We are awaiting Congress for appropriate clarification regarding expense deductibility when Covid-19 SBA PPP loans are forgiven and the usual taxable income from debt forgiveness pursuant to Internal Revenue Code (IRC) Section 61(a)(12) is determined to be tax-free income. Harvey is asked by Bloomberg Tax to quote on this hot topic in the attached article Read more about In the News: Bloomberg Tax & Accounting[…]
Are you a business leader who has questions about free SBA money available to your business? Harvey has been rigorously studying these tricky, ever-changing rules, and is quoted by payroll company Gusto due his industry leading expertise on this subject. Enjoy the article “5 Ways Small Businesses Are Coping With the COVID-19 Crisis”, and contact Read more about In the News: Gusto[…]
In this age of slow-motion replays, we often see a championship determined by whether a single toe or seam of a ball grazes a few millimeters of chalk. Yet for many athletes, such a game-changing moment is just the beginning of a lifetime spent tiptoeing the fine line separating financial well-being from monetary distress. To Read more about How Do Some Star Athletes Build Wealth While Others Lose It All?[…]
Harvey quoted in a breaking news topic about a major sports figure: “Most brokerage account agreements stipulate the use of binding arbitration in the event of a serious disagreement between the parties,” said Harvey Bezozi, a Florida accountant with athletes and entertainers as clients. “Arbitration is less formal and less costly than litigation, the parties Read more about In the News: The Athletic[…]
Harvey’s practice is focused on helping superstar entertainers, athletes, business owners, innovators, and wealthy families with their sophisticated tax planning and tax minimization matters. No wonder Forbes contacted him the day before SuperBowl LIV (54) to get his advice on how Super Bowl Rings are handled for tax purposes. Please enjoy the article entitled All You Read more about In the News: Forbes[…]
President Donald Trump often claims most people would never understand his taxes, and uses this as a defense of his refusal to share his tax returns with Congress or the public. Because it involves such a clear break from tradition, the President’s stubborn insistence on keeping his tax records private just feels wrong. However, it Read more about IRS Tax Wizard Speculates On What’s In President Trump’s Tax Returns[…]
There is nothing new about people moving from a northern state to the mild climate of Florida in their later years. Yet when octogenarian billionaire Carl Icahn recently announced plans to relocate not only his residence but also his entire business from New York to Miami, he was thinking about more than just warm, sunny Read more about How to Save Taxes by Moving From New York to Florida[…]
Harvey was quoted in an article written by Oliver Bullough (a genius reporter) on today’s most sophisticated asset preservation and protection strategy as follows: “The smart people want privacy,” explained Harvey Bezozi, a Florida financial adviser and tax expert who blogs under the name Your Financial Wizard. “South Dakota offers the best privacy and asset Read more about In the News: The Guardian[…]