Tax Day is Monday, April 18, 2016

Tax Day is NOT April 15th this Year “April 15th” is infamous. Simply speaking this date brings about anxiety in most people. Because traditionally, the deadline for filing your Income Tax Return is April 15th every year. In 1913, Congress declared the first official “Tax Day” to be March 1, 1914. It was pushed back to March 15th in 1918, and was changed to the current April 15th in 1955. However, in some years we are granted a few extra … Continued

April is Child Abuse Prevention Month

Go Blue to Protect Florida Children Blue ribbons and pinwheels adorn businesses and homes alike in support of bringing about a conscious awareness surrounding prevention. April was first proclaimed as National Child Abuse Prevention Month in 1983. The Blue Ribbon Campaign to prevent child abuse was begun in 1989, and Prevent Child Abuse America introduced Pinwheels for Prevention in 2008. The Children’s Bureau of the U.S. Department of Health and Human Services funds the annual initiative, and they outline the history of … Continued

Do I have to pay the ACA Penalty for not having health insurance?

For many taxpayers without health insurance, the 2015 tax year is going to sting a lot more than 2014. The sting is the result of a significant increase in the Affordable Care Act (ACA) penalty for not having health insurance. Fortunately however, there are a lot more options to avoid the ACA penalty than many people realize. What is the “ACA Penalty?”  The proper name for the ACA Penalty is the “Individual Shared Responsibility Payment.” This penalty is the mechanism … Continued

Can I take the Home Office Deduction?

Chances are, if you are asking this question, you probably don’t qualify to take the “Home Office Deduction.” Income Tax Deduction: Business Use of Your Home The deduction for the business use of your home, commonly referred to as the “Home Office Deduction,” has long been thought to be one of the biggest triggers for an audit from the IRS. Much debate and many statistician hours have been devoted to determining whether this is in fact on the IRS’ “list” … Continued

Florida Tops the List of Business-Friendly Tax States

Florida’s tax climate is much more welcoming than those of neighboring states, Alabama and Georgia. The Tax Foundation recently released its “State Business Tax Climate Index,” and the Sunshine State outshined its neighbors. Ranking fifth in the U.S. for its overall tax system, Florida fared well in each of 5 major areas of state taxation.      Florida       Alabama      Georgia Overall Rank                                 … Continued

Broward County Judge Rules in Same Sex Divorce Case

A Way In Requires A Way Out Seventeenth Circuit Court Judge Dale Cohen ruled today in Broward county that Florida’s ban on same-sex marriage is unconstitutional. Jude Cohen’s ruling makes him the third judge in Florida to hand down such a ruling – all within less than three weeks. (Following the Sixteenth Circuit ruling in July, Eleventh Circuit Judge Sarah Zabel in Miami ruled in favor of six same-sex couples, holding that Florida’s 2008 ban cannot stand in light of … Continued

Judge Rules Florida Same Sex Marriage Ban Unconstitutional

The Right to Marry is a Fundamental Right In Florida same sex marriage equality made major headway within the legal system. Judge Luis Garcia ruled yesterday that Florida’s ban on same-sex marriage violates the United States Constitution. In his ruling on Huntsman v. Heavilin, the Monroe county Sixteenth Circuit judge said, This court concludes that a citizen’s right to marry is a fundamental right that belongs to the individual. This case came before the court in an action brought by Aaron … Continued

Nascar Race for the Chase

Tax Breaks for Tracks Today marks the end of the season for the NASCAR Sprint Cup Chase. For those of you who are not race fans, today is akin to the Super Bowl or the World Series of racing. Today’s race – the Ford EcoBoost 400 – is truly an event to experience; and for race fans, today’s experience at the Homestead-Miami Speedway will be much like those of children at an amusement park.  The beginning of the 2013 race … Continued

Only Robots Remain to Help Taxpayers

IRS Automation Works Against Taxpayers Filing with Extension Government Shutdown Means No Help for Taxpayers Facing an October 15th Filing Deadline With the government shutdown, no personnel at the IRS call centers leaves Taxpayers with only robotic automated answers to very general filing questions.  More than 12 million individuals requested an extension for filing their 2012 Federal Income Tax Returns this year. When the government shutdown took effect on October 1st, according to the IRS, “many” taxpayers had not yet filed their 2012 tax returns. The deadline for … Continued

We Know Tax . It Runs in Our Blood .

Trusted Tax Experience The Priest Firm, LLC is so very proud of Misty Priest’s sister, Autumn Brown. She has been recognized by the accounting community for her achievements in the field. Read about Autumn here: http://blog.rogercpareview.com/2013/09/student-of-month-spotlight-september.html At the The Priest Firm, LLC, we know tax. It runs in our blood.