Accounting firm in Brickell, Miami +1 305 856-5689 info@brickellaccountants.com

Five Facts about the Opportunity Zone Tax Incentive

Providing tax benefits to investors who invest eligible capital into distressed communities throughout the U.S. and its possessions, Qualified Opportunity Zones (QOZs) were created under the Tax Cuts and Jobs Act of 2017 to spur economic development and job creation....

Who Should File a 2018 Tax Return?

Most people file a tax return because they have to, but even if you don’t, there are times when you should–because you might be eligible for a tax refund and not know it. The six tax tips below should help you determine whether you’re one of them. 1....

Avoiding the Penalty on Early Distributions

Many people use IRAs, SEP Plans, SIMPLE IRA plans, and employee-sponsored retirement savings plans such as the 401(k) to save money for their retirement years, but what if you need to tap that money before age 59 1/2? The bad news is that you generally have to pay a...

Seven Common Small Business Tax Myths

The complexity of the tax code generates a lot of folklore and misinformation that could lead to costly mistakes such as penalties for failing to file on time or, on the flip side, not taking advantage of deductions you are legally entitled to take and giving the IRS...

2019 Tax Filing Season Begins

January 28 marked the start of 2019 tax filing season, and it’s the first time taxpayers will be filing under the new tax reform laws, most of which became effective in 2018. Complicating matters is a newly revised Form 1040, U.S. Individual Income Tax Return,...
IRS adds more features to taxpayer online accounts

IRS adds more features to taxpayer online accounts

The Internal Revenue Service has supplemented its online tax account tool with some new self-service features for taxpayers and their preparers. The IRS debuted the tool last December, offering taxpayers the ability to look up basic information such as the balance due...
How to find a good tax preparer

How to find a good tax preparer

Tax preparers do a big chunk of America’s tax returns — more than 80 million a year, according to the IRS — but if you’re nervous about handing confidential information to someone in a largely unregulated field, you’re not alone. Here are some tips to help you find a...
Tax advice for investors

Tax advice for investors

Investors with sterling financial discipline see big income tax refunds as mistakes. For the rest of us, though, a big refund can be a shot at redemption. “I remember at the beginning of my career, I would push really hard not to let people get refunds,” said Marc...