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Brevard County, Florida: Get the Best Tax Refund Possible in the county with an Expert CPA

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Jason
Blogger
Q. I have a large amount of money in mutual funds that I would like to remove and place in more stable CD's. How can I minimize the amount of taxes I will pay when removing money from these mutual funds.
"To minimize taxes on mutual fund withdrawals: aim for long-term holdings (over 1 year) for lower tax rates, strategically withdraw over multiple years to stay in lower tax brackets, and consider tax-advantaged accounts like IRAs. Consult a financial advisor for specific rules."
Alex
Healthcare professional
Q. I am a partner in a Phyiscal Therapy home care based LLC with profits spit evenly (33%). My taxable income is $139,100 am I eligible to take the Qualified Buisness Income (QBI) even though we’re an SSTB? So complicated!
"Regarding your query on QBI for SSTBs like yours, the phase-out range is from $191,950 to $241,950 for Single Filers and $383,900 to $483,900 for Married Filing Jointly. With a taxable income of $139,100, you should be eligible for the QBI deduction. It's recommended to consult a tax professional for accurate guidance on tax laws. At FlyFin, our expert CPA team can assist with tax filing for $192. Contact us for more information."
Tyler
Freelance designer
Q. Can I send out 1099 MISC forms to individuals on plain white paper?
Unfortunately, you cannot send out 1099-MISC forms on plain white paper. The IRS has specific requirements for the format of these forms to ensure accurate processing. Using plain white paper may lead to processing issues or penalties. For more information on the format requirements, please refer to this link.
Zack
Seller (Online or independent seller)
Q. Holding LLC company tax structure setup
Please provide more details or elaborate on your query regarding the LLC company tax structure setup. This will help us understand your concerns better and provide accurate information. Team FlyFin.
Jared
Wendy's worker
Q. Why would there be no federal tax with held on my new check stub
If your income is below a certain threshold, you may not have federal taxes withheld. Additionally, claiming a high number of allowances on your W-4 form or exempt status can also result in no federal tax being withheld from your paycheck. Check your W-4 form and make any necessary changes. Hope this helps.
Maddie
other
Q. What am I eligible to claim on my taxes this year
Discover all your tax deductions easily with our user-friendly swipe cards feature. Connect your bank accounts, categorize expenses with a simple swipe, and view your deduction summary. Unsure about a deduction? Get live suggestions for deductible expenses. Team FlyFin.
Jason
Blogger
Q. I have a large amount of money in mutual funds that I would like to remove and place in more stable CD's. How can I minimize the amount of taxes I will pay when removing money from these mutual funds.
"To minimize taxes on mutual fund withdrawals: aim for long-term holdings (over 1 year) for lower tax rates, strategically withdraw over multiple years to stay in lower tax brackets, and consider tax-advantaged accounts like IRAs. Consult a financial advisor for specific rules."
Alex
Healthcare professional
Q. I am a partner in a Phyiscal Therapy home care based LLC with profits spit evenly (33%). My taxable income is $139,100 am I eligible to take the Qualified Buisness Income (QBI) even though we’re an SSTB? So complicated!
"Regarding your query on QBI for SSTBs like yours, the phase-out range is from $191,950 to $241,950 for Single Filers and $383,900 to $483,900 for Married Filing Jointly. With a taxable income of $139,100, you should be eligible for the QBI deduction. It's recommended to consult a tax professional for accurate guidance on tax laws. At FlyFin, our expert CPA team can assist with tax filing for $192. Contact us for more information."
Tyler
Freelance designer
Q. Can I send out 1099 MISC forms to individuals on plain white paper?
Unfortunately, you cannot send out 1099-MISC forms on plain white paper. The IRS has specific requirements for the format of these forms to ensure accurate processing. Using plain white paper may lead to processing issues or penalties. For more information on the format requirements, please refer to this link.
Zack
Seller (Online or independent seller)
Q. Holding LLC company tax structure setup
Please provide more details or elaborate on your query regarding the LLC company tax structure setup. This will help us understand your concerns better and provide accurate information. Team FlyFin.

Facts and figures about
Brevard County, Florida

florida
population

616,628

County Population

population

Titusville

County Seat

population

1,018 sq mi

County area

population

7%

Brevard County sales tax rate

😵‍💫 1 CPA for every 300 people in Florida = high CPA charges

😓 19 million Americans missed the tax filing deadline last year

😨 30 million people miss tax deductions without expert help

😣 Almost 50% of Americans end up overpaying

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Florida State Income Tax Rates & Brackets for 2023

The following tables represents Florida's income tax rates and tax brackets:

SINGLE FILER

Brackets

Rates

n.a

none

MARRIED FILING JOINTLY

Brackets

Rates

n.a

none

Filing Status

Standard Deduction Amt.

Single

n.a.

Couple

#VALUE!

Brevard county Sales Tax Rates for 2023

City

Sales Tax Rate

Tax Jurisdiction

Melbourne

7%

Melbourne

Titusville

7%

Titusville

Palm Bay

7%

Palm Bay

Merritt Island

7%

Brevard

Rockledge

7%

Rockledge

Cocoa

7%

Cocoa

Palm Bay

7%

Grant-Valkaria

Cocoa

7%

Brevard

Satellite Beach

7%

Indian Harbour Beach

Palm Bay

7%

Melbourne

Indialantic

7%

Indialantic

Cocoa Beach

7%

Cape Canaveral

Melbourne Beach

7%

Melbourne Beach

Mims

7%

Brevard

Cape Canaveral

7%

Cape Canaveral

Sebastian

7%

Palm Bay

Malabar

7%

Grant-Valkaria

Grant

7%

Grant-Valkaria

Patrick Afb

7%

Brevard

Melbourne

7%

Brevard

Scottsmoor

7%

Brevard

Melbourne

7%

West Melbourne

Cocoa Beach

7%

Cocoa Beach

Sharpes

7%

Brevard

Orlando

7%

Brevard

Frequently Asked Questions

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What’s FlyFin?

FlyFin caters to the tax needs of freelancers, gig workers, independent contractors and sole proprietors. Using a powerful A.I., FlyFin tracks all your business expenses automatically. But anyone can file taxes through FlyFin! Our CPA team files a guaranteed 100% accurate tax return for you – to save you a couple thousand dollars and a ton of time on your taxes. You can download the FlyFin app and have your taxes filed in less than 15 minutes, saving you time and money.
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