Saint Augustine, FL Law Firm

Saint Augustine, FL Tax Lawyer

Tax season can be overwhelming and at times confusing, especially if you aren’t well versed in tax law. When you don’t know where to turn, it’s best to contact an experienced tax lawyer who can help. Our St. Augustine tax lawyer can take care of all your tax needs, including representation before the IRS and other taxing authorities, business tax planning and preparation of federal income tax returns.

CPA and an IRS Tax Lawyer

Most people are aware that there are tax lawyers and CPAs, but many do not know the difference between the two. A CPA, or certified public accountant, is a tax lawyer who has gone through extra schooling and passed a test in order to earn their certification. An IRS tax lawyer is someone who has experience working with the IRS and helping people to resolve their tax issues. Both types of lawyers can help you with your taxes, but an IRS tax lawyer may be more equipped to handle complex issues or problems with the IRS.

At Crepeau Mourges, we have both CPA tax lawyers and IRS tax lawyers standing by, ready to help immediately with your case. However, we understand that tax cases can be stressful, so we’ve put together some fun things to do in the area to get your mind off your case for a bit!

Dr Robert B. Hayling Freedom Park St. Augustine, FL

Dr. Robert B. Hayling was a well-known and respected civil rights attorney in Saint Augustine, Florida during the 1960s. He represented many clients who were seeking relief from IRS tax problems. He also helped to desegregate the city’s public schools and was a leader in the push for equal rights for all citizens. After his untimely death in 1967, Dr. Hayling was posthumously awarded the Medal of Freedom by President Lyndon Johnson. In 2001, Dr. Hayling’s widow made a generous donation to establish a park on the grounds of their family home.

Located just 35 minutes from the offices of Crepeau Mourges, the park features gardens that provide habitat for local wildlife including swans, turtles, lizards and hummingbirds. The lush green landscape is planted with an assortment of trees native to the area such as live oak, gumbo limbo and magnolia trees as well as more tropical varieties like banana plants and palm trees. Visitors can also enjoy walking paths through the garden or take advantage of one of several benches available throughout the property. Once you’ve enjoyed the park, make sure to contact a CPA tax lawyer for help.

St. Augustine Alligator Farm Zoological Park St. Augustine, FL

One of the most popular attractions in St. Augustine is the Alligator Farm Zoological Park, located just forty minutes away from the offices of Crepeau Mourges. This park is home to over 2,000 alligators, crocodiles, and other reptiles. Visitors can see alligators being fed, take a tour of the facilities, and even hold a baby alligator. The Alligator Farm is also home to other animals such as snakes, lizards, and turtles. If you’re looking for a fun and educational activity, the Alligator Farm is a great place to visit. Enjoy the reptiles, then contact an IRS ta lawyer for help!

Castillo de San Marcos National Monument St. Augustine, FL

When you visit Castillo de San Marcos National Monument — located just thirty minutes away from the offices of Crepeau Mourges — you can explore the oldest masonry fort in the United States. The fort was built by the Spanish in the 1600s and served as a military outpost. Today, it is a popular tourist destination. You can tour the fort, visit the museum, and watch the reenactments of historical events.

Once you’ve had some time to clear your head, contact a tax lawyer in Saint Augustine, FL at Crepeau Mourges.

Frequently Asked Questions About Tax Law

When it comes to matters involving tax law, it will be crucial to turn to a Saint Augustine law firm for guidance in managing the intricacies. At Crepeau Mourges, our team understands the importance of staying informed about tax laws and regulations to ensure our clients’ financial well-being. Tax law can be complex, but we’re here to provide clarity and guidance. Below, we address five frequently asked questions related to tax law, offering comprehensive answers to help you manage your tax obligations confidently.

What Are The Tax Brackets For The Current Fiscal Year?

Tax brackets determine the percentage of your income that goes toward federal taxes. For the current fiscal year, the tax brackets range from 10% to 37%. These brackets are based on your filing status and taxable income. Our team can help you understand which tax bracket applies to your situation and explore strategies to minimize your tax liability within the legal framework.

How Can I Claim Deductions For Charitable Contributions?

Charitable contributions can be deducted from your taxable income if you itemize your deductions on Schedule A of Form 1040. To claim this deduction, you must donate to qualified charitable organizations recognized by the IRS. Keep detailed records of your donations, including receipts or acknowledgment letters from the charities. Legal professionals have the legal acumen to assist you in maximizing your charitable deductions while ensuring compliance with tax laws.

Are Social Security Benefits Taxable?

Yes, a portion of your social security benefits may be subject to federal income tax depending on your total income. A Saint Augustine law firm will share that, if your combined income exceeds a certain threshold, up to 85% of your social security benefits may be taxable. However, not all states tax social security benefits. It’s essential to consult with a tax professional to determine the taxability of your social security benefits and explore potential tax-saving strategies.

What Is The Difference Between A Tax Credit And A Tax Deduction?

While tax credits work differently, both credits and reductions can help to reduce your tax liability. A tax deduction reduces your taxable income, whereas a tax credit directly reduces the amount of tax you owe. For example, if you qualify for a $1,000 tax deduction and are in the 25% tax bracket, the deduction saves you $250 in taxes ($1,000 x 25%). In contrast, a $1,000 tax credit reduces your tax bill by the full $1,000. Our firm can help you leverage both deductions and credits to minimize your tax burden effectively.

How Do I Report Freelance Income On My Taxes?

Freelance income, also known as self-employment income, must be reported on Schedule C (Form 1040) as part of your tax return. You’ll need to calculate your total freelance income and deduct any allowable business expenses to determine your net profit or loss. This net profit is then reported on your Form 1040 and subject to income tax and self-employment tax. Our team can assist you in accurately reporting your freelance income and maximizing deductions to optimize your tax situation.

Final Thoughts

It can be daunting to manage tax laws but it’s important to be aware that you don’t have to navigate tax laws alone. Crepeau Mourges, your trusted Saint Augustine law firm, is here to provide personalized tax guidance tailored to your unique circumstances. Whether you have questions about tax brackets, deductions, or reporting freelance income, we’re committed to helping you achieve financial success while staying compliant with tax regulations. Contact us today to schedule a consultation and let us help you navigate the complexities of tax law with confidence.