If you need an Arizona tax relief, your tax professional should be able to: Hire a professional to prepare your taxes for you if you are unable to do it yourself; advise you on whether or not you qualify for a tax break; and provide you with a complete list of tax breaks, how they will affect your taxes and how to claim them. Your Arizona tax attorney will: Review your current tax statements and work with the state to fix any errors. Analyze your financial situation to help decide how much you can reasonably pay the state in one lump sum or in smaller, more flexible monthly payments. Share the benefits and disadvantages of every available solution and explain the federal tax debt relief program to your client.Orlando tax relief firm
In addition to getting a refund, many taxpayers get Arizona tax relief by getting a temporary hardship extension. The terms of a hardship extension vary from case to case and depend on many factors, including the taxpayer’s income, their age, and the value of their property. A temporary hardship extension can keep a taxpayer from having to pay taxes for a specific period of time, usually from three months to one year. For taxpayers who qualify, an extension can help them pay off their debts and reduce their income so they can be in a better position to pay their taxes.
One final way that an Arizona tax relief lawyer may be able to lower your taxes is by reducing the amount of income tax you owe. Many states and municipalities have special tax rates for income or property. For instance, some states have an income tax rate of five percent on the first $8,500 of taxable income and ten percent on the remaining balance. Some states have graduated tax rates, which means the higher your income, the lower your tax rate. An experienced tax attorney may be able to negotiate a good deal with the IRS to get you this relief.