If you have not been filing your tax returns and you estimate your tax debt to be more than $25,000, contact a tax professional immediately to help you with the process. Of course the option to file the necessary returns by yourself is available, but the procedures are complicated. Errors can slow the process and lessen the chances of obtaining tax debt relief. In many cases, taxpayers have missed their opportunity for tax relief by being intimidated into accepting a tax debt payment program they cannot afford. To protect yourself it is best to hire the best tax relief service available in Florida.
Not having filed any returns for several years, the tax professionals you select will prepare all your returns. They will ensure all valid tax deductions are correctly included to reduce your tax liability. This is one great advantage of asking help from tax pros. Without their expert advice you might not be aware of these deductions. You could end up paying more than you should.
If you have already filed your tax returns but want to amend your information, the tax professional you hire will review the returns for accuracy and check for deductions you may have missed. Amending tax returns entails extensive paperwork and reprocessing. The amended returns which require much supporting documents must be accurate. If errors are found, you run the risk of being subjected to IRS audit. What a Florida tax attorney and staff of CPA’s would first review is a complete copy of the original tax return submitted to the IRS. They would compare the original filing with the documents they have prepared. After reviewing your tax situation, they would be able to advise you if it is wise to file an amendment or not.
Tax professionals who are specialists in tax debt relief will also be able to give you advice on what IRS tax debt relief program best fits your financial and tax situation. They could suggest an IRS Installment Agreement, an IRS Partial Payment Installment Agreement, or an Offer in Compromise. They may also suggest other IRS programs such as “Currently Not Collectible”, or “Personal Hardship”. They may recommend you to file for bankruptcy depending on your financial condition. However, please note outstanding IRS tax debt cannot be included in a bankruptcy case. Your tax professional can determine the right course of action for you to finally resolve your IRS tax debt problems.
Last Updated April 26, 2017
|Find the Local IRS Office Near You||Florida IRS Offices|
|Cities in Florida||Jacksonville, Miami, Tampa, Orlando, St. Petersburg, Hialeah, Tallahassee, Fort Lauderdale, Port St. Lucie, Cape Coral, Pembroke Pines, Hollywood, Miramar, Gainesville, Coral Springs, Miami Gardens (Carol City - Norland), Clearwater, Brandon, Palm Bay, Pompano Beach, West Palm Beach, Lakeland, Spring Hill, Davie, Lehigh Acres, Miami Beach, Plantation, Sunrise, Boca Raton, Deltona, Palm Coast, Largo, Deerfield Beach, Melbourne, Boynton Beach, Lauderhill, Weston, Fort Myers, Kissimmee, Homestead, Delray Beach, Tamarac, Daytona Beach, North Miami, Wellington, North Port, Jupiter, Ocala, Port Orange, Coconut Creek, Sanford, Margate, Sarasota, Pensacola, Bradenton, Palm Beach Gardens, Doral, Pinellas Park, Coral Gables, Bonita Springs, Apopka, Titusville, Cutler Bay, Oakland Park, North Miami Beach, Fort Pierce, North Lauderdale, Altamonte Springs, St. Cloud, Ocoee, Greenacres, Ormond Beach, Hallandale Beach, Winter Garden, Aventura, Panama City, Oviedo, Royal Palm Beach, Plant City, Lake Worth, Dunedin, Winter Haven, Cooper City, Lauderdale Lakes, Winter Springs, Riviera Beach, Dania Beach, Miami Lakes, Clermont, Winter Park, DeLand, Casselberry, Parkland, Rockledge, Key West, Temple Terrace, Palmetto Bay (Cutler), Tarpon Springs, New Smyrna Beach, Crestview, Sebastian, Hialeah Gardens, Jacksonville Beach, Sunny Isles Beach, Haines City|