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Tax Relief in Alabama

Alabama MapEvery year, there are more people in Alabama who are suffering from outstanding tax debts. Whether these problems were caused because of inability to pay, tax preparation mistakes, or failure to file tax returns, these people are now stuck with mounting debts and few ways to get themselves out of the situation. Fortunately, there are tax relief companies out there that can help them. Tax relief companies work with people who owe back taxes to the state and the IRS and help them make their situation more tenable. Sometimes these companies can reduce their overall debt, the monthly installment, or find some other form of personal tax relief in Alabama that can ease their burden.

There are many different methods that you and your tax relief company can take. Some people who are looking for personal tax relief in Alabama will try to work out a reasonable installment plan with the government. Though this option will not lower your total debt, it will show the government that you are cooperative and will stop them from putting into motion other collective actions against you. The government is also usually pretty flexible with installment plans if you seriously lack the income to pay back the taxes. You can choose to pay very small installments, which may accumulate interest, or you can agree to make bigger payments in hopes of paying it off sooner. Either way, you will be showing the government that you are cooperative, and they will try to work with you.

Some of those who are looking for personal tax relief in Alabama instead try the Offer in Compromise method. In this program, the taxpayer must show two things to the IRS. First they must demonstrate that they are completely incapable of paying their tax debt because it is too large, and they lack the income or wealth to ever pay it off completely. Second, they must show that they are cooperative, and they can show this by making a high initial payment as well as paying all their new taxes completely for the next five years.

This program is very attractive because it can potentially reduce your tax debt by a large amount. However, those looking for personal tax relief in Alabama should remember that although the IRS OIC program is a possibility, there is no OIC program in Alabama, so any state back taxes will need to be resolved using other available options.

 

Colombia tax reforms: Unions threaten nationwide strike

In Colombia, taxes on oranges, among other things, have sparked strong criticism of President Ivan Duque. After his first 100 days in office, he is accused of breaking his campaign promises. People ar...

Published:  Sun, 18 Nov 2018 03:27:00 GMT



Jordan's Parliament Approves Amendments to Income Tax Law

Income tax on banks will remain at 35 percent as in the original law ... last June after the government resigned following protests in the country before Omar al-Razzaz was appointed as prime minister ...

Published:  Mon, 19 Nov 2018 04:34:00 GMT



BJCTA finance director pleaded guilty to filing false tax returns, wire fraud in 2015

Smith was sentenced to prison for five years and a month after pleading guilty to identity theft, false tax return, and wire fraud. According to Collins' sentencing memorandum, he was born in Riversid...

Published:  Fri, 16 Nov 2018 04:35:00 GMT



Jordan PM says kingdom will pay heavy price if IMF-backed tax law not approved

AMMAN (Reuters) - Jordan's Prime Minister Omar al Razzaz said on Sunday the kingdom will pay a heavy price if parliament fails to approve new IMF-backed tax legislation. Razzaz told deputies who were ...

Published:  Sun, 18 Nov 2018 06:15:00 GMT



Montgomery school board passes resolution for potential property tax increase

MONTGOMERY, AL (WSFA) - The Montgomery County Board of Education voted 5-2 to a adopt a resolution to raise property tax in the county by 6 mills to support Montgomery Public Schools. The increase wou...

Published:  Tue, 13 Nov 2018 15:13:00 GMT



4 Tuscaloosa County companies getting tax breaks for capital projects

The Tuscaloosa County Industrial Development Authority on Thursday approved tax abatements for four companies that plan ... There are a lot of counties in America - not only Alabama - that would like ...

Published:  Thu, 15 Nov 2018 18:01:00 GMT



A warning from Alabama, if Roe vs. Wade is overturned

The politics of antiabortion legislation are already irresistible to Republican legislators in many conservative states, not just Alabama, because they are wildly popular with base voters but also don ...

Published:  Sun, 18 Nov 2018 19:14:00 GMT



Solar farm proposed in Wiregrass would be Alabama's largest

DOTHAN, Ala. (AP) - An energy project proposed for southeast Alabama could become the state's largest solar farm. The Dothan Eagle reports that Houston County commissioners have approved a 10-year pro...

Published:  Sat, 17 Nov 2018 16:17:00 GMT



Jordan's parliament passes IMF-backed tax law to reduce public debt

Jordan's Prime Minister Omar al Razzaz earlier warned deputies the kingdom will pay ... Razzaz said the law promotes social justice by targeting the wealthy and combats long-time corporate tax evaders ...

Published:  Sun, 18 Nov 2018 05:11:00 GMT



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