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Tax Relief in Rhode Island

Even though Rhode Island is the smallest state in the country, it doesn't mean that there are no economic opportunities available in the area. In fact, there are many large employers in the state that offer good salaries to the workers. But, many people are still running into financial problems, especially with tax debt.

Tax debt can be a burden for Rhode Island residents, because the tax rates are much higher in this small state compared with the surrounding states. At one point, the state had one of the highest income taxes in the nation, putting a lot of residents under pressure to come up with the money that was needed to pay their bills. In addition to the high state taxes, the residents also have to deal with federal taxes at the same time.

If you want to find financial freedom, then you need to make sure that you are working with a debt relief company who can help you navigate the confusing world of tax laws. Some people think it's better to handle their tax debt on their own, and they find themselves in frustrating situations where their money is being garnished from their paychecks or some of their assets have been seized.

Don't make common tax payment mistakes and create a bigger mess that you will have to deal with in the future. A better option is to talk with a tax relief company that are familiar with the laws specific to Rhode Island. In fact, a good tax relief company will be able to negotiate the tax payments for you, so that you can quickly get in control of your finances once again. These tax companies have many more options available for them to use, and these tools are only available by working with a professional who can guide you in the right direction.


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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

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