Tax Problems & Tax Resolution in Florida

Below is information unique to the Florida Department of Revenue

Tax Lien

If you have a delinquent tax assessment in Florida, the state's Collection Division may place tax liens on your personal property and/or business property. A tax lien secures the state's interest and allows for enforced collections. A tax lien is a public record and can compromise your credit score, as well as limit the ability to sell or transfer property.

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Tax Warrant

A tax warrant allows for the actual seizure of tangible personal property.

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Bank Levy

If you have a delinquent tax bill, the state of Florida can take money out of your bank account, up to the total of the amount due. If you have received a notice of Intent to Levy, or have been levied, get professional help. It is easier to avoid than reverse a bank levy, though a bank levy can be reversed.

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Accounts Receivable Levies

Businesses that owe delinquent taxes may have levies sent to their receivables. When an accounts receivable gets a levy notice, they are then legally obligated to pay the state rather than the business to which they owe the money. This can have devastating effects on cash flow, business relationships, and reputation. If the state has requested a list of accounts receivable, who you do business with, or if the state already has your bank records, you should seek get professional advice. It is easier to avoid than reverse a levies, though they can be reversed.

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Garnishments

The state may garnish wages or benefits checks. If you have received notice of an intent to garnish or levy, or are being garnished, get professional help. It is easier to avoid than reverse a bank levy, though garnishments can be reversed.

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Interest Charges on Tax

Interest charges are calculated from the date a tax return or payment is due. The rate of interest for the period January 1, 2009, through June 30, 2009, is 9 percent. This rate is subject to change effective July 1, 2009.

The floating rates of interest for deficiencies (underpayments) and late payments of tax due after December 31, 2003, are:

Interest Period Rates on Deficiencies
(Underpayments &
Late Payments) *		 Daily Factor
01/01/04 - 12/31/04 8 percent .000218579
01/01/05 - 06/30/05 8 percent .000219178
07/01/05 - 12/31/05 9 percent .000246575
01/01/06 - 06/30/06 10 percent .000273973
07/01/06 - 12/31/06 11 percent .000301370
01/01/07 - 12/31/07 12 percent .000328767
01/01/08 - 06/30/08 12 percent .000327869
07/01/08 - 12/31/08 11 percent .000300546
01/01/09 - 06/30/09 9 percent .000246575

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Penalty Charges on Tax

There are many different situations in which the state will charge penalties. Some of the most common are:

  • Failure to file
  • Failure to deposit
  • Under deposit
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Personal Assessment on Business Taxes

When a business fails to meet a tax obligations, the corporate veil may be pierced. If you are a corporate officer, or had the "power of the pen" at the time the liability was incurred, you may be held responsible and (personally) liable for the unpaid taxes, interest, and penalties.

Power of Attorney with Florida

You may have a qualified professional represent you. This requires that you have a power of attorney form completed and signed before any tax matter can be discussed with your representative. The state of Florida accepts the Power of Attorney form for this purpose.

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To resolve your tax problems, please contact Larson Financial today.

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