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      September 19, 2018

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Tax Relief in Florida

Florida MapThough many people in Florida struggle intermittently under credit card debt, there is a smaller population that faces even greater problems because they are stuck with thousands of dollars of tax debt. These people accrue tax debt when they fail to pay the amount indicated on their tax returns or when they fail to file returns at all. Like other forms of debt, tax debt can create an extremely difficult situation for the many people involved because usually they lack the income and assets to quickly pay it off. In that case, the federal government and the state government will start hounding them for payments and initiating collection actions if payments aren’t forthright. Some of the possible collection actions include garnishing of wages, tax liens on property, and seizure of property.

People who get in these situations often are already struggling with low wealth and income and may already owe credit card and mortgage debts. Without the right help, these situations can seem hopeless.

For those looking for personal tax relief in Florida, one option is applying for the state’s formal Offer in Compromise program. Offer in Compromise programs give taxpayers the opportunity to settle their tax debt with the government and agree to pay a reduced total amount. It is very difficult to achieve these agreements, and the help of a professional tax relief company can increase the likelihood of success. Tax authorities typically only agree to an OIC if the person does not have the financial capacity to pay the full amount, so the person will first have to send all their financial information to the appropriate officials.

OIC agreements work differently in different states. The OIC agreement will not reduce the tax debt to zero, but it can significantly reduce the debt, so that it’s less of a burden. Typically, a state will have a sliding scale based on the debt owed and the amount of wealth and income of the individual. That sliding scale will determine how much, if any, of the debt is reduced. People who are looking for personal tax relief in Florida often have difficulty navigating this process alone. A tax relief company has the experience to help this run smoothly.


A Left Turn Means a Florida Income Tax

The 34% of Democrats who voted for Mr. Gillum in the Democratic primary aren't likely to be enthusiastic supporters of his agenda. Regarding William A. Galston's "Will Florida Take a Left Turn" (Poli...

Published:  Tue, 18 Sep 2018 18:16:00 GMT

$5 million of your taxes spent on Florida campaigns ... so far

Today we're talking about drugs, charter schools, "˜zombie coyotes' and more drugs. But first, I want to highlight a government-spending program that really steams my clams - the one that allows politi...

Published:  Wed, 19 Sep 2018 14:08:00 GMT

Florida corporate tax separates blue, red in governor's race

A tax Republican Gov. Rick Scott once campaigned on eliminating has emerged as a big-dollar, central clash between the candidates fighting to succeed him. In a move setting him apart from usually tax- ...

Published:  Sun, 16 Sep 2018 15:46:00 GMT

Florida education news: Policy proposals, achievement gap, tax plans and more

CAMPAIGN TRAIL: Republican candidate for governor Ron DeSantis unveils his education plan for Florida, as Democrat Andrew Gillum highlights his proposals. Their positions could not be more starkly dif...

Published:  Wed, 19 Sep 2018 04:54:00 GMT

Gillum Wants 40 Percent Increase to Florida Corporate Tax

The Democratic nominee for governor in Florida who ran a primary campaign claiming he was the only "true progressive" in the race is proposing a 40 percent hike in the state's corporate taxes, and ...

Published:  Mon, 17 Sep 2018 11:58:00 GMT

Airbnb gears up for fight with Palm Beach County over tax payments

Tensions seethed during the commission meeting as Airbnb Florida public policy director Tom Martinelli called the proposed law a "shakedown-style ordinance" and said Palm Beach County Tax Collector An...

Published:  Tue, 18 Sep 2018 12:06:00 GMT

Gillum seeks 40% hike in corporate income tax

In a move setting him apart from usually tax-averse Florida candidates, Democrat Andrew Gillum has called for a stunning 40 percent increase in Florida's corporate income tax, which he wants to use to ...

Published:  Sat, 15 Sep 2018 23:42:00 GMT

$1 billion Florida tax hike Andrew Gillum proposes increasing state corporate tax

A TV attack ad portrays Florida Democrat Andrew Gillum as so "far out" that he is on another planet. "Gillum wants to increase Florida taxes by a billion dollars. Disaster for the economy," says an ad ...

Published:  Fri, 14 Sep 2018 08:05:00 GMT

Gillum's plan to increase corporate taxes by $1 billion draws fire, warnings of "˜disaster'

The Republican Governors Association and Americans for Tax Reform are among fiscal watchdogs raising alarm over Democratic gubernatorial candidate Andrew Gillum's proposal to raise Florida's corporate ...

Published:  Mon, 17 Sep 2018 13:24:00 GMT

Gillum's proposed corporate tax hike: Just as controversial now as in 1970

They are doing the same today. "We'd be the highest in the entire southeast," said David Hart with the Florida Chamber of Commerce. "And we'd even have higher taxes on our companies than New York." Bu...

Published:  Wed, 19 Sep 2018 00:03:00 GMT

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