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      May 25, 2018

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Tax Relief in Delaware

Delaware MapThose who are struggling with tax debt in Delaware often don’t know what to do. Though they have a few options and strategies for reducing their tax debt, it can be difficult to find out what those options are and hard to access them. These situations become even more perilous for those who lack the money to quickly pay off these debts and may already be in debt to other institutions.

For the people who are looking for personal tax relief in Delaware, the first thing they should do is contact a tax relief company. A tax relief company can help them look at all the options and develop a strategy for reducing the total debt owed. It’s important that these people quickly find a way to pay off or reduce their debts, because the government can start garnishing their wages or placing tax liens on their property if the debt remains unpaid.

There are many different options available for people suffering under tax debt. Though few of the options can reduce the tax debt completely, they all can help make the situation more manageable. Some of the options include: offer in compromise, filing tax returns, monthly installment plans, expiration of period to collect, and filing for bankruptcy.

In Delaware, some people try to take advantage of the period to collect expiring. This is a very unusual and risky way to reduce tax debt, but for some people it might be worth it because it can provide complete personal tax relief in Delaware. This option takes advantage of the fact that the IRS has a ten year statute of limitations on back taxes. If the IRS does not collect within those first ten years, you do not have to pay them any of your tax debt.

This may sound like a great way to get tax relief, but it’s very risky. For those ten years, the IRS will do everything it can to recover the debt. It will likely place a lien on the taxpayer’s property and may even start selling off the person’s property to pay off the debt. For some people who don’t own very much property, this might be worth the risk, but the loss of property and credit score damage are too much for most people to take the risk. If you’re looking for a safer way to get personal tax relief in Delaware, you should get the advice of a tax relief company.


Former Baltimore police commissioner De Sousa ordered to surrender passport, firearms pending trial

Baltimore's former police commissioner Darryl De Sousa will appear in federal court for the first time Monday to hear the federal criminal tax charges against him. (Kim Hairston / Baltimore Sun) Kevin Rector Contact ReporterThe Baltimore Sun Former ...

Published:  Mon, 21 May 2018 11:05:00 GMT

Lhota admits he's "˜biased' against millionaire's tax

MTA chairman Joe Lhota on Wednesday admitted he is "biased" against Mayor Bill de Blasio's plan to fund subway fixes with a millionaire's tax, because it would take money out of his own pocket. De Blasio wants to tax high earners to fund fixes to ...

Published:  Tue, 22 May 2018 22:39:00 GMT

IRS takes aim at California, other states trying to help residents avoid new tax-deduction limit

State Senate President Kevin de Leon (D-Los Angeles), calls on lawmakers to approve his legislation to help residents avoid a new limit on the deduction for state and local taxes during a debate in Sacramento on Jan. 30. State Senate President Kevin de ...

Published:  Wed, 23 May 2018 11:49:00 GMT

Upper Darby tax office worker stole more than $215K in public money, DA says

A 15-year employee in Upper Darby's tax office has been arrested and charged with stealing more than $215,000 over five years to pay for living expenses and fund her mounting drug habit, the Delaware County District Attorney's Office said. Jessica ...

Published:  Tue, 22 May 2018 15:08:00 GMT

Colombia's leftist candidate refuses to release tax return

Por motivos de seguridad, el candidato @petrogustavo negí³ a Cuestií³n ... Ironically, the anti-corruption candidate has been at the forefront demanding to see the tax returns of former President Alvaro Uribe, his long-time political rival.

Published:  Wed, 23 May 2018 11:26:00 GMT

Mailbag: Logic for New Castle County tax increases doesn't hold up

Asking for a 15 percent tax increase might seem logical to him ... service providers who support people with intellectual and developmental disabilities in Delaware. As a longtime board member of Easterseals Delaware & Maryland's Eastern Shore, I ...

Published:  Mon, 21 May 2018 08:53:00 GMT

California lags other high-tax states on state and local deduction workaround

The California Senate passed a state and local taxes workaround bill by state Senate President Pro Tem Kevin de Leí³n in January, but it hasn't gotten anywhere in the Assembly. New York, New Jersey and Connecticut have already passed bills intending to ...

Published:  Sat, 19 May 2018 06:00:00 GMT

Topeka officials hear varying comments about potential sales tax extension

Mayor Michelle De La Isla, Deputy Mayor and City Councilman Brendan Jensen and Councilmen Jeff Coen and Michael Lesser listened as speakers shared opinions both for and against the tax, with some expressing frustrations or sharing ideas without necessarily ...

Published:  Tue, 22 May 2018 18:15:00 GMT

Baltimore police chief De Sousa suspended amid federal tax charges, as his lawyers criticize prosecutors

Baltimore Mayor Catherine Pugh has suspended Police Commissioner Darryl De Sousa with pay pending the resolution of three federal criminal tax charges he faces - reversing course from the previous evening when she expressed continued support for him.

Published:  Fri, 11 May 2018 10:22:00 GMT

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