TAX SERVICES

Tax Accounting

Kaufman & Company P.A. is one of Miami’s finest providers of tax, accounting, and audit information, solutions, and services. We deliver solutions that integrate deep local knowledge with leading workflow technology solutions, helping professionals worldwide navigate complex regulations and requirements to ensure compliance with accuracy and efficiency.

International Tax Planning

Our International Tax Planning Services provide tax consulting and compliance services to businesses that are based in the U.S. that currently have foreign operations or are planning to expand internationally. We also assist non-U.S.-based companies that are entering or planning on entering the U.S. marketplace. We can provide foreign entities with a turnkey solution for all of their bookkeeping, accounting, tax and financial reporting needs. We also offer tax planning services for company employees coming to and departing from the U.S. as well as individual income tax and estate planning services for foreign citizens moving to the U.S. In addition, we are Certifying Acceptance Agents for the IRS.

Foreign Bank Account Reporting

The Internal Revenue Service and the Department of Justice have increased government enforcement related to foreign bank accounts and offshore tax evasion.  U.S. tax laws require that each U.S. person who has a financial interest in, or signature authority over, one or more accounts in a foreign country, with the aggregate value of $10,000 or more, must file a Report of Foreign Bank and Financial Accounts (FBAR).  Additional reporting requirements relate to foreign trusts, foreign gifts and foreign inheritances.

Failure to report foreign bank accounts, offshore assets, or unreported foreign income can lead to a possible criminal prosecution and significant civil penalties. The principals at Kaufman & Company, P.A. have represented numerous clients in the IRS Offshore Voluntary Disclosure Programs, successfully resolving their FBAR compliance issues. We also represent clients who are being audited by the IRS for potential violations of FBAR rules, or who are being criminally investigated by the Department of Justice for the alleged failure to report offshore income or accounts.

Our staff can assist clients with developing the appropriate strategy about FBAR compliance and providing vigorous defense before the IRS or the Department of Justice.

Tax Compliance Accounting

Kaufman & Company P.A. offers practical tax advice to help you keep more of your money while meeting legal and regulatory requirements, whether it’s for business, personal, or estate taxes.

Your tax situation is carefully assessed, and based on your needs, we develop a comprehensive tax plan to help achieve your goals. Our experienced professionals stay up-to-date on new tax laws and regulations so you can minimize tax liabilities and protect your assets.

Our firm serves a wide variety of clients, such as privately held companies, real estate developers, management companies and construction contractors, doctors, dentists and medical groups, professional service firms, athletes and entertainers, restaurant groups and manufacturers, as well as individual and family concerns. Our tax compliance services include:

• Multi-state taxation
• Business and individual tax preparation
• Tax consulting and entity structuring
• Trust and estate tax planning and compliance
• Business formations
• Consolidated entity tax preparation

IRS Tax Controversy Work

In addition to the tax advice area of our practice, we represent clients in disputes with the Internal Revenue Service and local taxing authorities. We have considerable experience with all aspects of administrative practice before the Internal Revenue Service, and to the extent necessary, work with litigation trial counsel in tax disputes that are litigated in state, federal and United States tax courts.

We have considerable experience and expertise with respect to the tax aspects of mergers and acquisitions, the organization and operation of closely-held business enterprises including C corporations, S corporations, partnerships, and limited liability companies, employee compensation matters, like-kind exchanges, creation and operation of tax-exempt entities, contingent worker and worker misclassification matters, and the settlement of all types of business and commercial disputes. In representing our clients in particular transactions, we, when appropriate, will seek and obtain private letter rulings from the Internal Revenue Service. We also provide advice with respect to state and local tax aspects of transactions engaged in by our clients..