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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

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 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



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



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



Sales tax exemptions eyed to fund Nebraska property tax relief

Nebraska's long list of state sales tax exemptions was identified Thursday as the best potential revenue source to help fund substantial local property tax relief during a legislative forum ...

Published:  Thu, 13 Sep 2018 13:30:00 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



Springfield homeowners need property tax relief (Letters)

We have been a home owners in Springfield for 40 years, over those years our property taxes have been constantly rising except for a couple ups and downs due to fluctuations in property evaluations an...

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



The Rundown: Property tax relief for veterans organizations sought

A bill that would benefit veterans organizations was introduced Wednesday and moved quickly to the Senate Finance Committee on the same day. Senate Bill 1229 would give a tax exemption from all county ...

Published:  Sun, 16 Sep 2018 13:51:00 GMT




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