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La Rusa
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Tax Tip: 14-Day Rental If you own your residence, then you can rent it out to non-family members for up to 14 days, and the income you earn is not taxed. If you want to make this a business deduction, simply rent your home to a friend’s business and vice-versa:

You rent your home to a friend’s business (non-family member) for up to 14 days. They take a deduction on their return for the rent, but you pay nothing on the rental income.
Do the same with your business by renting your friend’s home. You take the deduction and they do not claim the income.
Make sure you are using the homes for business meetings of some kind, and get quotes from hotels or convention centers so you can justify the amount of rent you are charging each day.
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Meet our team of beautiful talented ladies who are r day to help you, right here in Wesley Chapel, to get enrolled into Affordable Care Act health insurance plan. Reach us at 814-867-7111
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Did you know that Affordable Care Act (Obamacare) health insurance offers free annual check ups and preventive care (mammograms, colonoscopies, etc)? Did you know that prenatal care and breastfeeding support are offered at no extra cost? Let us help you select the best plan for you. Our services are FREE and we are local Wesley Chapel business. Call us 813-867-7111.
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Confused about Obamacare plans? Call you local Wesley Chapel team to help you get enrolled into Affordable Care Act insurance.
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Your local Wesley Chapel company is here to help you select the best plan that qualifies for Affordable Care Act (Obamacare) subsidy. Call us 813-867-7111
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How many stars would you give Uncle Sam?

The federal government has reached a deal with the San Francisco-based website Yelp. You can now post your ratings! The questions remains will the government ever read them. How will you rate IRS? One star? Two?

More at http://LaRusaTax.com
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SCAM ALERT!

Tax identity thieves are quick studies. They've been listening to the Internal Revenue Service warn us that the tax agency will not send e-mails or call us to discuss tax problems. Instead, notes the IRS, it always contacts taxpayers first via old-fashioned snail-mailed letters. So that's what tax crooks now are doing, too.

One of our clients received an official looking letter from the IRS about an overdue tax bill. Now that folks are getting wise to that scheme, crooks are following real IRS protocol and mailing falsified letters.

Please know that real letters from the IRS, even those about amounts the agency says you owe, do not demand that you send it or its agents payments via pre-debit cards. And initial written notices from the IRS also give you time to respond to or rebut the agency's request for additional tax payment.

If you do you receive correspondence, written or electronic, that looks suspicious and was designed to appear as though it came from the IRS, let the agency know by calling 1-800-829-1040.
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IRS is looking into GoFundMe donations to generate more tax revenues. One of recent tax court cases deal with GoFundMe account of a car crash survivor who survived serious injuries, but during treatment doctors also discovered she had several cancerous tumors. Casey's sister, Courtney, set up the online GoFundMe account "Caseys Cure" to raise money for the family's growing medical costs.

To date, the crowdsourcing effort has collected $50,000. And now the IRS wants more than $19,000 of the money. It is all based on the fact that If a campaigner raises more than $20,000 or has more than 200 contributions, the payment processor is required to send the promoter a 1099-K to make sure the money is reported to the IRS as taxable income.

Please consult us to know all tax implications before setting up GoFundMe accounts.

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Tampa Bay Area is truly a paradise, but note that it's also a tax heaven. More at http://LaRusaTax.com
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Much buzz has been generated from new micro nation Liberland. I have personally heard people say that they will get this country's passport to avoid high taxes in USA. Hold your horses! Let's assume that Liberland will be more than just a political stunt and this new country will become become a reality. Let's also assume that anyone will be able to apply and get a citizenship (reminder, it is just 7 sq. miles, not so big, if you ask my opinion). Let's first review IRS Publication 54, Tax Guide for U.S. Citizens and Residents Aliens Abroad. It clearly states that the maximum exclusion amount in 2014 is $99,200, meaning this is how much income you can make and not pay any U.S. Tax. However, you have to be a Bona Fide Resident of another country, meaning you do not live in the United States for over 330 days during a 12-month period. You also must have foreign earned income, i.e. earn it in Liberland. Finally, United States must actually sign a tax treaty with this new country. If you have whatever other reasons to be a part of Liberland, good for you, but if you just want to avoid US taxes, think again because you might be very disappointed next time season.
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