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Here The Important Facts about Filing Late and Paying Penalties April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If taxpayers are due a refund, there is no penalty if they file a late tax return. Taxpayers who owe tax, and failed to […]

The newly signed law (12/18/15) called “Protecting Americans from New Tax Hikes Act of 2015” has some good things and some not so good ones.  Again, I chuckle (because I do not want to cry) at the way our government leaders come up with catchy and, frankly, deceptive phrases to try to make ‘we, the […]

TAX AND ACCOUNTING LAST UPDATE FOR 2015, WHAT YOU MUST KNOW! I was at one of my continuing education seminars yesterday.  It is becoming increasingly clear that our government and those of the rest of the world are becoming much more intrusive and creative trying to get more money in their coffers.  This, in turn, […]

If associations do not formally vote, at a duly called meeting, with 14 day notice, to forego retrofitting the association units with sprinkler systems and installation of guardrails, as detailed in my prior post entitled “Condominium Association Fire Safety Retrofitting Requirements, then associations will have to spend, possibly hundreds of thousands of dollars to retrofit […]

Florida Statute 718.1085 and Florida Administrative Code 61B-23.002 disclose the retrofitting requirements for condominium and homeowner associations. By December 31, 2016, a residential condominium association that is not in compliance with the requirements for a fire sprinkler system and has not voted to forego retrofitting of such a system must initiate an application for a […]

Seis Consejos Clave sobre la Deducción de Oficina en el Hogar Edición Número: Consejo Tributario del IRS 2015-42SP Si usa su hogar para negocio, es posible que pueda deducir los gastos por el uso comercial de su hogar.. Si califica para la deducción puede usar el método simplificado o el regular para reclamar su deducción. […]

The retrofitting requirements for condominium and homeowner associations. Florida Statute 718.1085 and Florida Administrative Code 61B-23.002 disclose the retrofitting requirements for condominium and homeowner associations. By December 31, 2016, a residential condominium association that is not in compliance with the requirements for a fire sprinkler system and has not voted to forego retrofitting of such […]