement?

If you're launching a business in 2015 you probably have an overflow of ideas, priorities, and questions running through your head. You might be overwhelmed by everything you need to do, or you might be wondering what the next step should look like. A common question we hear from our clients is: Does my business really need an operating agreement? An operating agreement ...

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How to Handle the Extra Pay Period in 2015

March 16, 2015

It happens once every 11 years, and it usually sneaks up on employers. Not this time! Typically, because our calendar year is 52 weeks, employers who pay their workers bi-weekly see 26 pay periods. In 2015, however, there is a total of 27 pay periods. That may sound strange, but when you run the numbers it actually makes a lot of sense. 26 bi-weekly pay periods cover ...

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5 Things Entrepreneurs Should Consider When Choosing Real Estate

February 26, 2015

It seems like everyone wants to do business online these days. We live in a world where commerce is accessible globally with the click of a button, and the possibilities for business owners are endless — but let’s not forget the value of doing business face to face. The Sarasota community is extremely business-friendly and offers plenty of resources for small ...

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Retirement Tax Planning Strategies for Entrepreneurs

February 13, 2015

Entrepreneurs need to pay special attention to their retirement planning. When budgets are tight and you're working hard to grow your business, it can be tough to imagine parting with a few extra dollars to save for retirement. But with some careful planning now, you can put yourself in a good position later for tax benefits and a reasonable retirement fund — even ...

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What's New in 2015 at the K&A Office

January 30, 2015

They say the only thing that stays the same is that nothing will ever stay the same. This is definitely true in business, and the K&A family has been evolving! Now that we’re elbow-deep into 2015, we have some exciting updates to share. A new member joined us at K&A in the fall. We’re so happy to welcome Kathrine Lupo to the team! Kathrine is a Stetson ...

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Annual Resale Certificate: What you need to know about sales tax exemptions in 2015

January 15, 2015

If you run a business in Florida, there’s a chance that you qualify for certain sales tax exemptions. According to the Florida Department of Revenue, products or services that you purchase with the intent to resell are often exempt from sales tax. But what does this mean, exactly? Let’s say you run a hair salon. You probably buy plenty of hair styling products ...

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Obamacare and Your 2014 Taxes: What You Need to Know

January 5, 2015

It’s only January, but you may already be growing weary of all the tax season talk. Don’t tune out, though - the tax code is more complicated this year than ever, and it’s important to stay informed so you can maximize your tax refund (or minimize your payments) without risking an audit. The Affordable Care Act, or Obamacare, definitely adds some stress ...

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Are You Committing a Labor Law Violation?

December 29, 2014

If you run a small business, you have a lot to think about: sales, expenses, taxes, and more. If you hire workers of any kind — such as full-time or part-time employees, temporary employees, or independent contractors — you also need to make sure that you're complying with the applicable labor laws. Labor laws were created to prevent companies from taking ...

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Are You A New Bride?

November 20, 2014

Planning for a wedding can prove to be quite the mind-boggling experience. There’s a lot to consider from choosing invitations, locating a venue, picking out flowers and cake designs, finding “the dress,” and figuring out which guests to sit where. The last thing a bride is going to want to contend with is what tax issues she needs to address after ...

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What Working Parents Need To Know

November 17, 2014

Millions of families find that they need two wage-earners in order to buy a home, pay the rent, go on vacations or simply, maintain the family budget. In most communities, two-working-parent families are the norm in American Society. Day Care is a necessity, now more than ever, especially since many grandparents find themselves working past the ages of 65 and 70 and no ...

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Growing Your Small Business Brand

November 10, 2014

This country is made up of small businesses, whether they’re of an independent consultant nature or a family-owned trade and/or service. Americans favor small businesses much more than large corporations because of what they represent: hard-working individuals who are honest, genuine, supporters of the community, and treat their customers like family. As a small ...

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Mistakes Small Business Owners Make

November 3, 2014

There’s something to be said for Small Business Owners … they are creative individuals not afraid to take risks and are living their dream with passion. Our country is made up of thousands of those like minds, now more than ever, and they are making our country stronger and more viable. Stepping out in the very beginning is not only a test of the ...

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How To Safeguard Tax Records Before Disaster Strikes

October 23, 2014

There is nothing like living in a sunshine state and the perks one gets to enjoy are awesome … beautiful sandy beaches, tropical breezes, and glorious weather greeting you nearly every new day. But like everything else in life, you have to accept the good with the bad; and in Florida, that means contending with severe tropical storms and hurricanes. When the local ...

