Eliminating IRS Penalties

Eliminating IRS Penalties

When you file or pay your taxes late or are audited and changes are made to your return the IRS will usually assess a penalty against you. The IRS penalty rates vary from  5 percent of…

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Video: Tax Rules for Same-Sex Couples

Video: Tax Rules for Same-Sex Couples

From Paul Caron

Jail Time for Failure to Remit Florida Sales Taxes

Jail Time for Failure to Remit Florida Sales Taxes

It’s no secret that Florida has stepped up its efforts to find and prosecute individuals who are responsible for collecting and remitting sales taxes to the Department of Revenue. Now, it seems that the state…

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IRS Settlements: Fresh Start Initiative

IRS Settlements: Fresh Start Initiative

ATTENTION CENTRAL FLORIDA TAXPAYERS The Internal Revenue Service is continuing its expansion of the “Fresh Start” initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most…

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Florida Doctor Convicted of Federal Tax Crimes

Florida Doctor Convicted of Federal Tax Crimes

The United States Department of Justice reports that Dr. Patricia Lynn Hough, of Englewood, Fla., was convicted by a jury in Fort Myers, Fla., of conspiring to defraud the Internal Revenue Service (IRS) by concealing millions…

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