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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

Georgia Senate gives final approval to storm relief, airline tax bills

Less than nine months after state lawmakers shelved a tax break for airlines like Delta when the company snubbed the National Rifle Association, all was forgiven Saturday. Breaking marketing ties with ...

Published:  Sat, 17 Nov 2018 08:27:00 GMT



What's inevitable in an election year - taxes or tax relief

What's an elected official to do, in an election year, when there's a possibility that sitting on his or her hands could mean an additional $1.2 billion to spend Here's a hint from Senate Majority Le...

Published:  Thu, 15 Nov 2018 15:25:00 GMT



Senators Introduce Tax Relief Bill for Wildfire, Hurricane Victims

Washington November 16, 2018 - Senators Dianne Feinstein and Kamala Harris (both D-Calif.) joined with Senators Richard Burr (R-N.C.), Thom Tillis (R-N.C.), Lindsey Graham (R-S.C.), Tim Scott ...

Published:  Fri, 16 Nov 2018 09:16:00 GMT



Baker OKs tax relief for disabled

WESTFORD -- Disabled residents in town will soon be able to access new property tax exemptions up to $2,000 after a law approving the local change was formally signed by Gov. Charlie Baker. Efforts to ...

Published:  Fri, 16 Nov 2018 02:35:00 GMT



Macau casino junkets plead for tax relief, debt collection help

Casino junket operators are asking Macau's government for tax relief and more help in chasing down VIP gambling debtors. Tuesday's edition of the Macau Gaming Summit 2018 saw junket operators ...

Published:  Thu, 15 Nov 2018 00:06:00 GMT



Developer of West Park distillery reduces request for tax relief

KINGSTON, N.Y. - The developer of the planned Star Vodka distillery and event venue in West Park has, for the time being, sharply reduced the amount of tax relief he is seeking. Charles Ferri now is s...

Published:  Wed, 14 Nov 2018 13:17:00 GMT



Why San Francisco's big business tax for homeless relief succeeded after Seattle's crumbled

Two tech hubs, two crises of homelessness, two taxes on big business, two very different outcomes. San Francisco voters on Tuesday approved a new tax on the city's top-grossing companies to double the ...

Published:  Wed, 07 Nov 2018 08:29:00 GMT



Midlands Voices: School boards want property tax relief, too

The writer is executive director of the Nebraska Association of School Boards. One hundred years ago, what is now known as the Nebraska Association of School Boards was formed. As the association cele...

Published:  Thu, 15 Nov 2018 07:40:00 GMT



Editorial: The ultra-rich are finally getting relief from their estate-tax burden

Under siege and weary from their crushing financial burden, the nation's ultra-rich are finally getting the tax relief they so desperately need. We wish we could feel not only their pain but also the ...

Published:  Sun, 11 Nov 2018 15:19:00 GMT




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