Formation Sole proprietorships are formed by an individual deploying their own assets and liabilities in the pursuit of a business venture. There are generally no organizational documents, or other f
Formation General partnerships are formed by two or more individual owners associating to carry on a business for profit. There are generally no organizational documents, or other formalities require
Formation A corporation is generally formed by one or more individual owners (shareholders or stockholders) filing articles of incorporation with the Florida Secretary of State. As part of the format
Formation A limited liability company is somewhere in between a corporation and a partnership. The operating rules for a corporation are generally found in the Florida Statutes, while the operating r
Formation Limited partnerships are formed by two or more individual owners associating to carry on a business for profit, and filing a certificate of limited partnership and affidavit of capital cont
Filing Requirements Generally Depending on your filing status, there are different income thresholds below which you do not need to file a federal income tax return with the Internal Revenue Service.
This is more common that folks would think, but it is a very serious problem that requires immediate action. If this is you, I strongly urge you to take immediate action to get the situation resolved. It can be a crime to fail to file your tax returns, punishable with jail time.
Debt Forgiveness When debt is forgiven by a lender, or discharged in a bankruptcy, there is potentially taxable income that must be reported for federal income tax purposes. The resulting tax liabili
STEPS 1. The first step is to determine if the tax was properly assessed. Is the tax assessed at the right amount? Do you owe the tax? Is it cost effective to revisit the amount of the tax? 2. The ne
Decedent is not married and has no children When a Florida resident passes away intestate leaving no surviving spouse or children, his or her estate passes to the decedent’s parents, if living, or, i