TopConsumerReviews.com United States Map
      November 18, 2018

Home  >  Tax Relief  >  Shop By State  >  Utah

Your Information Is Secure
60-Plus Ways to Save Money Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Eczema

Flower Delivery

Guitar Lessons

Hair Loss

Lice

Menopause Relief

Online Stock Brokers

Watches

 

Related Articles

Can the IRS Garnish Wages?

How To Choose A Tax Relief Agency

Protecting Yourself From Tax Relief Scams

Questions To Ask Tax Relief Agencies

Why Would The IRS Settle My Tax Debt?

 

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.

Tax Relief in Utah

Utah MapTax debt has become a living and breathing problem in the country, necessitating the need for tax relief. The business of offering tax relief to residents has boomed in the past five years. With passing time, more and more firms become a part of it. To offer tax relief, a company may use a variety of methods. These include audit representation, negotiated penalty abatement and reconsideration, and tax return amendment and review.

There are two types of taxes levied by the local government: personal income and property tax. When paid by residents and nonresidents of a state, this money goes to ensure that schools and other municipality systems keep running. Personal income tax is actually based on an individualís wage or salary. Some states, as if Texas, South Dakota and Tennessee do not collect this tax, at least on the state level. While others like the state of Utah, have a personal income tax in place. The residents of Utah pay a tax at a flat rate of 5 percent. Before 2008, however, there used to be multiple brackets for this tax category.

Exempted from paying the income tax are residents earning $2,850 for single filers while for joint filing, the amount is $5,700. This amount is determined by multiplying the amount of federal exemption by 75 percent, each year. There are bases of exemption and ways to claim tax credits, as well. Tax delinquency is an offense that may lead to serious consequences. Penalties include 10% of the unpaid tax, 15% for intentionally disregarding rules applying to taxes, 50% for intentionally evading the tax, 100% for fraud, and a $50 penalty for failure to file per return.

Furthermore, there is a Warrant for Delinquent Taxes, also called the state tax lien, that dictates that your personal property can be sold to satisfy your tax debt. Realizing the seriousness of this issue leads us back to employing the services of a tax relief firm. Such firms will aid you so that you end up paying off your debt in the duration set between you and the said firm.

 

Utah voters reject nonbinding question for gas tax hike to help fund education

SALT LAKE CITY - Utah voters rejected a nonbinding opinion question that asked whether the Utah Legislature should to raise the gasoline tax by 10 cents a gallon to provide more funding for education ...

Published:  Wed, 07 Nov 2018 17:23:00 GMT



'Obstacles that we couldn't overcome': Ballot question to boost gas tax for Utah schools falls short

A ballot question asking voters whether the state's gas tax should be increased by 10 cents per gallon to free up more funds for education was quickly and heftily defeated Tuesday night. Nonbinding Op...

Published:  Wed, 07 Nov 2018 01:46:00 GMT



Properly Implemented Business Planning Leads to a Sweet Result in Utah State Tax Commission v. See's Candies, Inc.

DALLAS, Nov. 8, 2018 /PRNewswire/ -- Berkshire Hathaway Inc. ("Berkshire") is the parent holding company of a variety of business interests. At its helm is arguably one of the best business minds ...

Published:  Thu, 08 Nov 2018 12:21:00 GMT



Herbert says a tax cut, along with tax reform, will be part of his 2019 budget proposal

"Broaden the base, lower the rate," Herbert said was his general tax policy. And he said Utah State's tax system is out of whack - not keeping up with the new economies, which are service oriented. Ta...

Published:  Thu, 15 Nov 2018 10:53:00 GMT



GOED incentives could result in over 2,100 new jobs in Utah

It is one of four companies that will receive tax incentives for expansion plans, GOED announced this week, promising to create more than 2,100 jobs. Merit Medical is a Utah-based manufacturer and mar...

Published:  Sun, 11 Nov 2018 17:24:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure