TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

Go To Reviews >

Tax Relief in Iowa

Iowa residents tend to rank towards the middle of state averages across a number of measurements related to taxes. For example, Iowans' typically pay approximately $1400 per person in property taxes, ranking the state 18th overall.

Iowa's state and local individual taxes also put the state in 18th place, with an average tax of $963 collected for every resident. Iowa ranks 39th with respect to federal taxes, averaging well below the national average with $8650 in taxes owed by a typical Iowan.

However, Iowa has experienced a decline of nearly 5% in median household incomes in recent years. This overall decline, in conjunction with individual circumstances of job loss, medical expenses, and overextended credit can lead Iowans to become delinquent in payment of their tax obligations. Unfortunately, for some people, when their tax bills come due on April 15th, they have no savings in reserve to pay those bills; living from one paycheck to the next in order to meet basic needs of shelter, food, clothing, and transportation has left them with nothing to set aside for taxes.

As the pressure mounts, they continue to struggle with making ends meet, and their tax debt still goes unpaid; Iowans in these circumstances may then experience the stress of wage garnishment or seizure of assets as state and federal tax collection agencies force the payment of taxes in those ways. Many state residents are unaware of tax relief strategies available to help them manage their financial challenges related to tax debt.

Tax relief companies are often useful in helping Iowans solve some of their most serious tax problems. These tax relief specialists work to analyze their clients' tax obligations and in many circumstances they can significantly reduce their tax debt. Tax relief companies have a range of tools at their disposal, such as investigation of tax liens and levies, audit representation, and negotiating penalty abatement.

 

Go To Reviews >


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



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 ...

Published:  Thu, 14 Feb 2019 14:52:00 GMT



AICPA Urges Relief for Certain Small Businesses from Definition of Tax Shelter

The American Institute of CPAs (AICPA) has written to the Internal Revenue Service (IRS) requesting relief for certain small businesses from the definition of a tax shelter "to ensure that they will q...

Published:  Thu, 14 Feb 2019 12:47:00 GMT



States Move On Tax Reform While Gridlock Halts Action In Washington For Next Two Years

COLUMBIA, S.C. - Arkansas Governor Asa Hutchinson received high praise from the Wall Street Journal editorial board last weekend for his new proposal to provide another round of state income tax relie...

Published:  Thu, 14 Feb 2019 09:21:00 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




- View Full Site -