Tax Law
What is a 1031 Exchange and How Does it Work?
A 1031 exchange is a powerful tool used by many real estate investors to defer capital gain taxes from the
Alex Cruz
June 24, 2021
Alex Cruz
Tax Law
How Has the IRS Addressed Cryptocurrency?
In 2014, the IRS issued Notice 2014-21 describing how existing tax principles apply to virtual currency transactions. The Notice said
Alex Cruz
June 24, 2021
Tax Law
What are the Withholding Requirements for Payments to Foreign Independent Contractors?
Foreigners, like U.S. citizens, are subject to taxes on their U.S. source income. U.S. source income includes all income received
Alex Cruz
June 23, 2021
Tax Law
What is the Branch Profits Tax?
There are multiple routes that a foreign company can take to establish its presence in the U.S. market. Two common
Alex Cruz
June 2, 2021
Tax Law
Gift and Estate Tax Considerations for US Citizens/Domiciliaries vs. Non-Domiciliaries
The U.S. imposes an estate or gift tax on the transfer of wealth above a certain threshold exclusion amount. The
Alex Cruz
March 9, 2021
Tax Law
How do 1031 or Like-Kind Exchanges Work in Florida?
A 1031 exchange, otherwise known as a like-kind exchange is done when a property that is held for productive use
Alex Cruz
February 17, 2021
Tax Law
How does being a Florida Real Estate Professional help you on your taxes?
Florida is a major real estate state with investments in properties increasing every year. However, as with any other kind
Alex Cruz
January 26, 2021
Foreign Reporting
What is an FBAR?
The Bank Secrecy Act requires a United States citizen, resident, business entity, trust or estate to report certain foreign financial
Alex Cruz
January 25, 2021
Tax Law
Limited Liability Company (LLC) and Foreign Owners: Part II Tax Considerations
Limited liability companies (LLCs) have become popular as a legal entity to help investors and businesspeople alike. In Florida an
Alex Cruz
January 5, 2021
COVID-19
What You Need to Know About the New Covid-19 Relief Bill
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act (the “Act”), a $900 billion dollar package
Alex Cruz
December 31, 2020