If you owe taxes to the state and federal government, it can be a big headache. If you are looking to resolve your unpaid taxes, tax debt relief options can help. You need to work with an experienced tax debt resolution specialist in Florida to develop a suitable payment plan.
You may have to face serious consequences if you fail to pay your taxes on time. Some of these include:
Addition of tax penalties, in the form of higher interest charges and late penalty fees, to the outstanding amount.
Filing a levy against your assets such as real estate, car or your bank account.
The government may impose a tax lien on any of your property that has significant value. You cannot sell this property, unless the tax debt is resolved.
You can work directly with the Florida Department of Revenue and the IRS to resolve your tax debt issues. However, it is recommended that you hire a tax debt resolution expert. Here’s what you can expect, when you choose to work with Tax Defense Partners.
Exploring legal options for you so that you can resolve your tax debt without having to choose an alternative like filing for bankruptcy
You may want to hire a tax debt attorney in Florida, if you owe back taxes, are being audited or have received notices from the IRS. It needs to be done before more penalties and interest charges pile up on your existing tax bills.
Late payment of payroll taxes can result in penalty fees. It can get worse after a certain period of time, and you may even face legal prosecution. The best choice you have in this situation is to consider hiring a tax debt attorney, who can help you negotiate with the IRS and find the best possible solutions to resolve your payroll tax debt.
If filing a joint tax return was a mutual decision, you may be liable for the accumulated tax debt. If your signature was forged without your consent, you can apply for Innocent Spouse Relief.