Florida Tax Amnesty
Florida needs your money. As an incentive to induce taxpayers to come forward, the Florida Department of Revenue has instituted a Tax Amnesty program from July 1 until September 30, 2010. All taxes administered by the Department of revenue qualify except for unemployment taxes.
Amnesty It is the taxpayer’s opportunity to voluntarily pay
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IRS Audit of Your Business - by Steven Eisenberg, Ft. Lauderdale FL Tax Lawyer
The economy is bleak, tax revenues are down, the deficit is expanding faster than Joey Chestnut's stomach after downing 68 Nathan's hotdogs. So what's the government to do? The answer is simple, unleash the IRS on preselected businesses, and have them audit four(4) areas ripe for generation of additional taxes,
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Why You Should Have an Estate Plan-by Steven Eisenberg, Estate Planning in Ft. Lauderdale-Hollywood-Plantation FL
Why You Should Have an Estate Plan
The 2008 Presidential election is now over. It would appear that a "Change is coming" philosophy, may "CHANGE" the estate tax rates(increased) and such change may affect your current estate plan.
This "changed" enviroment should cause you to re-examine your present estate plan to take
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Your Liability for Payment of Employment Taxes-by Steven Eisenberg, Tax Lawyer Coral Springs, Plantation, Hollywood FL
Your Liability for Payment of Employment Taxes
The Internal Revenue Code provides that when you are required to collect or withhold any payroll related taxes from any other person and to pay over such tax to the United States, the amount of the tax shall be held in "trust" for the United
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Employee versus Independent Contractor - by Steven Eisenberg, Ft. Lauderdale-Hollywood-Plantation Tax Lawyer
IRS and the State of Florida has announced a new audit program to ensure that workers are being classified properly as employees rather than independent contractors. In these times of economic peril, Employers seeking to reduce their overhead may attempt to reclassify or mis classify workers as independent contractors rather than
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Life Insurance Trusts and Estate Planning - by Steven Eisenberg, Estate Planning and Tax Lawyer in Ft. Lauderdale, Florida
Life Insurance Trusts and Estate Planning
For those of you who want to provide for a spouse or other beneficiaries, Life Insurance held in an irrevocable trust ("ILIT") is the way to go. An ILIT can shelter the insurance proceeds from estate taxes, provide a "creditor free" asset and cash flow
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Special Needs Trust, by Steven Eisenberg, Ft. Lauderdale FL Estate Planning Attorney
WHAT IS A SPECIAL NEEDS TRUST?
Created by Omnibus Reconciliation Act of 1993 ("OBRA ‘93") - under 42 U.S.C. § 1396p(d)(4), the legislative intent was to enable disabled persons to have their assets sheltered and to supplement government benefits the beneficiary receives.The Special Needs Trust (SNT) is the type of trust you
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The Hire Act Part 1 2010 March Madness
Dear Friends
On March 18, 2010, the "Other" major tax act was passed into law. It is called the 'Hire" Act and as an individual or business owner it will affect you!!!!!!
If you own foreign assets or bank accounts the law became more stringent/onerous for failure to report these assets/accounts.
What follows
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2010 No Estate Tax Review Your Estate Plan
January 15, 2010
Estate Planning Alert!!!! Review!!! Review!!!! Review!!!
Dear Friends
AS OF January 1, 2010 there is no estate or generation-skipping tax, for now. IF Congress DOES NOTHING IN 2010, IN 2011 ESTATE TAXES WILL KICK IN AT 1 MILLION DOLLARS AT A 55% MARGINAL RATE. Your existing estate plan may be
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Take Care of Your Pet
Florida Statute 737.116 allows you to create a Trust for your Pet in the event of your disability or death. In the event of your death, without a trust, your Pet becomes an asset subject to Probate. In the event of your disability, since your Pet is considered an asset
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