Bradenton Tax Preparation Attorney

Bradenton Tax Preparation Lawyer

It is much easier to file your taxes with professional support, especially when you have complex financial circumstances like receiving governmental benefits or owning a business. The support of a Bradenton tax preparation attorney can be beneficial whether you are filing yearly, quarterly, or periodically. An attorney helps you gather financial documents, deal with any Internal Revenue Service (IRS) disputes, and avoid errors during the process.

Hire a Tax Preparation Attorney at TaxSmith, LLC

TaxSmith, LLC, has years of experience with state and federal tax codes, and we know how these laws affect taxpayers like you. We know that taxes can be stressful and intimidating, and we want to give you the guidance you need. Our team gives you clear and transparent legal advice and answers your questions.

In 2024, the IRS collected over $325 billion from Florida residents. When you make errors or miss deadlines, it can result in administrative or worse penalties. Our attorney provides strategic and comprehensive legal support for individuals and businesses filing their taxes in Florida. We work to help you avoid these mistakes and deal with tax agencies when issues arise.

What Mistakes Are Made on Taxes?

Errors can happen when filing yearly tax returns, payroll employer tax deposits, quarterly estimates, and other tax documents. Some of the most common errors by business and individual taxpayers may include:

• Math errors, such as misapplying a tax credit number or improper calculations
• Not listing a Social Security number correctly or at all
• Not signing your tax return
• Misspelling the name of a person or business, causing information errors
• Improperly assessing or applying a credit or deduction
• Providing the wrong numbers for a bank account
• Choosing the wrong filing status, which impacts many things as an individual taxpayer, like credits and tax brackets
• Having an expired tax identification number

Some of these errors are simple and can be corrected. You may realize you made an error and correct it voluntarily, or the IRS may inform you of the error and allow you the chance to fix it.

The IRS is willing to offer support to taxpayers. In fact, it helped over 62 million taxpayers in 2024. For help, Bradenton residents can contact the Taxpayer Assistance Center Office in Sarasota.

Unfortunately, some errors can be more serious. They could lead to financial penalties or even criminal consequences if the IRS believes you lied intentionally or otherwise acted intentionally to avoid paying your taxes.

Preparing Your Tax Return When You Have Tax Debt

Many taxpayers can handle their own tax issues without legal guidance, although the support can always make the process more straightforward. However, there are some taxpayers who strongly benefit from legal guidance. One of the primary cases is when you owe tax debt to the IRS or a state tax agency.

If you make errors or are late on tax payments, you can be assessed penalties. If you ignore this debt, it can grow with interest and sometimes additional penalties. This can quickly grow to an unmanageable amount of tax debt. If you don’t have the financial ability to pay back your tax debt, an attorney can help you resolve it and prepare your taxes accordingly.

There are options for negotiating tax debt and settling it, such as:

• Penalty abatement, which can reduce your overall liability
• An installment agreement, which creates a payment plan
• Currently Not Collectible status, which temporarily pauses debt collection
• Innocent spouse relief, if the debt was incurred by your spouse
• Offer in compromise, which settles your full tax for a lesser amount

An attorney can help you find the right resolution method and negotiate with a tax agency. However, having tax debt can lead to higher scrutiny for your tax filings even after it is resolved. This is why it’s even more important that you have a professional helping you file. When you hire a tax preparation attorney, they can also help you prepare your taxes ahead of time, limiting your stress and uncertainty.

FAQs About Bradenton, FL Tax Preparation Law

How Much Does a Tax Preparation Attorney Cost in Florida?

The cost of a tax preparation attorney in Florida depends on the complexity of your taxes, the experience of the attorney you are hiring, and other factors. Tax preparation services are generally less expensive than cases requiring negotiation or litigation. However, complex tax preparation can still be costly, especially if you are just starting from scratch. Always talk with a potential attorney about fees up front.

Is a Tax Preparation Attorney Better Than a CPA?

Tax preparation attorneys and CPAs (certified public accountants) are both professionals who can help you prepare your taxes, although only an attorney can give you legal advice. Both professionals are educated in tax codes and can help you gather information and prepare and file your taxes.

When you have existing tax debt or other uniquely complex circumstances, it might be more beneficial to work with an attorney. They can help you address these issues before filing taxes.

What Are Common Tax Law Mistakes?

Math errors are one of the more common tax law mistakes, and there were over 1.2 million math errors only in individual income tax returns in 2023, resulting in over 1 million math error notices by the IRS. Other common tax law mistakes include misunderstanding your tax packet, failing to select the right filing status, writing Social Security numbers incorrectly, misspelling names, information errors, or tax identification number expirations.

What Are the Obligations of a Tax Preparation Attorney?

A tax preparation attorney can help you understand your tax responsibilities, provide legal advice, deal with any disputes with the IRS, and draft tax forms and other documents. These professionals remain on top of changes to state and federal tax laws that affect taxpayers. They have an obligation to follow legal codes and professional ethics. When you hire a tax preparation lawyer, you are less likely to deal with errors and disputes on your tax forms.

Reach Out to TaxSmith, LLC, Today

If you need support filing your taxes in Bradenton, TaxSmith, LLC, can give you the guidance you need. Let us help demystify tax codes and support you in filing with more confidence. Reach out to our firm today to connect with one of our Bradenton tax preparation attorneys.