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Energy Efficient Appliances Tax Holiday

September 15, 2014

Energy Efficient Appliances Tax Holiday The State of Florida Sales Tax Holiday for energy efficient appliances and products runs from Friday, September 19 through Sunday, September 21, 2014, and applies to the first $1,500 of the sales price of a new Energy Star or Water Sense product. However, the exemption only applies to one purchase of each specified type of Energy ...

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School Supply Sales Tax Holiday

July 28, 2014

School Supply Sales Tax Holiday The State of Florida School Supply Sales Tax Holiday runs from Friday, August 1 through Sunday, August 3, 2014, and covers (a) clothing, footwear, wallets, and bags (including backpacks and handbags) selling for $100 or less; (b) school supplies selling for $15 or less per item; and (c) the first $750 of the sales price for personal ...

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June 16 Deadline for Taxpayers Living Abroad

June 13, 2014

Deadline for Taxpayers Living Abroad Taxpayers living abroad who automatically qualified for the two-month extension must file their 2013 federal income tax returns by Monday, June 16, according to the Internal Revenue Service. The normal file date is June 15, however it falls on a Sunday this year. The automatic June 16 extension deadline applies to any U.S. citizen or ...

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Florida Sales Tax Holidays in 2014

May 29, 2014

Three Florida Sales Tax Holidays in 2014 Governor Rick Scott recently signed legislation providing for three separate sales tax holidays in 2014 for purchases of hurricane supplies, school supplies, and energy efficient appliances. The sales tax holiday for hurricane supplies runs from May 31 through June 8, 2014, and covers (a) portable self-powered light sources ...

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Tax Refund Identity Theft

May 29, 2014

Tax Refund Identity Theft Incidents of tax refund identity theft are on the rise. It is important to know how to prevent this from happening to you. In 2010, 15 percent of identity theft complaints were related to tax returns; by 2013, this had risen to 43 percent. The IRS reports that there were 1.6 million victims of tax refund identity theft in the first half of ...

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May 1, 2014 Changes to the Biggert Waters Flood Insurance Report Act of 2012

May 27, 2014

May 1, 2014 Changes to the Biggert Waters Flood Insurance Report Act of 2012 Effective May 1, 2014, certain provisions of the Biggert-Waters Flood Insurance Report Act of 2012 have been repealed. When originally enacted, Biggert-Waters eliminated eligibility for subsidies for buildings newly purchase or newly insured on or after July 6, 2012 and caused major premium ...

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Flood Zone Updates

May 14, 2014

Flood Zone Update Realtors should be aware that flood areas are in the process of being updated. Areas not previously considered in flood zones now are. Use the link below to find out the status of flood zone updates by zip code. To find out more, please go to https://www.floodsmart.gov.

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From the IRS: Amended Tax Returns

April 26, 2014

From the IRS: Amended Tax Returns The Internal Revenue Service projects that almost 5 million taxpayers will amend their returns by filing Form 1040X during 2014. Taxpayers who need to amend their returns should file this form only after filing the original return. Generally, for a credit or refund, taxpayers must file Form 1040X within 3 years, including extensions, ...

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Annual Reports Due May 1

April 25, 2014

Annual Reports Due May 1 All Florida Businesses registered with the Florida Department of State, Division of Corporations must file an annual report by May 1 of each year. The deadline for this year is coming up quickly and if the payment is late, a $400 penalty (that cannot be waived!) will be imposed. Additionally, if you do not renew, the business will ultimately be ...

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From the IRS: Make Plans Now for Next Year’s Tax Return

April 23, 2014

From the Internal Revenue Service: Make Plans Now for Next Year’s Tax Return Most people stop thinking about taxes after they file their tax return. But there’s no better time to start tax planning than right now. And it’s never too early to set up a smart recordkeeping system. Here are six IRS tips to help you start to plan for this year’s ...

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Annual Report Filing Deadline on May 1st

April 22, 2014

Annual Report Filing Deadline on May 1st Florida Secretary of State Ken Detzner released the following statement reminding business entities in Florida that the deadline for filing their annual reports is May 1, 2014. The filing deadline is approaching on May 1, and I encourage all business entities to file their annual reports as soon as possible,” said Secretary ...

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From the IRS: IRS Reminds Those with Foreign Assets of U.S. Tax Obligations

April 21, 2014

From the Internal Revenue Service: IRS Reminds Those with Foreign Assets of U.S. Tax Obligations The Internal Revenue Service reminds U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2013, that they may have a U.S. tax liability and a filing requirement in 2014. The filing deadline is Monday, ...

