Best Tax Attorneys in Boca Raton

FAQs

• Where does the Tax Court hold trial sessions closest to Boca Raton, Florida?

  The tax court at the Claude Pepper Federal Building located at 51 Southwest, 1st Avenue, Miami, FL 33130 is the closest to Boca Raton. The trial sessions are usually held in room 1524.

• Where is the low-income taxpayer clinic that is closest to Boca Raton, Florida?

  There are two low-income taxpayer clinics that are close to the area of Boca Raton. One is the Legal Aid Service of Broward County at 491 FL-7, Plantation, FL 33317 and the other is the Legal Aid Society of Palm Beach County, Inc. located at 423 Fern St #200, West Palm Beach, FL 33401.

• What is the IRS looking for when they conduct tax audits on Boca Raton residents?

  If the IRS wants to conduct an audit, they want to see if there are any discrepancies between your earnings in Boca Raton and what you have declared to them. Most of the time, the IRS is looking for unfiled tax returns, unreported income, incorrect deduction claims, and missing, irregular, or incomplete financial reports.

• What are the consequences of not filing tax returns in Boca Raton, and is there a way to avoid the penalties?

  If you fail to file your tax returns in Boca Raton, you may end up with hefty fines, get your wage garnished, or even face imprisonment. However, there are also ways to avoid penalties if you have financial issues, such as requesting installment agreements, penalty and interest abatement, innocent spouse relief, and submitting an offer in compromise.

• Does Boca Raton impose an estate tax on its property owners?

  In Boca Raton, there are no estate taxes, regardless of the size of the property. If you inherited property from a decedent who passed away after January 1, 2005, you will not be subject to estate tax. However, if the property is worth $11.58 million and more, you may be taxed for up to 40%.

• Who is responsible for managing your final taxes in the event that you pass away in Boca Raton?

  The designated personal representative will be responsible for filing all of your Boca Raton taxes upon your passing. Additionally, the representative will oversee the payment of all your tax obligations. They will be responsible for managing all of your properties and assets, including tax issues, asset distribution, and payment of creditors.

• How much is the current business tax charged in Boca Raton?

  Currently, the annual business tax in Boca Raton is $105 per year. The tax receipts from businesses will cover an entire fiscal year. All tax receipts are issued on October 1 and are due the following year by September 30. Failure to renew business taxes may result in the imposition of hefty fines or penalties upon renewal.