Best Tax Attorneys in Spring Hill

FAQs

• Where does the Tax Court hold trial sessions closest to Spring Hill, Florida?

  The Tax Court that holds trials closest to Spring Hill is located in Tampa with the address at Room 1201, Timberlake Federal Annex, 501 East Polk Street.

• Where is the low-income taxpayer clinic that is closest to Spring Hill, Florida?

  The low-income taxpayer clinic nearest to Spring Hill is the Gulfcoast Legal Services located at 78238 US-301S, Wimauma, FL 33598.

• What kind of tax exemptions are available for charitable organizations in Spring Hill?

  There are a number of tax exemptions offered by the state of Florida to charitable organizations in Spring Hill. These organizations can qualify for corporate income tax exemption, sales and use tax, and re-employment tax. However, for corporate income tax exemption, if your organization will set up any business and turn in some profits, all proceeds should be given to your charitable mission.

• Will you be taxed in Spring Hill if you have an income that comes outside of the United States?

  Florida is one of the seven states that does not have state-level income tax on its residents, including Spring Hill. If you have an income coming from outside of the US, you will not be taxed by the state revenue department. However, federal income tax still applies to everyone in the state.

• Will you have a property tax exemption in Spring Hill if you are a person with a disability?

  Yes, if you are a person with a disability in Spring Hill, you can be eligible for property tax exemption. This exemption applies to all homeowners in the state of Florida who have a permanent disability, including quadriplegics. Disabled veterans also have property tax exemptions based on their injuries and disabilities.

• Do you need to pay taxes in Spring Hill if you are a freelancer or self-employed?

  The short answer to this question is no. The state of Florida does not impose income tax on Floridians. If you are a self-employed individual in Spring Hill, you do not need to pay state-level income tax unless you are considered as a C- Corporation. However, you still have to shoulder the federal income tax, which is 15.3% as of April 2022.

• Will you have to pay short-term capital gains tax if you sell antiques in Spring Hill?

  Yes, you will need to pay capital gains tax in Spring Hill if you are selling antiques and art collections. The same goes for real estate, jewelry, precious metals, and stocks. If you will hold these assets for less than a year after acquiring them, short-term capital gains tax will be applied by the IRS.