Posted in Business & Corporate Law,Tax Law & IRS Defense

When the State of Florida turned St. Johns County over to local government in 1972, the county elected to collect local business taxes (formerly known as occupational licenses). The local business tax, County Ordinance 72-2, requires all individuals or organizations doing business located in or operating in St. Johns County to obtain a local business tax receipt. The tax is paid annually with the fiscal year beginning on October 1.
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Posted in Tax Law & IRS Defense

Taxpayers are required to file a Report of Foreign Bank and Financial Accounts (“FBAR”) to report any financial interest the taxpayer holds in a foreign financial account.  The FBAR filing requirement applies to taxpayers that have signature authority over a foreign financial account.  Foreign financial accounts include, but are not necessarily limited to, bank accounts, brokerage accounts, mutual funds, and trusts. 
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