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After filing a tax return, many people in Connecticut discover that they owe thousands of dollars to the government that they can't afford to pay. If they are unable to quickly pay off their back taxes, the government can garnish wages, seize bank accounts or put a tax lien on their property.
When this happens to someone who has never had tax debt before, this can be a very stressful and confusing time. In these situations, it's important that the person gets professional help that can assist them with any federal, state or local taxes they have outstanding. Tax relief companies are businesses that specialize in helping people who have large amounts of tax debt.
Another service that tax relief companies offer is to remove any additional penalties that are levied. When someone doesn't immediately pay off their tax debt, the government may issue additional charges that add onto the total payment owed the government. If the tax relief company can prove that there is a reasonable explanation for why taxes weren't paid on-time, federal and state tax authorities may waive the penalties and save hundreds to thousands of dollars.
Whether you are living and working in Connecticut or in another neighboring state, a tax relief company can be the professional help you need to get through a tough tax situation. An experienced company can help you make smart decisions after considering all of the possible options that few of us are even familiar with. Getting tax relief from a company familiar with Connecticut laws is the best bet to effectively and efficiently resolve any back tax issues.
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Published: Thu, 24 May 2018 20:10:00 GMT
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Published: Fri, 25 May 2018 10:17:00 GMT
New Jersey is known for many things - our beautiful shore, our great history, Bruce Springsteen - but it's also known for something much less attractive: having the highest property taxes in the nation. New Jersey's residential property taxes set a new ...
Published: Mon, 21 May 2018 08:44:00 GMT
Your article was successfully shared with the contacts you provided. While a 401(k) plan loan can often provide an option for obtaining otherwise unavailable financing, the rules governing these loans are specific and failure to follow them can, in some ...
Published: Fri, 25 May 2018 11:00:00 GMT
The alcohol industry is pressing Congress to make permanent the excise tax relief it received under the Republican tax law. The measure President Trump Donald John Trump Oregon governor to face state rep in November Ashford, Eastman neck and neck in ...
Published: Wed, 16 May 2018 03:00:10 GMT
A State-supported think-tank has questioned the level of tax relief given to people for saving for a pension. An Economic and Social Research Institute (ESRI) paper found that high-income households are the big winners from the tax treatment of pension ...
Published: Wed, 23 May 2018 18:30:00 GMT
Pension savers have been left in limbo after a landmark court case about tax relief. In March a court ruled that pension savers were entitled to tax relief when they put non-cash assets into a self-invested personal pension (Sipp) or small self ...
Published: Fri, 25 May 2018 16:01:00 GMT
The Calvert County commissioners hosted a public hearing Tuesday to present their fiscal 2019 proposed budget of $297,516,132, which is $14.7 million more than the fiscal 2018 budget. Officials also announced some fiscal respite. "We are thrilled to ...
Published: Wed, 23 May 2018 13:32:00 GMT
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