South Florida Legal Guide Edward S. Sachs, Director of Litigation & Valuation Services at Appelrouth, Farah & Co. is awarded the 2011 Top CPAs & Financial Professional in Litigation Support by South Florida Legal Guide.
Your role as an executor or personal administrator of an estate involves a number of responsibilities. Did you know that part of your responsibility involves making sure the necessary tax returns are filed? And there might be more of those than you expect. Here’s an overview: Personal income tax. You may need to file a
U.S. citizens and resident aliens living overseas or serving in the military outside the U.S. receive an automatic two-month extension of the regular tax filing deadline. If this extension applies to your living situation, you have until June 15, 2017 to file your 2016 tax return. To use this automatic two-month extension, you must attach
The IRS has published depreciation limits for business vehicles first placed in service this year. These limits remain largely unchanged from 2016 limits. Because 50% bonus depreciation is allowed only for new vehicles, these limits are different for new and used vehicles. * For new business cars, the first-year limit is $11,160; for used cars,
Be aware that if you have unpaid federal or state debt, such as overdue child support, state income tax, or student loans, all or part of your 2016 income tax return may be redirected to pay the debt. This is called the offset program. If an offset occurs with your tax return, the Treasury Department’s
As the job market continues to improve, more people are embarking on a job hunt. Did you know there’s a potential tax break in a job hunt? You can deduct the cost of looking for a job in your current field, even if you don’t get the job. Typical expenses are travel to job interviews,