Tax Relief Programs For Business Owners In FloridaTax Relief Programs For Business Owners In Florida
Florida is among the states that are trying to be on top of things when it comes to tax relief. As we know, the tax season comes sooner than ever this year so it`s very important for businesses and Floridians alike to start planning for the future and making sure they`re ready for any tax changes that may occur. One way businesses can do their part in being prepared is by looking into the many programs and tax relief packages that are now available to businesses. This article will discuss a few of these helpful tools that businesses can use to their advantage.
The Florida Tax Liens Review and Settlement Program offer some tax relief options to business owners that are struggling with large tax debts. The program offers relief from liens that are unsecured in the amount as well as secured liens that are over ten thousand dollars. In order to take advantage of this program, you need to contact a qualified attorney that specializes in tax issues. The purpose of this program is to help businesses find the best option for resolving their tax issues. FICPA or the Florida Comprehensive Information Center is the state body that helps businesses with information on Florida tax liens.
Learn More About Reducing Your Tax
Another great program that can give business owners some tax relief in Florida is the Payment in Lieu of Taxes program. Through this program, you can get deductions up to fifty percent on your Florida tax debt. This type of program allows you to make an installment payment plan that allows you to pay your taxes in increments up to three years. This way, you`ll get the maximum amount of tax relief and you`ll also be able to save money on your taxes every year.