When You Have Unfiled Tax Returns
When an individual or business has unfiled tax returns it can lead to some of the most severe consequences possible in both IRS and State tax situations. Most individuals or business owners don’t realize that failing to file tax returns is a crime that the IRS does pursue. Under the United States Federal Penal Code […]
Federal Tax Deadlines Extended & Tax Relief Programs During COVID-19
The IRS has been tasked with collecting an unprecedented amount of taxes owed to fund the COVID-19 stimulus packages totaling more than $2.2 trillion ($2,200,000,000,000). The following release includes more information about the Federal tax payment deadline extension and related tax relief programs, as well as more information about what the stimulus packages mean for […]
Florida Sales Tax Basics: What Business Owners Need to Know
Sales tax by definition is a tax paid to a governing body for the sales of certain goods and services. In 1949, the State of Florida began the requirement for business owners to collect and remit sales tax for specified business activities. It is a law outlined in Chapter 212 of the Florida Statutes, and […]