Qualifications For Arizona Tax Relief
If you have fallen upon a financial hardship that has landed you in the hot water and need to quickly find yourself some tax relief,you may be looking for options. The Internal Revenue Service is responsible for collecting federal tax debt from citizens,so that they are fairly compensated for their losses. To find tax relief,you will need to either hire a tax attorney or do research to determine the options that are available to you,depending upon the circumstances of your unfortunate circumstance. A professional Arizona tax resolution firm,working with you from start to finish,can help you get on your way toward tax relief from the federal government,whether you owe a cent or a million dollars.Get a Free Consultation on Tax Relief
In order to qualify for Arizona tax relief,there are a few requirements that must be met. For one thing,you need to show that you meet the minimum Arizona tax credit threshold. This amount is determined by taking your gross annual income,after all deductions,and dividing it by the number of people you are related to,which in turn is based on the filing status of each individual. If you fall under the low-income tax credit bracket,you are sure to qualify for tax relief,but the amount that you are eligible to receive may depend upon your gross monthly income and other factors.
In addition,in order to qualify for Arizona tax relief,you may also need to prove that you are unable to pay your taxes in full. If you are in this situation,you can request extensions,or even Currently Not Collectable status,which is a temporary status that can be applied until your income and debts can be verified. You may qualify to receive a lump sum payment or installment agreement with the IRS to settle your debts and make them payable in a timely manner. However,if you are unable to meet the terms of your extensions or agreements,it may be best to seek professional legal help from a qualified Phoenix tax lawyer to have everything settled amicably.
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