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Tax Relief in Connecticut

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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Tax Relief In The News

Tax relief of more than $1 billion a year for building owners possible

More than $1 billion of tax relief each year for building owners is on the table if the Tax Working Group recommends and the Government accepts that depreciation on buildings should be allowed again. ...

Published:  Sun, 23 Sep 2018 21:28:00 GMT



IRS Announces Tax Relief For Taxpayers Affected By Hurricane Florence

Carolinas' Coast Line Recovers From Hurricane Florence, As Storm Continues To Pour Heavy Rain On The States2018 Getty Images The Internal Revenue Service (IRS) has announced tax relief for victims of ...

Published:  Sat, 15 Sep 2018 11:42:00 GMT



ERDMAN: Nebraska needs property tax relief

Nebraskans desperately need property tax relief. Over the past ten years property valuations on agricultural land have increased 252 percent statewide and taxes have increased 162 percent. Meanwhile, ...

Published:  Sat, 15 Sep 2018 23:00:00 GMT



Lamont offers more tax relief in jobs plan

Democrat Ned Lamont has come down hard on his GOP rival for proposing unprecedented tax relief with no plan to pay for it. But Wednesday, Lamont unveiled a jobs plan centered on three business tax ...

Published:  Wed, 19 Sep 2018 14:49:00 GMT



New Repatriation Tax Relief for RICs and Foreign Income Guidance for REITs

On September 6, the Internal Revenue Service ("IRS" ) released Revenue Procedure 2018-47 (the "RIC Rev Proc" ) which provides that, a repatriation deemed to have been received by a registered investment ...

Published:  Fri, 21 Sep 2018 14:03:00 GMT



Republicans push for tax relief for NC, SC victims of Hurricane Florence

With the cleanup from Hurricane Florence just beginning for many residents of North and South Carolina, three congressmen want to provide storm victims with tax relief. Rep. George Holding of Raleigh ...

Published:  Thu, 20 Sep 2018 13:11:00 GMT



Getting property tax relief

As we move forward to the general election, we must remember that state leaders can provide municipal property tax relief through their work on the next state biennium budget and I am asking that they ...

Published:  Mon, 17 Sep 2018 21:14:00 GMT



SW council adopts broad senior tax relief ordinance

SOUTH WINDSOR - The Town Council on Monday unanimously approved a senior tax stabilization ordinance, raising the annual income limits to include more seniors in town. Proposed by Deputy Mayor Andrew ...

Published:  Tue, 18 Sep 2018 10:16:00 GMT



Scott Walker seeks tax relief for seniors, parents in upcoming state budget

Scott Walker seeks tax relief for seniors, parents in upcoming state budget Scott Walker is seeking to provide more tax relief for seniors and parents paying for child care over the next two years if ...

Published:  Tue, 18 Sep 2018 06:54:00 GMT



IRS announces tax relief for Florence victims

The IRS said Saturday that those caught in Hurricane Florence will get extended time for the next quarterly estimated income tax filing deadline Monday, as well as payroll tax returns due at the end o...

Published:  Sat, 15 Sep 2018 18:12:00 GMT




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