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Monthly Archives: June 2023
Can You Buy a House If You Owe Federal Taxes in Florida? 2024
If you are planning on purchasing a house, and you owe federal taxes, you may have options that allow you to meet your goal of home ownership, even though you owe the IRS, depending on your situation. The most ideal way to buy a home…
IRS Tax Audit Process 2024: What to Expect?
There has been a great deal of discussion about the $80 billion operating budget the Internal Revenue Service (IRS) received as part of a plan to reverse inflation. This legislation, coined the Inflation Reduction Act, includes plans to make the IRS a world-class customer service…
Florida Self Employment Tax 2024 – All You Need to Know
If you own your own business, are an independent contractor, or are a freelancer, you may have to pay self-employment tax. If you are paid in cash or receive a 1099 form from a company you provide services for, you are considered an independent contractor…
Can You Go to Jail for Not Filing Taxes in Florida? 2024
If you do not file your taxes, there are severe consequences. First, you risk forfeiting your refund if you don’t file. Refunds must be claimed within three years of the due date of the return, so if you have back tax returns that need to…
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