News Release: 7/8/2025 - Junior Achievement of Central Florida Unveils Plans for New Center in Lake Nona
ORLANDO, Fla. – July 8, 2025– Junior Achievement of Central Florida (JACF) is proud to announce a transformative lead gift from philanthropist and JACF Board Member Jesse Eisner to support the development of its new state-of-the-art education facility in the heart of Lake Nona at One Performance Plaza. The 13,400-square-foot space is slated to open in the fall of 2026. In recognition of this significant contribution, the facility will be named the “Junior Achievement Eisner Family Dreamers Center.” The
Educational Tax Tip: Can the IRS Take Your Home for Unpaid Taxes?
We know the IRS can seize your assets if you owe back taxes, but can the IRS really take your home? Technically, yes—but it’s uncommon. The IRS can pursue your residence through court approval or foreclosure, but these actions are considered last resorts and involve extensive legal procedures. In most cases, the IRS prefers to file a lien and wait until you refinance or sell the property. However, your home’s equity will still be factored into any payment arrangement or settlement. Concerned about how
Educational Tax Tip: How to Add to an IRS Installment Agreement
Do you know what to do if you already have a payment plan with the IRS but owe more taxes? Since you can’t have two active plans at once, you must amend your existing agreement to include the new balance. The IRS offers different ways to do this, like online, by calling them, or by visiting a local IRS office and submitting Form 9465. If you can’t afford the new monthly payment, you may need to file Form 433-F, which could open the door to other solutions like an Offer in Compromise. Need help updating
Educational Tax Tip: Understanding IRS Notice CP12
Do you know what to do if the IRS sends you a CP12 notice? This notice means the IRS corrected your return, resulting in a different refund amount—usually an increase! The notice will include a summary of changes and a comparison of your original return with the IRS's revised figures. If you agree with the changes, no action is needed, and you’ll receive your updated refund within 4 to 6 weeks. If you disagree, you must respond with documentation within 60 days to preserve your right to appeal. Received
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Learn to Manage Your Finances Better – Join Our Free Workshop
¿Su negocio está creciendo, pero sus finanzas no siguen el ritmo? RC Tax Service invita a la comunidad a una serie de talleres gratuitos enfocados en la educación financiera con expertos en banca y seguros . Ubicación: RC Tax Service – Oficina de Michigan, 1432 Ridge St, Kissimmee, FL Fechas del taller : Planificación financiera26 de junio | 17:30 | 90 minutos . Presentado por Abigail Román. Desarrollando conocimientos financieros24 de julio | 17:30 | 90 minutos Presentado por representantes de
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Learn the Ins & Outs of Commercial Real Estate – and Earn 2 CE Credits!
Orlando, FL – Red Door Title Group is excited to invite Central Florida real estate agents to an exclusive continuing education event focused on one of the most lucrative (and often overlooked) niches in the industry — Commercial Real Estate. This informative, engaging, and CE-credited class will take place: ?? Tuesday, June 25th ?? IAD Inspire Space – 7362 Futures Drive #18 Orlando, FL 32819 ? 12:00 PM – 2:00 PM ?? Lunch Provided Agents who attend will earn 2 CE credits while learning how to
Educational Tax Tip: Which IRS Forms Are Eligible for FTA Penalty Relief?
Did you know that First-Time Penalty Abatement (FTA) isn’t available for every type of tax form? The IRS only allows FTA for failure-to-file, failure-to-pay, or failure-to-deposit penalties on certain returns. Some of the most common forms include Form 1040 (individual), 1120 (corporation), 1120S (S-corp), 1065 (partnership), 941 (payroll), and 940 (unemployment). If your penalty is tied to one of these, and you have a clean compliance record, you may be eligible for relief. Want to know if your return
Educational Tax Tip: Protect Your Business with Proper Tax Documentation.
Do you know which records you should keep for your business in case of an audit? The IRS requires business owners to maintain accurate records that clearly show income, expenses, assets, and employment taxes. This includes receipts, invoices, canceled checks, deposit slips, payroll records, and documentation of purchases and sales. Whether you use paper or electronic systems, your records must support the information on your tax return. Organized documentation not only helps you comply with tax laws—it
Educational Tax Tip: When Innocent Spouse Relief Doesn’t Apply
Have you ever wondered what would make someone ineligible for Innocent Spouse Relief? The IRS would reject your request if you knew—or reasonably should have known—about the tax errors when you signed the return. You're also ineligible if you miss the two-year deadline after receiving a notice or if you've already settled the issue through an offer in compromise, a closing agreement, or a court. Innocent Spouse Relief can be a valuable option, but strict rules apply. Need help determining if you qualify?
Educational Tax Tip: Managing IRS Payment Plans
Have you ever wondered if you can have more than one payment plan with the IRS? The answer is no—typically, the IRS doesn’t allow multiple installment agreements at the same time. Instead, they may let you consolidate all your tax debts into one agreement or approve a step-by-step payment arrangement. To qualify, you must show a genuine effort to pay and prove financial hardship. Defaulting on any agreement could lead to collection actions and ongoing penalties. Need help negotiating a payment plan that
