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Tax Relief in Alabama

Every year, there are more people in Alabama who are suffering from outstanding tax debts. Whether these problems were caused because of inability to pay, tax preparation mistakes, or failure to file tax returns, these people are now stuck with mounting debts and few ways to get themselves out of the situation. Fortunately, there are tax relief companies out there that can help them. Tax relief companies work with people who owe back taxes to the state and the IRS and help them make their situation more tenable. Sometimes these companies can reduce their overall debt, the monthly installment, or find some other form of personal tax relief in Alabama that can ease their burden.

There are many different methods that you and your tax relief company can take. Some people who are looking for personal tax relief in Alabama will try to work out a reasonable installment plan with the government. Though this option will not lower your total debt, it will show the government that you are cooperative and will stop them from putting into motion other collective actions against you. The government is also usually pretty flexible with installment plans if you seriously lack the income to pay back the taxes. You can choose to pay very small installments, which may accumulate interest, or you can agree to make bigger payments in hopes of paying it off sooner. Either way, you will be showing the government that you are cooperative, and they will try to work with you.

Some of those who are looking for personal tax relief in Alabama instead try the Offer in Compromise method. In this program, the taxpayer must show two things to the IRS. First they must demonstrate that they are completely incapable of paying their tax debt because it is too large, and they lack the income or wealth to ever pay it off completely. Second, they must show that they are cooperative, and they can show this by making a high initial payment as well as paying all their new taxes completely for the next five years.

This program is very attractive because it can potentially reduce your tax debt by a large amount. However, those looking for personal tax relief in Alabama should remember that although the IRS OIC program is a possibility, there is no OIC program in Alabama, so any state back taxes will need to be resolved using other available options.

 

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Tax Relief In The News

Smaller Tax Refunds Surprise Those Expecting More Relief

The tax preparers at H&R Block had to take a new class before their busy season started this year: empathy training. They listened to a mock exchange between an employee and a customer whose refund wo...

Published:  Wed, 13 Feb 2019 12:55:00 GMT



Critics say tax relief legislation would widen racial inequities

RICHMOND - Members of progressive groups are seeking to hold Gov. Ralph Northam to his promise to focus the remainder of his term on racial equity and to help reconcile Virginia's long history of raci...

Published:  Thu, 14 Feb 2019 10:22:00 GMT



Supporters, opponents speak out on $700 million property tax relief plan

WEBVTT ANDREW: A LEGISLATIVE HEARING ROOM, FULL OF FARMERS ANGRY THAT THEIR PROPERTY TAXES ARE CHOKING THEM OFF THEIR LAND. )) THE DREAM'S OVER, I'M GONE. YOU SAY NOBODY LEAVES BECAUSE OF TAXES, THIS ...

Published:  Fri, 15 Feb 2019 01:30:00 GMT



Multiple property tax relief bills introduced

LINCOLN, Neb. (KOLN) - On Thursday at the State Capitol legislators heard testimony for two different bills aimed at lowering property tax in Nebraska. Lb-314 would take money from a bunch of places t...

Published:  Thu, 14 Feb 2019 17:05:00 GMT



Lamont offers business tax relief, enhanced digital services

Gov. Ned Lamont unveiled his long-anticipated proposal Thursday to eliminate the business entity tax, a $250 fee nearly all Connecticut businesses pay once every two years. The governor, who must deli...

Published:  Fri, 15 Feb 2019 06:37:00 GMT



Virginia Gov. Signs Tax Conformity And Relief Legislation

Law360 (February 15, 2019, 7:27 PM EST) -- The governor of Virginia signed off on a sweeping tax bill Friday that conforms the state to the 2017 federal tax code, while granting $1 billion in new dedu...

Published:  Fri, 15 Feb 2019 16:39:00 GMT



Ricketts: A short history of property tax relief failures

It has often been said that it is helpful to understand history to avoid repeating the mistakes of the past. This year, state senators have proposed initiatives aimed at achieving property tax relief. ...

Published:  Wed, 13 Feb 2019 01:00:00 GMT




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