Questions to Ask a Tax Lawyer in Orlando
- 1. How long have you been practicing state and federal tax law in Orlando?
- 2. Do you only practice tax law or are you involved in other legal areas also?
- 3. Have you worked with the IRS on tax cases similar to mine before?
- 4. How would you handle my tax situation, and how bad is my problem?
- 5. How do you bill for your services and can you estimate your fee for my case?
To get a good glimpse of why an Orlando tax attorney is invaluable to any resident of Central Florida, consider the following situation at hand. It could be one of those nights where everything seemed to be just fine when all of a sudden you are interrupted by an unexpected phone call from the internal revenue service about unpaid taxes and penalties you might have to face if these are left unattended. You could be out on the beach when your cell phone suddenly rings and you are greeted by an IRS agent reminding you that certain tax penalties and payments are due and that you might be facing state complications if these aren’t paid. In these cases, a good financial lawyer is first person you would need to contact.
Dealing with the IRS in Orlando
5 Reasons to Call an IRS Lawyer in Orlando
- IRS Audits: Audits can be complecated and stressful. If you have never been through an IRS audit you would feel more comfortable with a lawyer representing you.
- Returns Not Filed: Anyone can forget to file taxes one year. However if you have several years of non-filed taxes you should talk to an attorney.
- CP Notice: If the IRS thinks you owe them more than you stated on your return, they can file a CP2000 notice. An attorney can help you understand what it means.
- Probate: Inheritance taxes are also collected by the IRS. If your inheritance is substantial, an IRS attorney should be involved
- The Internal Revenue Service or IRS is a federal agency held responsible for handling all of the laws under the wings of the Treasury Department and this covers collection and assessment of taxes. In Orlando the office is located at 850 Trafalgar Ct, Maitland, FL 32751. One must remember that everything the government does for the benefit of the people such as government grants, bridges, road maintenance and medical insurances all come from the accumulated wealth of gathered taxes. This is why it is highly important for people to be able to pay their taxes in order to contribute to the betterment of the nation and the IRS is responsible for making sure that this is enforced. When somebody does not file and pay their taxes, you can expect the IRS to give a call. It can be annoying, and it can be frustrating, and most of all it can be scary considering all the possible penalties that the IRS will shove into your face. To defend yourself, a tax attorney is your only shield against them.
Florida’s Tax Laws and Orlando City Taxes
One must first consider the tax laws of the state of the sunshine state. First of all the state of Florida does not impose state income taxes, except for corporations, and it’s current rate of sales taxes are at 6% and an out of state purchases tax. The out of state purchase tax is for items that were bought from other states or over the internet and then delivered into the state of Florida. If these items are taxable if they were bought in the state then they fall under the use tax law otherwise known as the out of state purchase tax law. A lot of people end up having to pay a lot taxes back to the IRS for the out of state taxes and, as usual, for property taxes as well as estate taxes. A Florida tax attorney is the one person that will be your shield when the IRS calls and states that you have pending taxes to pay.
Types of IRS Penalties
There are over a hundred different penalties that the IRS can file against a taxpayer and here are some of the common cases that you may find the need to hire a law firm for, especially international assets. The very first to consider is fraud complications. This is when the taxes you filed and paid are not up to date and are under the actual amount you owe. You could fall under fraud cases if you try to hide other assets. Take this for example: someone owns three real estate properties but only files for two. By hiding one property the person is assuming they’ll have much less to pay yet when the IRS discovers the discrepancy serious cases can be sued against the person for fraudulent taxes. Say you owe about $1,500 in taxes but indicate in your documents that you only owe half of that amount and that was the amount you paid, they will find out through their systems that you actually owe more to the system. The penalties for fraud tax payment are severe and you could be penalized with over 75% compounding rates.
Another common complication is concerned with accuracy in filing taxes. A lot of people try to cheat the system by placing an incomplete or wrong social security number or they try to make an intentional error in the spelling of their name or other vital information. This impedes the tax processes and the IRS will be calling and suing you relentlessly over accuracy cases. Sometimes though people just make mistakes and they can convince the IRS that it was an honest mistake and not an intentional action to avoid tax payments.
As you can see there are a lot of complications that can happen to a person when filing taxes. Whether they made the mistakes intentional or not, the IRS and the state of Florida are not going to go easy on you when they see any form of discrepancy. If you even try to avoid paying taxes, underpaying your taxes, filing fraudulent tax reports and others, you can expect frequent phone calls, emails and visits from their agents to force you to pay your due and face the penalties.
When to Hire an IRS Lawyer in Orlando FL
Do not turn to a lawyer at the very last moment either. When the time of the year comes for people to file their taxes it is suggested to go find a decent attorney to help you with the process. You can find one on Google. This will ensure that you are not making any mistake from the information included in the documents to the amount you’ll have to pay. A lot of people face complications for not putting down all of the properties they need to file taxes for but with an attorney you can make sure that everything is paid for. If you do happen to hit a snag after paying taxes and you are receiving the insistent phone calls from the IRS, your best bet to settle the costs of the penalties with the help of a law firm specializing in tax and IRS cases.
Back taxes are State or Federal taxes that are outstanding from previous tax periods. These taxes usually result in some sort of penalties or interest because they are overdue, and will continue to accumulate until they are paid. In the interest of avoiding liens or forced collection actions taken against you by tax agencies, it is highly recommended that back taxes are dealt with as quickly as possible.
Offer in Compromise (OIC)
One option for Florida taxpayers with back taxes is an Offer in Compromise. An Offer in Compromise (OIC) is an agreement between the I.R.S. and a liable taxpayer that settles the debt for less than the full amount owed. Conscientious citizens in every state that obey the law under every other circumstance may be remiss in filing their tax returns. Why? There are a variety of reasons. Studies have shown that taxpayers neglect to file returns in years when there are changes in circumstances. Reasons can also be emotional or financial, if they are unable to pay their tax returns. Sometimes it’s just the result of procrastination.