Hollywood, Florida may not have the movie stars or giant billboard of its Californian counterpart, but when it comes to taxes, the Sunshine State comes out on top. Unlike California, which imposes a marginal tax rate of up to 10.3%, Florida has no state income tax. Plus, it doesn’t impose inheritance, gift or intangible personal property taxes. However, Hollywood residents don’t enjoy complete freedom from taxes, and they are still subject to the Federal income tax – and to IRS audits.
It’s an unfortunate truth that a simple omission or single-digit error on your tax return can make you the target of an IRS investigation. IRS agents are trained to look for and fully inspect all inconsistencies, and you can be sure that if they’ve found one in your returns, it will be scrutinized. In many cases, this rigorous examination can lead to the taxpayer getting slapped with a tax debt, lien, and even levy.
Thankfully, you have a right to dispute the IRS’s conclusion, and a Hollywood tax attorney can help you make your case. Even if you’re further along in the process and have received letters like a Notice of Tax Lien or Levy, an attorney may be able to help avoid or reduce property seizures, wage garnishment, and monthly payments. They can also help you avoid self incrimination by serving as your representative and advising you on what information you are required to give versus what information the IRS would simply like you to give.
Find out if you have an alternative to your current situation by scheduling a complimentary consultation with Florida Tax Solvers today. Our Hollywood tax attorney will be glad to sit down with you face-to-face and discuss your tax issues, as well as your potential courses of action.
Tax Problem Resolution Services for Coral Gables
We specialize in the following areas:
- Filing Unfiled tax returns
- Property Seizures
- Reduce unbearable monthly payments
- Liens and Levies
- Payment Plans
- Audit Representation
- Wage Garnishment
- Tax Court
- Offers in Compromise (OIC)
- Settle tax debt for a fraction of the debt
- Remove IRS Penalties
- Payroll Tax Problems
- Back Taxes
- Innocent Spouse Situations
Tax Services Include:
We offer weekend and evening appointments if needed.
In addition we offer easy and convenient payment options, including credit cards and payment plans.