Aircraft Bonus Depreciation – A Primer

Make sure that your new aircraft purchase or major capital upgrade qualifies for the “100% bonus depreciation” provisions of the Internal Revenue Code and its regulations Read how

Guilty Until Proven Innocent – Florida Department of Revenue Audit Tactics

Taxpayers are responsible for complying with the law.  Auditors are supposed to administer the laws fairly and in good faith.  Some do not  Read more

IRS and Florida Department of Revenue Audits On The Rise

Human beings by nature respond to incentives, and in this world both the federal government and the state of Florida have an incentive to audit your business and find in the government’s favor  Read why
line

The New Health Care Legislation In A Nutshell

04/02/2010

The Patient Protection The Patient Protection and Affordable Care Act, as Amended by the Health Care and Education Reconciliation Act of 2010

Tax Changes / General Overview

Common Tax Filing Mistakes

02/15/2010

It’s that time of the year again – tax season!  This means we’ll all be busy collecting 1099s and 1098s and all kinds of other important looking documents beginning with “10″.  For those using TurboTax and other popular self-help filing software, it’s vitally important to avoid key reporting pitfalls that these packages do not handle well.  These include improper use of the Earned Income Tax Credit, how you treat your investment properties / rental real estate, how you treat your business losses, how you account for gains and losses in your stock trading account and so on.  Contact us with any questions!   Read More

Deadline for IRS Foreign Bank Account “Voluntary Disclosure”
Program Draws Near

08/28/2009

Some thoughts on the scope and impact of the FBAR program.
line

Making Home Affordable (?)

07/28/2009

One of the principal qualifications under the “Making Home Affordable” program announced by President Obama required that your loan-to-value be between 80-105% of the currently assessed value of the home. In English: To qualify for the program’s special low refinancing rates, you needed to have between 20% equity in your home up to being 5% upside down. The result? About four people in Florida came close to qualifying.

The upper limit (i.e. the amount by which you can be upside down) has been raised to 125% of the home’s value. So, in other words, if your home is currently worth $100,000, you might qualify if the amount of your loan is between $80,000.00 (80% LTV) to $125,000.00 (125% LTV). Better, but still very limited. There are a number of other qualifying factors, see http://makinghomeaffordable.gov/,

Ari Good can help you evaluate all of your options if you are facing foreclosure, attempting to modify your loan, or if you are facing unmanageable credit card debt or medical bills.

Loan Modification Outlook – Part II – Now What’s Going On?

04/24/2009

A number of proposals are working their way through the legislature addressing whether the American public will receive some relief from the mortgage meltdown and foreclosure crisis. If you missed my recent radio interview on Florida’s WGUF, please read the following summary:
http://www.goodattorneysatlaw.com/doc/LatestMortgageModification_04-2009.pdf

line
Legislative Update – The American Recovery and Reinvestment Act of 2009

02/16/2009

View the Analysis
http://www.goodattorneysatlaw.com/doc/AmericanRecovReinvestAct2009.pdf
line