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How to Adequately Prepare for an Audit

April 21, 2014

How to Adequately Prepare for an Audit Do you find the audit process to be a downright burden? Businesses and entities often find themselves unprepared for an audit. Here are some tips on how to prepare for an audit. Remember, the results of the audit are your responsibility. As such, you should be preparing all year long, not just during audit season. Here are a few ...

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Chance of Audit Declines

April 21, 2014

Chance of Audit Declines From: ACCOUNTINGTODAY.COM By: Michael Cohen, Editor-in-Chief Washington, D.C. (April 17, 2014) The Internal Revenue Service is anticipating the chances of a tax return being audited to be the lowest in years. The IRS audited less than 1 percent of individual tax returns in 2013, the lowest rate since 2005, and the number of individual returns ...

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From the IRS: Eight Facts about Penalties for Filing and Paying Late

April 18, 2014

From the Internal Revenue Service: Eight Facts about Penalties for Filing and Paying Late April 15 is the tax day deadline for most people. If you’re due a refund there’s no penalty if you file a late tax return. But if you owe taxes and you fail to file and pay on time, you’ll usually owe interest and penalties on the taxes you pay late. Here are eight ...

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IRS Virtual Currency Guidance: Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes

April 17, 2014

From the Internal Revenue Service: Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; General Rules for Property Transactions Apply The Internal Revenue Service recently issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as Bitcoin. These FAQs provide basic information on the U.S. federal tax implications ...

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From the IRS: Ten Facts about Amended Tax Returns

April 15, 2014

From the Internal Revenue Service: Ten Facts about Amended Tax Returns Did you discover that you made a mistake after you filed your federal tax return? You can make it right by filing an amended tax return. Here are the top ten things to know about filing an amended tax return. 1. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct errors on your tax ...

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IRS Settlement with an Offer in Compromise (OIC)

April 14, 2014

Settlement with an Offer in Compromise If you owe money to the IRS, you may be able to reach an Offer in Compromise (OIC) to pay the money that you owe. An OIC provides a way to have a large portion of your tax debt forgiven. You must agree to pay a smaller amount in a timely fashion. Both the amount and the time is agreed upon by both you and the IRS. You may be able to ...

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From the IRS: Eight Common Tax Mistakes to Avoid

April 3, 2014

From the IRS: Eight Common Tax Mistakes to Avoid The Internal Revenue Service offers these following tips to avoid income tax return errors. We all make mistakes. But if you make a mistake on your tax return, the IRS may need to contact you to correct it. That will delay your refund. You can avoid most tax return errors by using IRS e-file. People who do their taxes on ...

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From the IRS: Time is Expiring to Claim 2010 Tax Refund

March 25, 2014

From the Internal Revenue Service: Time is Expiring to Claim $760 Million in Refunds for 2010 Tax Returns If you did not file a tax return for 2010, you may be one of over 900,000 taxpayers who may be due a refund from that year. If you are, you must claim your share of almost $760 million by the April 15 tax deadline. To claim your refund, you must file a 2010 federal ...

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Tips on Deducting Charitable Contributions from the IRS

March 24, 2014

Tips on Deducting Charitable Contributions If you are looking for a tax deduction, giving to charity can be a ‘win-win’ situation. It’s good for them and good for you. Here are eight things you should know about deducting your gifts to charity: 1. You must donate to a qualified charity if you want to deduct the gift. You can’t deduct gifts to ...

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President Obama Signs Flood Relief Law on March 21, 2014

March 21, 2014

From the Associated Press on Friday, March 21, 2014 WASHINGTON (AP) — Homeowners living in flood-prone areas are getting relief from big spikes in insurance costs under legislation President Barack Obama signed into law Friday. Lawmakers from both parties supported the measure in response to angry homeowners who faced sharp premium hikes after an overhaul of the ...

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How to Avoid Identity Theft with your Income Tax Return

March 18, 2014

How to Avoid Identity Theft with your Income Tax Return The IRS reports that cyber-crimes often occur with tax returns. Cyber thieves are crafty and their numbers are increasing. Here are seven ways you can avoid identity theft. 1. File as early as possible. Once a return has been filed and it is associated with a specific social security number, the IRS ...

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Methods of Ownership and Holding Title to Real Property

March 17, 2014

Real Property Ownership and Interests Methods of Ownership and Holding Title Tenancy by the Severalty When ownership of real property is in the hands of an individual or corporation it is referred to as a severalty estate. The law considers a corporation an individual which must act by corporate resolution with official decisions by the board of directors. The word ...

