TAX DEBT RELIEF OPTIONS – Florida Department of Revenue
M&M Financial has been successfully resolving back-tax liabilities for small businesses and individuals in Florida since 2006 and nationwide since 2005. We deal with the IRS and State taxing authorities, so you do not have to! If your business owes Florida back-taxes, don’t hide your head in the sand. The FL-DOR owns the beach!Below is some useful information to help you start resolving your state tax liabilities. If you have questions and would like to talk to a licensed Tax Resolution Specialist please do not hesitate to call us at 866-487-5624.
FL-DOR PAYMENT PLANS TO RESOLVE BACK TAXES
The state of
Florida does not mess around when it comes to collecting delinquent taxes. If your business is behind on Florida Sales Tax, Reemployment Tax or Corporate Income Tax it is best to proactively address the situation as quickly as possible. Otherwise, the FL-DOR will refer your case to a collection attorney. Once this happens you are likely out of options.
The Department of Revenue will allow
6-month Stipulation Agreement (monthly installment agreement) for a business to pay back the tax due. In certain cases, Florida will allow installment agreements in 6 to 12-month intervals that can be renewed each year. Of course, this depends on your tax compliance moving forward.
You may be asked to pay
as much as 25% of the total due up front as a down payment just to get into a monthly payment plan.
Many taxpayers
cannot set up a payment plan with the FL-DOR by simply making a phone call and requesting it. You will likely be required to submit detailed
financial statement forms,
maintain full tax compliance and don’t forget about that 25% down payment. REDUCE YOUR FL-DOR TAX DEBTS
Offer in Compromise and Penalty Abatement
A settlement? Effectively no, nope, nej, nein, nyet.
As for penalty relief, in our experience the
FL-DOR is not willing to abate penalties associated with tax debts.
Here you can read an overview of the
FL-DOR Collection Process.
TAX RESOLUTION CASE EXAMPLES
The Florida Department of Revenue has
some flexibility when it comes to back tax liabilities. Each case varies based on factors such as compliance history, type of tax owed and total amount past due. Here are some case examples in your area negotiated by M&M.
page last reviewed 01/04/2024
Get Free Tax Guides & Evaluation