Florida Tax Help Information
Personal Assessment on Business Taxes
Failure to meet tax obligations on the part of a business may result in an assessment of personal liability. If you are a corporate officer or other bearer of responsibility associated with a matter of delinquency, you may be held personally accountable and liable for any penalties.
Penalties and Interest
Should you fail to fully pay your tax bill or file your returns in time, you will likely be subject to additions to your total amount owed. These penalties and interest vary by the type and circumstances of the tax left unaddressed. Current interest rates can be found here: http://floridarevenue.com/taxes/taxesfees/Pages/tax_interest_rates.aspx
Most Common Penalty Charges on Tax
There are many different situations in which the state will charge penalties. Some of the most common are:
- Failure to file
- Failure to deposit
- Under deposit
Tax Liens and Warrants
The Department of Revenue may issue a tax lien or warrant in order to resolve delinquency. These are legal documents, and enable the State to collect in a variety of ways, including the seizing of property. Both are matters of public record, and thus are available to credit agencies.
Priority One: Stopping Aggressive Enforced Collections
If you have delinquent taxes, the State may levy your bank account as a means of resolving your liability. If you have a business that is delinquent, levies may be sent to the associated accounts receivable, which can have serious social and business repercussions. You will be notified before such actions are taken, and it is recommended that you seek professional assistance promptly.
The State may garnish your wages or benefits checks as a means of resolving delinquency. Garnishments divert a portion of the amount you would normally receive towards your liability and remain in place until such time as your liability is fully paid.
Power of Attorney
While you may represent yourself before the State, you may also choose to have a qualified representative do so in your stead. This requires that you complete the appropriate documentation prior to any discussion of tax matters.