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Senate Passes Flood Insurance Fix Bill

March 14, 2014

Senate Passes Flood Insurance Fix Bill On Thursday Congress passed a bill to undo the federal flood insurance Biggert-Waters bill that imposed sharply higher premiums for property owners across the country and Florida. The U.S. Senate passed this corrective bill that will stop the big rate hikes faced by many primary homeowners while still stabilizing the flood ...

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Establishing Domicile in the State of Florida

February 21, 2014

Establishing Domicile in the State of Florida Welcome to Florida! To establish domicile in Florida, you should complete as many of the tasks listed below as are possible: 1. File a Florida Declaration of Domicile form with the Clerk of the Court, County Comptroller 2. File an application for Homestead Exemption on Florida residence 3. Register to vote, and actually ...

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Mortgage Debt Forgiveness Relief Act Not Extended – And Why That Isn’t Bad News!

February 18, 2014

MDFRA expired December 31, 2013 and has not been extended to 2014; although an extension is being considered by Congress. In December of 2007, Congress passed the Mortgage Debt Forgiveness Relief Act (MDFRA) to provide relief to struggling homeowners potentially facing crippling tax liability. When the United States Senate and House passed the 2012 American Tax Payer ...

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Tax Season Has Begun!

February 4, 2014

Tax Season Has Begun with the IRS sending out valuable information and videos on U Tube! IRS Kicks Off 2014 Tax Season; Individual Returns Can Be Filed Now; Free Online Services Available to Help With Filing, Refunds, EITC IRS YouTube Videos: Do It Yourself Free Tax Preparation: When Will I Get My Refund?: IRS Social Media: WASHINGTON — The Internal ...

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National Association of Realtors Flood Insurance Update

January 20, 2014

National Association of Realtors Flood Insurance Update: January 17, 2014 By Austin Perez, National Association of Realtors On Jan. 16, 2014, Congress passed the Omnibus Appropriations Bill (H.R. 3547) to fund the federal government through Sept. 30, 2014. The bill prohibits FEMA from implementing future premium increases on “grandfathered properties” for nine ...

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Sarasota Association of Realtors Reports Sales Up in November

January 8, 2014

Sarasota Association of Realtors Report Single Family Home Median Prices Up 20.6 Percent in November In their January news posting, the Sarasota Association of Realtors provided the following information on the Sarasota real estate market for November. Median sale prices for single family homes sold in Sarasota County in November 2013 were up 20.6 percent over last ...

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In the Market for a Home Loan? ACT FAST before Mortgage Loan Limits Change in 2014.

December 17, 2013

In the Market for a Home Loan? ACT FAST before Mortgage Loan Limits Change in 2014. Important news if you are in the market for a home loan: Effective January 1, 2014, the loan limit for FHA for Sarasota and Manatee Counties has been REDUCED to $285,200. This means that if you have been sitting on the fence about obtaining a mortgage, NOW is the time to apply for a ...

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5 Questions for Attorney Jo Ann Koontz

December 11, 2013

5 Questions for Attorney Jo Ann Koontz Here are five questions for real estate attorney and certified public accountant, Jo Ann Koontz. Jo Ann is founder of Koontz & Associates, PL, a law firm that focuses on Residential and Commercial Real Estate Law, Business Law, and Tax Law. Jo Ann is uniquely qualified to handle real estate legal matters and help to minimize ...

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IRS Issues Final Regulations on Installment Agreements, Offers-in-Compromise

December 10, 2013

The IRS has issued final regulations that provide user fees charged for processing installment agreements and offers-in-compromise. The regulations affect taxpayers who want to pay their federal tax liabilities through installment agreements and offers-in-compromise. These regulations are effective on December 2, 2013, and apply to installment agreements entered into, ...

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Beware of Phishing Scams!

December 5, 2013

BEWARE of Phishing Scams and Email Fraud! Recently, a client received a fairly official looking email from what appeared to be the IRS. Upon closer inspection, it was not from the IRS at all. Instead, it was a bogus notice fraudulently posing as the Internal Revenue Service. The attempt was to acquire social security numbers and personal financial information. NOTE: The ...

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IRS Delays Processing of 2013 Taxes

December 2, 2013

IRS Delays Processing of 2013 Taxes The Internal Revenue Service (IRS) announced that due to the 16-day government shutdown, they will begin processing tax returns one- to two-weeks later than planned. The original start date was January 21, 2014. With this delay, the tax season could begin no earlier than January 28 or as late as February 4, 2014. The IRS will not ...

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Jo Ann Koontz

[email protected] 941-225-2615