Melbourne Tax Preparation Lawyer

Melbourne Tax Preparation Attorney

Tax preparation can be very complex and stressful. For some individual taxpayers, taxes are more than a once-a-year concern. Businesses have employment deposits, and certain individual taxpayers have quarterly estimates. It can be much easier to understand and follow tax codes with a professional helping you prepare and file or deposit on time. A Melbourne, FL, tax preparation lawyer can make this process easier.

While many errors on your taxes are simple mistakes that can be corrected, some errors have long-term consequences. You may face an audit and other administrative actions. If you have complex taxes for any reason, the support of a professional tax preparer is even more important.

Tax Smith Tax Attorneys: Navigating Complex Tax Needs

It is crucial that you pick the right attorney with experience in the industry. At Tax Smith Tax Attorneys, we have worked for decades in tax codes, both state and federal, and know how they affect taxpayers like you. Many taxpayers have unique tax needs. Our firm relies on our years of work while ensuring we listen to your unique circumstances and personalize our advice and preparation to you.

Tax Smith Tax Attorneys can help you file confidently. Whether you file or deposit yearly, monthly, or quarterly, we can help you understand your tax liability and the timelines that apply. When a professional handles your taxes, you can more effectively avoid future potential tax issues.

Who Can Benefit From Professional Tax Preparation?

Any taxpayer can benefit from professional tax preparation. It can make the process less stressful for anyone. However, many individuals can handle their taxes themselves and have straightforward tax returns filed yearly. While professional tax preparation is still beneficial, it is not necessary for all taxpayers. When a taxpayer has more complex finances or other specific circumstances, then professional support is especially important and beneficial.

Professional Tax Preparation When You Have Outstanding Debt and Back Taxes

If you have unpaid tax liabilities, such as back taxes or unpaid penalties, the support of a professional tax preparation attorney is crucial. A tax attorney can help you navigate this process.

If you have had issues with your tax returns or other filings in the past, any future tax filings will face more scrutiny. If you have late and unpaid taxes, you need to address this as quickly as possible. The support of an attorney helps you file with confidence and can avoid errors. Learn more about how to remove a tax lien in Florida. By compiling all the relevant documentation and avoiding mistakes in your tax filing, you may be able to avoid fees, penalties, audits, and other consequences.

What Other Tax Circumstances Can Benefit From Professional Tax Preparation?

There are many situations which may make a taxpayer’s situation more complicated. You could benefit from a professional tax preparer if you:

• Own a business
• Are an employer
• Are disabled
• Have multiple sources of income
• Own a home
• Rent an apartment
• Have children
• Have numerous tax deductions
• Are an independent contractor or self-employed
• Are paying off federal student loans
• Own international assets
• Collect unemployment insurance
• Collect other state or federal benefits
• Have received an inheritance

Many of these circumstances require you to submit documentation to prove your claims. Not many taxpayers understand this process or have the resources to secure this documentation. It can also be overwhelming to gather and submit this information. A professional tax preparer can handle this. A tax preparer can also help you mitigate your tax liability in future tax filings.

FAQs

Q: Can a Tax Attorney Negotiate With the IRS?

A: Yes, a tax attorney is able to negotiate with the IRS (Internal Revenue Service). Tax attorneys, if properly licensed, can represent taxpayers and their interests when dealing with either state or federal tax agencies. This support can be invaluable for individual and business taxpayers, especially those dealing with audits or investigations, or taxpayers who have back taxes and debt they cannot pay off.

Q: Should I Work With a Tax Attorney or a CPA?

A: You may want to work with a tax attorney rather than a CPA if you want legal advice about your taxes. Both CPAs and attorneys have education, experience, and licensure in tax information and codes. However, CPAs are not able to give legal advice and tend to focus on filing tax returns and bookkeeping. Tax attorneys are well-versed in more complex legal tax issues and can help taxpayers negotiate with and interact with state and federal tax agencies.

Q: What Does a Tax Lawyer Do for You?

A: A tax lawyer can help you with many aspects of your tax planning and negotiation with tax agencies. Some of the things a tax lawyer can do for you include:

• Reviewing your tax documents for accuracy and compliance
• Helping you minimize your tax liability
• Representing you during negotiations with the IRS
• Helping you navigate an audit effectively
• Filing tax returns, employer deposits, or quarterly estimates
• Gathering documentation to support claims in tax returns
• Planning for future tax liabilities

Q: What Is the Sales Tax in Melbourne, FL?

A: The sales tax in Melbourne, Florida totals to 7%. The state of Florida has a sales tax rate of 6%, and Brevard County has a discretionary sales surtax of 1%, which applies to most transactions that are affected by the state sales and use tax. While some cities have additional surtaxes, Melbourne does not currently have one.

Preparing Your Taxes With Experienced Melbourne Attorneys

Tax preparation does not happen immediately before filing; it can be a lengthy process of gathering the right information and preparing in advance. This is especially true the more complex a tax situation is.

At Tax Smith Tax Attorneys, we can help you whether you are filing your taxes as an individual, a family, or a business. We have handled many complex financial needs throughout our years of supporting our communities. Let us help you mitigate your tax liability and your risk of error. Contact Tax Smith Tax Attorneys today and discover how we can leverage our extensive experience for your benefit. We can help you resolve your situation.