Tax Relief Options In Florida
The process of getting Florida tax relief is a long one,but getting the help of a good lawyer is the best way to get through the process smoothly. There are many options for filing your taxes when it comes to the state of Florida. One of those options is to use what is known as a Service Tax Agreement,or a Schedule S. This is used when you have income that is exempt because of some disability or any other reason and have to pay tax on that income. With this type of agreement the IRS agrees to waive tax for a specified period of time,usually about two years. This means that the two years of taxes you would have paid on your income are eliminated and you are only responsible for the one year that the agreement applies to.
The state of Florida also has what is called a “Levy”,which is the process by which the IRS obtains property from someone in the event of an involuntary bankruptcy or voluntary separation. For example,in a case such as this,the bank does not want to have to foreclose on the home,but instead would rather allow the home to be sold to pay off some of the debt the home owner may owe. In a typical Florida tax relief situation the IRS will take the property for tax purposes and then levy it back. A levy is also used to collect back taxes if the homeowner was delinquent with the property tax payment for a specific period of time.
There are a number of options available for tax relief in Florida,but with so many options available and so many people facing tax debt this solution seems to be the most popular. If you are considering filing for personal bankruptcy or if you owe back taxes,the advice you can get from tax professionals is to seek professional help. Do not attempt to deal with the problem on your own or through home remedies. You can hire a Florida tax resolution attorney who is experienced in these types of cases to help you resolve your issues quickly and efficiently. These professionals can also help you determine which option is best for you.ArizonaTaxAttorneys.net