Blog
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How the Estate Tax is Calculated
Will My Beneficiaries Have to Pay the Estate Tax? The estate tax, more ominously known as the death tax, is a federal tax that is due when a deceased person’s estate exceeds a certain monetary threshold. The federal estate tax is brutal, since an estate that is subject to the estate tax will owe roughly […]
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Winning Your Audit Part 3: IRS Automated Adjustment
This is part 3 of 6 of our in-depth guide to winning your audit. When the IRS Increases Your Tax Bill Without an…
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Winning Your Audit Part 2: Audit Selection
This is part 2 of 6 of our in-depth guide to winning your audit. Audit Selection—Why Me, O Lord? You just got an…
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Winning Your Audit: An In-Depth Guide
This chapter deals with the types of IRS audits—both correspondence and face-to-face—that individuals and small business owners are most likely to face.
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How to Save Funeral Plans, Burial Spaces/Plots, and Prepaid Burial Contracts from Florida Nursing Home Medicaid
Funeral plans, burial spaces/plots, and prepaid burial contracts are exempt for Florida Medicaid if the funeral plan or burial contract is irrevocable. These…
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What is a Florida Medicaid Qualified Income Trust (QIT)?
A Florida Medicaid Qualified Income Trust is used when an individual has too much income to qualify for Medicaid. Currently the yearly Medicaid…
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Funeral Plans and Florida Medicaid Exemption
When are Funeral Plans, Burial Spaces/Plots, and Prepaid Burial Contracts Exempt from Florida Medicaid? Funeral plans, burial spaces/plots, and prepaid burial contracts are…
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Are Out of State Powers of Attorney Valid in Florida?
The short answer is yes. If a Power of Attorney was validly created in another state, then the Power of Attorney is valid…
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5 Steps to Correct or Amend a Florida Death Certificate
Errors on Florida death certificates frequently happen. Thankfully, there’s a way to fix these Florida death certificate errors through the Florida Department of…
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Deducting Travel, Entertainment, Meals, and Gifts as a Business Expense
The key to maximizing your tax savings is knowing the best ways to deduct business operating expenses to produce the very lowest taxable…
