If you are behind on your taxes,you may qualify for some Arizona tax relief. You may be able to get the interest abatement,which will lower your tax debt by 50%. The IRS may also be willing to reinstate tax credits or deductions that you were already eligible for but for reasons beyond your control no longer qualify for. If you are a low-income family and you are experiencing financial difficulties,you may qualify for some of these programs.
Your Arizona tax attorney can: Prepare a full analysis of your current tax situation and work directly with the IRS to adjust any errors. Review your personal financial circumstances to help see just how much you can reasonably pay to the IRS in one lump sum or in several smaller monthly payments. Explain the various federal and Arizona tax debt relief options and discuss the benefits and drawbacks of each option. File your federal or Arizona state income tax return,including federal,back taxes,with the IRS. Get a federal tax lien put on your property to foreclose on your back taxes if you do not pay.
Most people who need some Arizona tax relief end up filing for bankruptcy because they cannot meet the requirements required by the law. Bankruptcy is a serious step and you should consult with a professional lawyer before you take it. In some cases you might qualify for a temporary restraining order against your creditors,which allows you to sell your home while making monthly mortgage payments to the bank. Even if you cannot afford the payments on your new house,the bank can keep the equity in the home. This is another way that you can get an Arizona tax relief.2ArizonaTaxAttorneys.net