Day: December 22, 2020

Florida Tax Relief – What Are The Options?Florida Tax Relief – What Are The Options?

Florida tax relief is available to taxpayers who have fallen behind on their payments for one reason or another. There are a number of ways that a taxpayer can receive Florida tax relief,including: enrolled agents,installment agreements,and lump-sum settlements. Although some taxpayers may not qualify for all forms of Florida tax relief,nearly all qualified taxpayers will be able to receive some type of relief from their back taxes. The types of relief that a taxpayer may receive will depend upon the basis of their income,the amount of back taxes owed,and the taxpayer’s financial ability to pay their debt in full.Tax Relief Assistance in Phoenix

Enrolled agents are one of the most common forms of Florida tax relief and are available to taxpayers who have met certain requirements. In order to be eligible for an enrolled agent deal,a taxpayer must not owe property taxes,interest,rents,profits,or income tax,or any federal tax. In order to determine if a taxpayer qualifies as an enrolled agent,the tax professional will need documentation that shows the tax debt is paid in full,as well as verification that the payments were actually received by the IRS. Examples of documentation that a tax professional may require to establish eligibility to treat an enrolled agent deal are pay stubs,bank statements,etc.

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Another option for receiving Florida tax relief is through a lump-sum settlement. If a taxpayer can prove that they are unable to pay their back taxes in full,they may be eligible for this type of settlement. With many individuals struggling to make ends meet financially,and with the help of a qualified Florida tax attorney,many taxpayers may find that this is the only way to escape severe financial hardship.

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