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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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, ...

The Limited Liability Company (LLC) has become an increasingly popular vehicle for the foreigner buyer, or real estate investor seeking to establish a level of personal liability and asset protection, while minimizing their tax liability. An LLC with foreign members has the flexibility to decide whether to be taxed as a partnership, C corporation or, in the case of a ...