Arizona tax relief is available for many different situations,some of which may include professional services from a tax attorney. Your Arizona tax attorney can: Discuss your current tax situation and work with both the state and federal governments to correct any discrepancies. Review your entire financial situation to determine how much you can afford to pay the IRS in one lump sum or in several smaller payments. Explain the various federal and Arizona tax relief options and discuss the pros and cons of each option. Present any financial documents that may be needed for your Arizona tax relief request.tax debt relief attorneys in Tampa
In some cases,taxpayers may qualify for deductions,which can be applied directly to their Arizona tax relief package or to their actual tax refunds. For example,taxpayers may qualify for a tax credit if they purchase energy-efficient appliances or if they use a portion of their home for recreation. Some other Arizona tax-relief options include: Taking advantage of real estate tax credits,which can reduce your tax bills by reducing the amount you owe on real estate taxes. Refinancing your home or repairing it to improve its value can also be a tax credit.
In some circumstances,taxpayers may not be eligible for deductions or eligible to receive any tax benefits because of a physical disability. In these cases,taxpayers may choose to file a form called an Installment Agreement,which allows them to request lower tax payments by requesting extra money in the form of a refund. The IRS will then process the Installment Agreement,which certifies that the taxpayer is in full recovery from his or her disability. In most circumstances,taxpayers must repay the Installment Agreement within a specific time period or they will face serious penalties. In some cases,taxpayers may be able to ask the IRS to settle back taxes in full through a bankruptcy resolution.