Income Taxation Planning

Getting a letter from the Internal Revenue Service (IRS) is enough to make your heart jump. As you open it, you wonder what you did or didn’t do. You can prevent all that worry by having a tax attorney help you with income taxation planning every year.

The tax attorneys and business attorneys at France Law have the […]

Haven’t Filed Yet? What To Do

It’s tax time again. Most people should have already filed by the middle of February. The sooner you file, the less likely it is that someone will steal your identity and file “for” you. If you are getting a refund, that person will get the refund instead of you. You can tell if you were […]

Major Life Change? How They Affect Taxes

Tax laws constantly change, from year to year. We now have the child tax credit to work with, plus the standard life changes that have always affected your taxes. Life changes could affect your taxes for the better – or worse, depending on your situation. You may have to make changes to certain documents to […]

End of the Year Income Tax Checklist

Before you turn your taxes over to tax attorneys, know what your filing status is. You could claim several ways, depending on your situation. The choices you have are single, head of household, married, or married filing separately. The method you choose affects the deductions you might claim and the alternative minimum tax. For 2021, […]

Benefits: S Corporation Taxes

One of the first things you do when starting a new business is choosing a business structure. Each entity type has different methods of taxation. When choosing, you should take into account how many employees you have, how much growth you expect in the first few years of business, and whether you need corporate protection. […]

Basic Gift Tax Facts

When you give a friend or family member property, you could be making a taxable gift. The Internal Revenue Service (IRS) requires taxes on “gifts” of property, including cash, real estate, and other assets. Even if you do not intend for the asset to be a gift, the tax still applies. It can apply even […]

How To Get Unfiled Taxes Back On Track

Often, people wait until the last minute to file taxes. In some cases, they might not file taxes for a year or two. However, the Internal Revenue Service wants its money and charges two penalties for unfiled taxes: one for not filing on time and the other for not paying on time. Instead of getting […]

Tax Day Is Approaching! File Taxes Even If You Can’t Pay

Most people who draw a paycheck either get a refund or break even. Self-employed people and those who own businesses usually have to pay in at refund time unless they break even. If you manage to break even, that means you paid the right amount of taxes – and that is the best situation. Those […]

Avoid Gift Tax Mistakes

While Florida does not have a gift tax, you do have to pay a gift tax to the federal government. The gift tax rules are complicated in that they have limits for yearly gifts and lifetime gifts. If you gift someone something that is worth more than $15,000 in one year, you’ll have to report […]

How To File An Extension For Business Taxes

Some businesses might benefit from filing their taxes later, rather than sooner. If your business taxes pass through to your personal taxes, filing later gives you more time to max out your retirement deposits, find all those receipts, or get your deductions in order. However, you have to remember, while you can get an extension […]