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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 arenít 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 stateís 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 itís 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 controversial Florida politician just made his county the first in the US to let residents pay taxes with bitcoin

Florida's Seminole County will soon accept bitcoin and bitcoin cash as payment for county services, like taxes and drivers license fees. To do it, the county will work with BitPay, a cryptocurrency e-commerce payments company. It's BitPay's first contract ...

Published:  Mon, 14 May 2018 10:18:00 GMT



Florida Tax Collector to Accept Bitcoin, Bitcoin Cash Payments

A Florida county tax collector has partnered with bitcoin payments processor BitPay to accept cryptocurrency for a variety of services. Seminole County Tax Collector Joel Greenberg said in a statement Monday that his office will take bitcoin and bitcoin ...

Published:  Mon, 14 May 2018 06:00:00 GMT



Jacksonville dealership owes $450,000 in unpaid taxes, fees

This is fraud." Customers pay a sales tax on every new and used car sold they buy in the state of Florida. But, they pay it to the dealership, which is then supposed to be pay the money to the state. But, by filing these documents in court, the state is ...

Published:  Fri, 18 May 2018 15:11:00 GMT



You're likely not living in the Florida county with the lowest taxes

Want to stay in Florida but pay the lowest taxes You'll likely need to move. All 10 of Florida's "lowest tax-burdened" counties are north of the Tampa Bay area, according to some nifty number crunching from the financial technology company SmartAsset.

Published:  Mon, 14 May 2018 02:58:00 GMT



Critics say changes to bed tax not sound

The statute states that Tourist Development Tax revenue, commonly known as the bed tax, should be used to promote and advertise tourism in Florida, nationally and internationally, and if any of it is used for "an activity, service, venue or event," one of ...

Published:  Sat, 19 May 2018 12:04:00 GMT



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