By: Zachary Brown A tax incentive is a way that the government can encourage or attract certain economic activities to a particular area. Tax incentives typically are aimed at attracting investment as a way of increasing employment, economic output, research and technology development, and improving infrastructure to surrounding areas. Tax incentives are offered at the […]
https://www.lakelandlaw.com/wp-content/uploads/2014/12/tax-category-icons-02.jpg350350CCLM Lawhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngCCLM Law2019-09-05 07:00:442019-09-25 09:20:34LLC’s Electing to be taxed as S Corporation
By: Michael E. Workman, Esq. If you have bought or sold real property in Florida, or if you have borrowed money in Florida, then you have probably seen references to the collection and payment of documentary stamps taxes. You may have heard them referred to as doc stamps or the stamp tax. Documentary stamps taxes […]
The Tax Cuts and Jobs Act of 2017 (“TCJA”) lowered tax rates for businesses. However, certain business deductions of the past were eliminated as well. This article will address entertainment expenses and business meals under TCJA.
https://www.lakelandlaw.com/wp-content/uploads/2014/12/tax-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2018-10-18 07:00:102018-10-17 08:50:20Are Peanuts and Crackerjacks at the Ballpark Still Deductible for a Business?
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law. Most of the changes went into effect on January 1, 2018, and do not impact 2017 taxes.
https://www.lakelandlaw.com/wp-content/uploads/2014/12/tax-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2018-05-03 07:00:542018-05-02 16:25:02Alternative Ways for Charitable Giving After the Tax Cuts and Jobs Act of 2017
You finally did it. You worked hard, put the kids through college, saved enough money, and now your movers are packing up a moving truck destined for the warm Florida climate.
https://www.lakelandlaw.com/wp-content/uploads/2014/12/tax-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2017-06-29 07:00:022017-06-29 15:43:30Moving your Trust to Florida
Most people know that there is a tax break available to them on their home (house, condominium, co-ops apartments, and some mobile home lots also qualify). The way it works is that a tax exemption can be applied for at the local property appraiser’s office on a person’s home if the person owns and lives in the home that they are trying to obtain the exemption on by January 1 of the year they are trying to claim the exemption.
https://www.lakelandlaw.com/wp-content/uploads/2014/12/tax-category-icons-02.jpg350350Kevin Albaumhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngKevin Albaum2017-04-20 07:00:462017-04-20 12:02:30Homestead: More than Just a Property Tax Exemption
Do you have a collection that you wish to sell? If so, the IRS may determine that your collection is composed of “collectibles” and apply a 28% capital gains tax rate to any gain you may acquire from the sale of your collection. Generally, for most taxpayers, the capital gains tax rate is 15%.
https://www.lakelandlaw.com/wp-content/uploads/2014/12/tax-category-icons-02.jpg350350CCLM Lawhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngCCLM Law2014-12-18 10:47:552017-06-01 16:04:40Making Sure Your Donations Are Deductible
Q: Greening has decimated my small orange grove. How can I remove the trees but still retain the grove’s agricultural designation for property tax purposes?
https://www.lakelandlaw.com/wp-content/uploads/2014/12/tax-category-icons-02.jpg350350Justin Callahamhttps://www.lakelandlaw.com/wp-content/uploads/2022/02/lakelandlaw-logo.pngJustin Callaham2014-09-25 11:29:152015-10-20 11:30:46Greening May Not Cost You So Much Green
The Qualified Target Industry Tax Refund
/in Blog, Tax Law /by CCLM LawBy: Zachary Brown A tax incentive is a way that the government can encourage or attract certain economic activities to a particular area. Tax incentives typically are aimed at attracting investment as a way of increasing employment, economic output, research and technology development, and improving infrastructure to surrounding areas. Tax incentives are offered at the […]
LLC’s Electing to be taxed as S Corporation
/in Blog, Tax Law /by CCLM LawLimited liability companies (“LLC”) have become a popular entity for owning and operating a business.
DOCUMENTARY STAMP TAXES
/in Blog, Tax Law /by Mike WorkmanBy: Michael E. Workman, Esq. If you have bought or sold real property in Florida, or if you have borrowed money in Florida, then you have probably seen references to the collection and payment of documentary stamps taxes. You may have heard them referred to as doc stamps or the stamp tax. Documentary stamps taxes […]
Are Peanuts and Crackerjacks at the Ballpark Still Deductible for a Business?
/in Blog, Tax Law /by Kevin AlbaumThe Tax Cuts and Jobs Act of 2017 (“TCJA”) lowered tax rates for businesses. However, certain business deductions of the past were eliminated as well. This article will address entertainment expenses and business meals under TCJA.
Alternative Ways for Charitable Giving After the Tax Cuts and Jobs Act of 2017
/in Blog, Tax Law /by Kevin AlbaumOn December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law. Most of the changes went into effect on January 1, 2018, and do not impact 2017 taxes.
Tax Deed Sale or Tax Deed Fail?
/in Blog, Tax Law /by CCLM LawQ: I’d like to purchase property at an upcoming Tax Deed sale. What do I need to do, and what should I be aware of?
Moving your Trust to Florida
/in Blog, Tax Law /by Kevin AlbaumYou finally did it. You worked hard, put the kids through college, saved enough money, and now your movers are packing up a moving truck destined for the warm Florida climate.
Homestead: More than Just a Property Tax Exemption
/in Blog, Tax Law /by Kevin AlbaumMost people know that there is a tax break available to them on their home (house, condominium, co-ops apartments, and some mobile home lots also qualify). The way it works is that a tax exemption can be applied for at the local property appraiser’s office on a person’s home if the person owns and lives in the home that they are trying to obtain the exemption on by January 1 of the year they are trying to claim the exemption.
Collecting Taxes on Collectibles
/in Blog, Tax Law /by CCLM LawDo you have a collection that you wish to sell? If so, the IRS may determine that your collection is composed of “collectibles” and apply a 28% capital gains tax rate to any gain you may acquire from the sale of your collection. Generally, for most taxpayers, the capital gains tax rate is 15%.
Federal Historic Tax Credit
/in Blog, Tax Law /by CCLM LawQ: What are the general requirements for the Federal Historic Tax Credit?
REEP Credit
/in Blog, Tax Law /by Justin CallahamQ: Planning ahead for my 2016 taxes, can I get tax credits or deductions for installing energy efficient products in my home?
Federal Tax Liens
/in Blog, Tax Law /by CCLM LawQ: The IRS has filed a tax lien against me, and I would like to sell my home. What should I do?
Making Sure Your Donations Are Deductible
/in Blog, Tax Law /by CCLM LawQ: During the Christmas season I donate money and toys to various organizations. Are these donations tax deductible?
Greening May Not Cost You So Much Green
/in Blog, Tax Law /by Justin CallahamQ: Greening has decimated my small orange grove. How can I remove the trees but still retain the grove’s agricultural designation for property tax purposes?