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Plain-language explainers on IRS forms, Florida tax rules, ITINs, and business formation for the individuals and businesses we serve across Miami and far beyond, including internationally. Every claim links back to its primary source.

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Net Investment Income Tax: How the 3.8 percent Surtax Applies to Dividends, Rent, and Capital Gains

The 3.8 percent Net Investment Income Tax applies when MAGI exceeds $200,000 for single filers or $250,000 for married filing jointly. Dividends, capital gains, rental income, and royalties can all count. Here is who owes it and how to report it on Form 8960.

June 5, 20264 min read

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Small Business
Florida Economic Nexus: What Remote and E-Commerce Sellers Must Know About the $100,000 Threshold
Since July 1, 2021, Florida law requires out-of-state businesses with more than $100,000 in prior-year taxable remote sales to register, collect sales and use tax, and file electronically. Here is what remote and e-commerce sellers need to understand.
June 3, 20265 min read
Tax Planning
Form 709 and the $19,000 Gift Tax Annual Exclusion: A 2026 Guide
Form 709 explained: the 2026 IRS annual gift tax exclusion is $19,000 per recipient and the One Big Beautiful Bill set a $15,000,000 lifetime exemption.
June 2, 20264 min read
IRS & Compliance
IRS Audit Representation: What an Enrolled Agent Does for You
If the IRS selects your return for examination, you have the right to professional representation. An Enrolled Agent can respond to audit requests, handle document reviews, and appeal findings on your behalf.
June 1, 20264 min read
Small Business
Independent Contractor or Employee: How the IRS Common-Law Test Works
Misclassifying a worker as a contractor exposes your business to back employment taxes, interest, and penalties. Here is how the IRS three-factor framework applies, and what to do when the status is unclear.
May 29, 20264 min read
Tax Planning
Section 83(b) Election: File Within 30 Days to Lock In Your Restricted Stock Tax Basis
Founders and early employees who receive restricted stock subject to vesting can elect under Section 83(b) to pay tax on the grant-date value instead of the vested value. You have exactly 30 days from the transfer date to file with the IRS.
May 27, 20264 min read
Small Business
Work Opportunity Tax Credit: A Small-Business Guide to WOTC Eligibility and Filing
The Work Opportunity Tax Credit lets employers reduce federal taxes by claiming a credit on wages paid to hires from ten targeted groups facing barriers to employment. Here is how WOTC works, who qualifies, and how to file Form 5884.
May 26, 20264 min read
Tax Planning
Short-Term Rental Material Participation: The 7-Day Rule for Nonpassive Losses
When a rental property's average guest stay is 7 days or less, the IRS treats it as a trade or business, not a passive rental activity. Meet any material participation test and the losses flow directly against wages and other ordinary income.
May 23, 20264 min read
IRS & Compliance
CP2000 Notice: What It Means and How to Respond
The IRS sends a CP2000 when third-party income data does not match your return. Learn what the notice means, the three response paths, and how to avoid escalating penalties.
May 22, 20264 min read
Tax Planning
SALT Cap Raised to $40,000: OBBBA 2025 Changes and the PTET Workaround
The One, Big, Beautiful Bill Act raises the SALT deduction cap to $40,000 for 2025, with a phase-out above $500,000 of income. The pass-through entity tax election remains a complementary strategy under Notice 2020-75.
May 21, 20264 min read

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