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      May 21, 2018

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Tax Relief in Tennessee

Tennessee MapPersonal Tax refers to the tax on compensation earned by residents and nonresidents. These include wages and salaries along with interest, income from intangible property, dividends, and so on. Personal tax is one of the local taxes that fund governmental units, such as schools and other municipalities. Like six others states, including South Dakota, the state of Tennessee does not levy a personal tax, however, residents earning income from stocks, notes and bonds are considered to be earning taxable income. That tax has a flat rate of 6 percent.

Property tax also comes under personal taxes and the state of Tennessee levies this type of tax on its residents. It also offers tax relief to elderly and disabled property owners. The degree of tax relief provided through such programs takes into account the market value of the property in question.

For the rest of the residents, tax debt could very well become a reality. Delinquency concerning the amount owed to the IRS can lead to the issuance of a warrant/lien against you and your assets. The warrant makes it possible that any (or all) assets owned by you can be seized and then sold off to pay your debt. Other penalties keep being incurred, as the time passes. The only solution to this problem is to look for a tax consultant from a firm that offers tax relief.

The industry of tax relief keeps on increasing exponentially with a multitude of companies joining this race year after year. Helping the client get out of tax debt is paramount to a tax relief company. Strategies employed by such companies include negotiated penalty abatement, audit representation and reconsideration, and tax return amendment and review. Instead of waiting for the IRS to seize your assets, you should retain the services of a tax relief firm to assist.


Opportunity for Tennessee: Chuck Schwab expects more companies to flee high-tax states

The Charles Schwab annual meeting at the company's San Francisco headquarters this week provided an opportunity to ask one of the city's most prominent business leaders a question on the minds of many these days: Will a new California tax law capping ...

Published:  Thu, 17 May 2018 04:08:00 GMT

Sri Mulyani: Tax Revenue at Rp383.8tn per April

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati announced that the amount of tax revenues from April to January reached Rp383.3 trillion. The figure represents a 10.89 percent increase. "This shows that our tax revenue growth is still robust ...

Published:  Thu, 17 May 2018 05:28:00 GMT

Cookeville not planning on tax increase

When the Cookeville City Council considers a budget for the 2018-19 fiscal year next month, they won't be looking at a property tax increase.However, the city is at a point where leaders are looking a When the Cookeville City Council considers a budget for ...

Published:  Mon, 14 May 2018 13:10:00 GMT

Two Bristol Tennessee leaders want to raise property tax rate

Please log in, sign up for a new account and purchase a subscription to continue reading. Thank you for reading 11 free articles on our site. You can come back at the end of your 30-day period for another 11 free articles, or you can purchase a ...

Published:  Thu, 17 May 2018 21:39:00 GMT

Beijing fails to match US on tax cuts, as fiscal revenue soars in first four months to US$1.4tn

Despite Beijing's repeated promises to reduce the tax burden on companies and individuals, China's fiscal revenue in the first four months of 2018 surged 16.5 per cent from the same period of last year to 8.9 trillion yuan (US$1.4 trillion).

Published:  Tue, 15 May 2018 16:05:26 GMT

PARIS TN: County delinquent tax committee approves the sale of two Paris properties

Two parcels of delinquent tax real estate were approved for sale Thursday afternoon by the Henry County Delinquent Tax Committee. The committee first approved Bob L. Smith's offer of $625 for a lot on Yates Street. While the delinquent taxes totaled more ...

Published:  Thu, 17 May 2018 17:57:00 GMT

Tax day gives US government a $214.3 billion surplus in April

WASHINGTON (AP) - The federal government swung to a surplus of $214.3 billion in April, primarily reflecting the revenue from that month's annual tax filing deadline. The Treasury Department reported Thursday that last month's surplus increased 17.4 ...

Published:  Thu, 10 May 2018 12:08:00 GMT

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