Florida residents received an automatic 2025 tax deadline extensions for residents affected by FEMA disaster declarations. This factors into Miami being ranked as a top 10 city with unfiled taxes for 2025. With the extension deadline approaching, we’re fully engaged at Trust Fund Family Taxes, offering fast, expert help through fully virtual appointments.

Miami is one of the most financially diverse cities in the United States — having a large international community, a thriving business environment, and one of the most active real estate markets in the country. This diversity creates some of the most complex individual tax situations of any city in America. This requires much more attention to detail in terms of taxes than one may be led to believe. At Trust Fund Family Taxes, we understand from experience what to look for to help you avoid costly tax preparation errors.

With Florida having no state income tax, business owners and residents tend to favor relocating from high-tax states. However, many Miami residents — particularly those with foreign income, international business dealings, or dual citizenship — face additional IRS filing requirements such as FBAR (foreign bank account reporting) and Form 8938 for foreign financial assets. Failure to file these forms can result in severe penalties. With expert tax guidance at Trust Fund Family Taxes, we can alleviate the burden of second guessing your tax return results; as we give descriptive detail into why your numbers are what they are, giving you confidence in returning file, or to ask further questions.