» Tax Law

Steps to Take If The IRS Contacts You

Steps to Take If The IRS Contacts You,by Kevin Carmichael, Health & Wellness Magazine, August 2018, Collier Edition Read More
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Categories: Tax Law

Deductibility of Business Meals

The Tax Cuts and Jobs Act (TCJA) disallowed business deductions for entertainment, amusement, or recreation. Recently, the IRS has clarified that taxpayers may continue to deduct 50% of food and beverage expenses associated with their trade or busin… Read More
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Time is Almost Up to Elect out of NEW Depreciation Deduction

  Time is running out to elect out of new 100-percent depreciation deduction for 2017. The new 100-percent deduction allows businesses to write off most depreciable business assets in the year they are placed in service. This deduction was crea… Read More
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Income Tax Reduction with Trusts

Attorney Kevin Carmichael explains the growing importance of income tax planning for irrevocable trusts in light of the Tax Cuts and Jobs Act. To read the article, please click below:  Income Tax Reduction with Trusts         Read More
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What is The Foreign Investor in Real Property Act - FIRPTA?

In general, a non-U.S. person owning real property in the United States will be subject to the Foreign Investor in Real Property Act (FIRPTA) when disposing of U.S. real property. United States tax law requires the payment of income tax on certain di… Read More
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Categories: Tax Law

Have You Disclosed Your Foreign Assets to the IRS? If not, you are Running out of Time.

United States taxpayers holding financial assets outside of the United States have a financial obligation to report certain foreign assets to the Internal Revenue Service (IRS). Under current law, taxpayers must report foreign accounts in which they… Read More
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Categories: Tax Law

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