Living in Coral Springs, Florida, has lots of benefits, including access to close-knit business and family communities while still residing in populous Broward County. But whether you’re growing your business or filing taxes as an individual, tax problems are very common in this part of Florida.
At East Coast Tax Consulting, we can help with even the most complex tax situations. We know that it’s easy to get overwhelmed by tax issues, whether you have mounting tax debt or are dealing with complicated business taxes. We’re your trusted partner when you need tax assistance in Coral Springs, Plantation, or any other parts of Florida.
Types of Coral Springs Taxpayers We Can Help
East Coast Tax Consulting helps both individuals and businesses with tax problems. Here are just a few of the tax issues we have come across in the past with other taxpayers that you may be experiencing.
Homeowners Dealing with IRS Collections or Liens
You may be worried that your house or other property is at risk when the IRS is coming after you with tax liens. We can help prevent asset seizure.
Retirees Facing Unexpected Tax Bills
If you’re retired in Coral Springs, you could be facing tax implications for your investments or retirement withdrawals. We’ll help you maximize your tax savings.
Small Businesses with Payroll or Other Business Tax Problems
There’s a lot to keep up with when you run a business. Whether you missed filings or are dealing with growing tax penalties, we can help you resolve the problem.
Entrepreneurs Facing IRS Audits
Don’t try to handle audits on your own. We’ll help you deal with the IRS during an audit and provide proactive representation.
Work with our tax resolution firm if you’re facing any of these issues or other tax problems in Florida. Our team understands state and federal tax law and can help you get out of debt.
Tax Challenges We Commonly See in Coral Springs
Other tax challenges for Coral Springs or Boynton Beach residents include these scenarios:
Years of Unfiled Tax Returns
Do you have several years of unfiled returns and aren’t sure how to tackle them? Our experts will get you back on track.
IRS Wage Garnishments or Frozen Bank Accounts
It’s alarming to face IRS levies, which can put your financial assets and wages at risk. Talk to our team about what you can do right now to prevent bank levies or wage garnishments.
Payroll Tax Debts and Trust Fund Recovery Assessments
Have you missed a payroll tax deadline or underpaid? East Coast Tax Consulting will help you deal with penalties, like the Trust Fund Recovery Penalty (TRFP), which can be very costly for you and your business.
Disputes Over IRS Audit Results or Tax Deficiencies
Sometimes, you may not agree with the outcome of an audit or another tax assessment. Talk with us about your options if you disagree with the results of an audit, or if you’ve received a Notice of Deficiency.
Tax Penalties Adding Up Over Time
Penalties may not seem that bad the first time you get a notice in the mail. But they add up quickly, especially when you factor in compounding interest.
Notices Threatening Enforcement Action
Getting an IRS notice can be stressful and confusing. Talk to us about the implications and next steps.
Even though these tax issues are common, you need to act quickly to avoid further consequences. Contact East Coast Tax Consulting Group to talk to a tax professional who can help.
Our Tax Resolution & Representation Services
Our tax resolution firm provides expert services to help you navigate complex tax obligations. Here’s a snapshot of what we can help you with:
Offers in Compromise
Some taxpayers may qualify for an offer in compromise with the IRS, which allows you to settle your tax debt for less than you owe. Our team will help you determine whether you’re a good candidate, complete the necessary forms, and submit them.
Installment Agreements
An installment agreement is a great option if you can afford a monthly payment but can’t pay your full balance at once.
Currently Not Collectible Status
Are you facing financial hardship? You may qualify for currently not collectible (CNC) status when you can’t afford monthly payments. This puts a pause on your account until your financial situation improves.
Audit Defense and Appeals Representation
If you disagree with a tax audit finding or want to pursue an appeal of another IRS decision, talk to us about our representation services.
Penalty Abatement Requests
We can also help you apply for penalty abatement when you have reasonable cause for missing a payment or filing deadline.
Payroll Tax Solutions
Business owners commonly face payroll tax problems, such as failing to file tax returns on time or failing to remit payroll taxes. Our firm will help you get on top of the problem.
Lien and Levy Release Assistance
The IRS could file a federal tax lien against you or notify you of an intent to levy your property. Work with us when you need a lien or levy released.
Why Coral Springs Clients Choose Us
East Coast Tax Consulting is the go-to tax resolution firm for Coral Springs taxpayers. Here are a few reasons why we can be your trusted tax partner:
- Experience: Our tax experts bring decades of experience focused solely on IRS matters. We’ve seen it all.
- Complete representation: We provide tax representation from start to finish. Our clients never have to deal directly with the IRS throughout the entire process.
- Local expertise: We also bring a deep understanding of local tax laws, combined with our federal expertise with the IRS.
- Integrity: We are committed to providing clear, transparent communication, ethical guidance, and proven results for our clients.
Every tax problem has a solution when you work with East Coast Tax Consulting. Our licensed CPAs will help you pursue the right path to resolution so you or your business can get back in good standing.
Contact East Coast Tax Consulting in Coral Springs
Whether you run a business in Coral Springs or are a resident, contact us today to take the first step to resolving your tax problem. We’ll help you navigate tax audits, negotiate with the IRS, set up a payment plan, or get payroll tax help.
Call us today at (866) 550-7655 or fill out our contact form to set up a free consultation with a tax expert.
FAQs About Common Tax Problems in Florida
What Happens If I Ignore IRS Notices?
The IRS may send you a notice in the mail if you fail to comply with tax law. Act quickly when you receive an IRS notice. If you’ve received several notices, talk to a tax expert, like a CPA, about what you should do next to get on top of penalties and tax payments. If you do nothing, the IRS may pursue collection actions, such as liens and levies.
How Do I Qualify for an Offer in Compromise in Florida?
If you can’t afford your tax bill, even through making monthly payments, you could be approved for an offer in compromise. After you apply and make an offer, the IRS will consider whether what you offered is all it can reasonably expect to collect from you. If so, the IRS may accept it. However, it’s always a good idea to talk to a tax professional about your situation before applying.
What Happens If I’m Charged with the Trust Fund Recovery Penalty (TRFP)?
If your business underpays payroll taxes, the IRS may pursue the TRFP. This penalty is assessed against an individual, not against the business itself. The IRS assesses this penalty against responsible individuals who acted willfully. If you’ve been hit with the TFRP, your personal assets may be at risk if you fail to pay. Talk to a tax expert about what to do if you can’t pay the penalty or believe it was assessed in error.
