by TaxGenuity Tax Experts | Jun 17, 2018 | Tax Advice
Crowdfunding websites such as Kickstarter, GoFundMe, Indiegogo, and Lending Club have become increasingly popular for both individual fundraising and small business owners looking for start-up capital or funding for creative ventures. The upside is that it’s...
by TaxGenuity Tax Experts | Jun 13, 2018 | Tax Advice
Many parents are looking for ways to save for their child’s education and a 529 Plan is an excellent way to do so. Even better, is that they are now available to parents wishing to save for their child’s K-12 education as well as college. Every state has a...
by TaxGenuity Tax Experts | Jun 10, 2018 | Tax Advice
Each year, the IRS mails millions of notices and letters to taxpayers for a variety of reasons. If you receive correspondence from the IRS here’s what to do: Don’t panic. Call our office at 727 330-3500 and inform us that you received an IRS letter. We...
by TaxGenuity Tax Experts | Jun 7, 2018 | Tax Advice
In yet another new twist on an old scam–this time affecting non-resident aliens and international taxpayers–criminals are using a fake IRS Form W-8BEN to solicit detailed personal identification and bank account information from victims. Here’s how...
by TaxGenuity Tax Experts | Jun 4, 2018 | Tax Advice
U.S. taxpayers with undisclosed foreign financial assets should take advantage of the Offshore Voluntary Disclosure Program (OVDP) before the program closes on September 28, 2018. The planned end of the current OVDP also reflects advances in third-party reporting and...
by TaxGenuity Tax Experts | Jun 1, 2018 | Tax Advice
What should you do if you already filed your federal tax return and then discover a mistake? First of all, don’t worry. In most cases, all you have to do is file an amended tax return. But before you do that, here is what you should be aware of when filing an...
by TaxGenuity Tax Experts | May 29, 2018 | Tax Advice
An IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct. IRS audits are conducted...
