If you are looking for Arizona tax relief, there are many options available to you. One of the first steps to take if you believe that you may be eligible to file a tax return is to speak with a certified public accountant or tax consultant. An Arizona tax consultant will help you explore all of your options and find the tax relief that works best for your personal situation. If you are unsure about your tax status or do not feel that you qualify to file a tax return on your own, a certified public accountant will be able to guide you through the process and help you to make sure that you file correctly and on time.
The IRS is also one of your legal options for finding tax relief. Many taxpayers who owe back taxes have received what is called a “cure.” This is an opportunity for tax relief where the IRS agrees to waive a portion of your back taxes. In exchange for this, you must pay a portion of the back taxes, usually a large portion, within a year or two. It is important to remember that the IRS cannot grant tax relief for unpaid federal income tax bills.
One of the most common forms of Arizona tax relief comes from the tax debt settlement program. This program allows taxpayers to temporarily stop paying their back taxes until the full amount is repaid. A successful application for this program means that the taxpayer may reduce his or her taxable income and gain a tax debt reduction. In some cases, a successful application may mean that the taxpayer’s taxable income is lowered enough so that the child or dependent of the successful candidate can qualify for some sort of aid, such as a scholarship. The IRS may also offer other types of tax relief, including charitable contributions, which can reduce the amount of taxes owed.