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What Do Taxes Have to Do with the NBA Finals?

CPA Practice

Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. But the NBA Finals—and other sporting events—are connected to taxes in a big way. What is the jock tax?

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The Benefits of Delayed Business Filings

CPA Practice

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.

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Florida Lawyer Gets 8 Years in Prison for Fraudulent Charity Tax Claims

CPA Practice

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Over the years, Meyer ignored a chorus of people who advised him that his plan was illegal, including the IRS.

Florida 59
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Florida Lawyer Gets 8 Years in Prison for Fraudulent Charity Tax Claims

CPA Practice

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Over the years, Meyer ignored a chorus of people who advised him that his plan was illegal, including the IRS.

Florida 52
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Rea & Associates Merges in Koontz & Parkin in Florida

CPA Practice

Koontz & Parkin and Rea & Associates will be one firm under the Rea name, continuing to operate out of the Koontz & Parkin office in Sarasota, in addition to Rea’s Ohio offices. The merger enables New Philadelphia, Ohio-based Rea to expand beyond Ohio, particularly in the construction and real estate industries.

Florida 52
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Expatriation Exit Tax

KROST

Historically, tax practitioners have taken the viewpoint that US tax law (FACTA regulations) and the burden imposed on US expats and US foreign nationals by these laws very much explained the shifting desires of US citizenship. Studies show that US tax law is not the only concern of individuals exiting the United States.

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Eide Bailly and Apple Growth Partners to Join Forces Next Month

CPA Practice

The acquisition is Eide Bailly’s second largest in its over 100-year history, according to the firm, and marks Eide Bailly’s first offices east of the Mississippi as it enters the Ohio market. Apple Growth Partners has offices in in Akron, Cleveland, and Canton, OH, as well as locations in Schaumburg, IL, and Charlotte, NC.