Tax Expert Today LLC
Tax Expert Today LLC is an American accounting and tax advisory firm in Naples, Florida.
Do I have to live in Florida for 183 days to be a resident?
“No. Florida doesn't use a 183-day bright-line rule.”
View in the company profileCan I claim homestead exemption on two properties?
“No. The homestead exemption applies only to your primary residence.”
View in the company profileDoes Florida have any income tax at all?
“Florida has no state income tax on individuals, partnerships, S-corporations, or trusts. C-corporations pay a 5.5% corporate tax. This is one of Florida's biggest tax advantages, but you must be a true resident to benefit from it. Every client situation is different, so call (239) 441-2005 to review your specific facts before acting on this guidance.”
View in the company profileWhat happens to my homestead exemption if I sell my home?
“If you sell your primary residence, you lose homestead exemption effective immediately. The Save Our Homes cap resets when you buy a new home and apply for new homestead exemption. If you're buying and selling in the same year, timing matters. Every client situation is different, so call (239) 441-2005 to review your specific facts before acting on this guidance.”
View in the company profileMy business is in Georgia, but I live in Florida. Which state taxes my business income?
“Generally, the state where your business operates taxes the business itself. So a Georgia business pays Georgia taxes.”
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