Palm Beach Tax Preparation Attorney

Palm Beach Tax Preparation Lawyer

Filing taxes with the Internal Revenue Service (IRS) or the Florida Department of Revenue (DOR) is an important event, whether you only file yearly or more often. It can also be very stressful for many taxpayers, especially when you have a complicated financial situation. The guidance of a Palm Beach tax preparation attorney can help limit this stress, avoid errors, and file your taxes with confidence.

Trusted Support From the Right Palm Beach Tax Preparation Lawyer

The team at TaxSmith, LLC, understands tax preparation laws, and we bring you straightforward information and advice for your tax preparation cases. Filing your taxes with a skilled professional can make the process much simpler and less uncertain. It can also help you avoid errors that can lead to penalties, audits, and more serious investigations. Our firm has spent more than a decade helping Florida taxpayers with their tax issues.

TaxSmith, LLC, can help with state and federal tax payments. The IRS collections in Florida totaled over $325 billion in 2024. Our firm can help you meet your tax obligations as an individual or business taxpayer, answer any questions you have, and deal with complicated financial and personal life circumstances that impact your taxes.

Tax Debt and Tax Preparation

It can be unfortunately easy to miss tax payments due to emergencies and then see that tax liability grow over time. If not addressed, it can become an amount that you can’t pay. In the U.S., the IRS assessed over $20.2 billion in civil penalties for individual income taxes and assessed a net amount of more than $17.8 billion from returns not filed timely.

Having back taxes can make it much harder to file your regular tax payments. However, there are options, and a skilled Palm Beach attorney can help. The IRS is willing to work with taxpayers who can’t pay their debt without causing financial hardship. An attorney can help you negotiate tax debt.

There is an IRS Taxpayer Assistance Center Office in West Palm Beach, about two miles from the Palm Beach city center. When you talk with these agents, your attorney can represent your interests during a meeting or help you prepare in advance.

Negotiating is crucial because it can lower your debt or allow you additional time to repay the debt, while helping you avoid more serious consequences.

What Are Common Mistakes that Taxpayers Make on Their Taxes?

Taxpayers, both business and individual, can make mistakes on tax returns, quarterly estimates, payroll deposits, and many other kinds of tax payments. Some of the most common errors in taxes include:

• Math errors, which are more likely if you file a paper tax form
• Failing to list your Social Security numbers or writing them incorrectly
• Picking the wrong filing status as an individual taxpayer, which can affect tax credits, deductions, and your tax bracket
• Failing to sign the tax return
• Misspelled names leading to information inconsistencies
• Improper credits or deductions, or incorrectly calculated credits and deductions
• Wrong bank account or routing numbers for direct deposits
• Trying to claim a credit or exemption with an individual tax identification number that has expired

While some simple errors can be quickly corrected, others will result in financial penalties. Consequences can be even more serious if the IRS suspects the information was intentionally wrong to lower what you owe in taxes.

Who Can Benefit From Working With a Tax Preparation Attorney in Palm Beach?

You might benefit from a tax preparation attorney if you:

• Have complex income, such as being self-employed, receiving an inheritance, owning rental properties, or having many sources of income
• Own a business or are an employer
• Receive public benefits, including unemployment, disability, or other governmental benefits
• Take tax deductions, such as when you are disabled, have children, are paying off student loans, or own a home, especially when you take multiple deductions at once

FAQs About Palm Beach, FL Tax Preparation Law

How Much Does a Tax Preparation Attorney Cost in Florida?

The cost of a tax preparation attorney in Florida varies significantly, and you should always talk to a potential attorney about their specific fees. A tax preparation attorney may charge a flat fee or an hourly fee, depending on the type of tax preparation services you are requesting. More in-depth preparation is more likely to be at an hourly rate. The rate may vary based on the attorney’s experience, where the firm is located, and other factors.

Are Tax Preparation Lawyers Worth the Cost?

Tax preparation lawyers are worth the cost if you have uniquely complicated financial or personal circumstances. It can save you time and stress, and even money in the long run. This is because an experienced attorney can help you avoid errors that can lead to penalties and also advise you on how to legally limit your tax liability. Business owners, employers, self-employed taxpayers, and those receiving governmental benefits can really benefit from a lawyer.

What Is the Difference Between a Tax Preparation Attorney and an Accountant?

The primary difference between a tax preparation attorney and a tax accountant is that a tax preparation attorney can give you legal advice, while an accountant cannot. A certified public accountant (CPA) and a tax attorney are both professionals with an education in tax codes, and can help you file your taxes and document unique tax circumstances.

CPAs are professionals most helpful for accounting and preparation, while an attorney can help you deal with the IRS directly.

When Is It Useful to Hire a Tax Preparation Attorney in Florida?

It is useful to hire a tax preparation attorney in Florida when you have complicated circumstances. You may owe a significant tax debt that you have to negotiate to resolve, you may have multiple income sources, or you may have international assets and investments. These all lead to complicated tax filings, and the legal advice and guidance of a tax preparation attorney can be invaluable.

Contact TaxSmith, LLC, in Palm Beach

At TaxSmith, LLC, our attorney can help demystify your taxes. We know that dealing with the IRS or DOR can be overwhelming, even for straightforward taxes. Any taxpayer can benefit from experienced legal guidance, but especially those with a lot of complicated issues to prove to a tax agency. Contact our firm today and see how we can help.