There are two types of bad-debts: business and non-business. A business bad debt expense arises from operating your trade or business, so it is pretty simple to spot. These deductions are deducted on Schedule C of an individual income tax return or on the applicable business income tax return.
A foreclosure is the legal process in which the lender attempts to recover the balance of a loan by forcing the sale of the property used as collateral for the loan. Foreclosure occurs when the homeowner is unable to make mortgage payments to the lender. A homeowner has a few options to avoid foreclosure.
If you’ve been to any #CoralGablesChamber event, it’s likely that you’ve had a conversation with
The question of liability for the actions of a third party has been litigated on
Immigration Reform and Control Act of 1986 (IRCA) requires all employers to complete a Form
Unreported foreign accounts or income could trigger huge penalties and criminal liability in the U.S.
When a client purchases a life insurance policy, there is usually a fee attached to
Litigation is not always complex issues with big payouts for the winning party. There are
What does it mean to be a Notary Public in the United States? A Notary
What is a Foreclosure? A bank will usually foreclose on your house after you have
You’ve received a foreclosure complaint. Before you have a panic attack and believe you are
We have an amazing special guest for this Shining Star spotlight interview. We got the
The short answer is: “It depends.” This is the first question we are asked whenever
In Florida, it is very common for individuals to own second homes in other counties,
Losing a loved one can be devastating for any family, but even more so when
Under Florida law, you cannot intentionally disinherit your spouse unless your spouse agrees to receive
A Totten Trust is a type of estate planning mechanism more commonly known as a
Miami has been developing as an entrepreneurial mecca for quite a few years now. With
What is an Intentionally Defective Grantor Trust? An “Intentionally Defective Grantor Trust” (IDGT) is a
In the wake of the 2017 cryptocurrency “fever,” the wall street journal shines light on
The Florida Supreme Court issues a SUA Sponte suspension of Jeremy Alters. A sua sponte
How Do You Plan Your Estate If You Have Property Located Outside the U.S.? A
If you are a snowbird or a person that likes to spend a considerable amount
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal
If you are reading this article, it is likely because you or someone you know
Keeping the theme meeting new people, we are excited to introduce you all (and yes,
1. Resident Alien of the U.S. for Tax Purposes Under the Internal Revenue Code, an
The Offshore Voluntary Disclosure Program or, OVDP, essentially is designed to allow taxpayers to come