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Tax Relief in South Carolina

When the economic recession of the late 2000s hit, South Carolina was one of the states that was drastically impacted by the economic difficulties. At the peak, the state had an unemployment rate of 12%, which has improved to 8.9% but it is still struggling. Tax debt is one of the most difficult aspects of the hard economic times, because some people have high tax bills that they simply can't pay off.

One common trend is to see someone who had a great job before the recession, and during that time they accrued quite a bit of tax debt. Then, the economy turned down and these people either lost their jobs or found themselves facing a dip in their income, and suddenly they were unable to pay for the taxes that due.

If you are one of those South Carolina residents facing tax debt, then you can rest assured that there are ways for you to overcome the debt. The easiest way to get out from under the tax debt is by working with a company that specializes in tax relief.

Keep in mind that tax debt is very different from consumer debt, so if you are going to hire a debt relief company then you need to make sure they have extensive experience specifically with tax relief. These companies know what it takes to help you avoid serious problems such as assets seizure and wage garnishment. Additionally, they will be able to negotiate with the federal and South Carolina state departments to work out a solution for your tax debt problems. Some people even find that a tax relief company is able to decrease the tax burden that is owed, so they don't have to pay as much money, in the end.

 

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Tax Relief In The News

Alcohol industry pushes lawmakers to uncork excise tax relief

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



Pot may provide tax relief for new school in Easthampton

EASTHAMPTON - Proponents of recreational marijuana have long touted the tax benefits of legalization. Now Easthampton may use those benefits to address rising property taxes. Introduced by Councilor Owen Zaret, a resolution referred to the City Council ...

Published:  Fri, 18 May 2018 20:28:00 GMT



Tax Relief Associates Offers Back Tax Help

A notice and demand is mailed to the taxpayer, and when the demand for payment is not satisfied, the IRS sends the balance due account to a revenue officer in the field; The revenue officer pursues administrative levies, seizures, or judicial collection ...

Published:  Tue, 15 May 2018 10:52:00 GMT



The limits of agricultural relief - How not to get hit with a massive tax bill when inheriting land

Everything you need to know about paying stamp duty on land transfers between... Martin O'Sullivan If a day passes that I do not receive a query on the tax implications of farm succession it's probably because the day is good and farmers are out making the ...

Published:  Sat, 19 May 2018 08:16:00 GMT



Reg relief, tax cuts, the war for talent: What's on midsize banks' radar

Most of the analysis of the regulatory relief bill that passed the Senate earlier this year has focused on how it will help small and regional banks, but the measure - which could face a House vote as early as next week - also contains provisions that ...

Published:  Wed, 16 May 2018 11:40:00 GMT



IRS offering tax relief for Greensboro, Guilford County residents affected by tornado

GREENSBORO - The Internal Revenue Service has announced tax relief for those in Greensboro and Guilford County affected by the April 15 tornado. The move comes as a result of President Trump approving a disaster declaration Tuesday for those areas ...

Published:  Fri, 11 May 2018 12:35:00 GMT



Relief for farmers as tax on mint abolished

The Uttarakhand Cabinet that met earlier this week recommended waiving of 2.5% mandi tax that was said to be a major hurdle in pushing the farmers away from taking up mint as a cash crop. With the Cabinet giving its nod for doing away with the mandi tax on ...

Published:  Fri, 18 May 2018 12:33:00 GMT



Tax Relief Associates provides an insight into one of the IRS tax relief programs

SAN DIEGO, May 15, 2018 (GLOBE NEWSWIRE) -- When couples file a joint tax return, each individual is liable for an equal payment of all taxes including penalties and interest for that given year. In the case of divorce or a divorce decree stating that one ...

Published:  Tue, 15 May 2018 15:58:00 GMT




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