The Purpose Of Arizona Tax Relief
The purpose of the Arizona tax relief is to allow you to take advantage of every tax reduction option available to you. To find out if you qualify for tax relief, an experienced personal tax attorney in Phoenix will examine your current tax situation and recommend the best course of action. There are many complicated taxes, and many individuals have no idea what they are paying for. Your Arizona tax professional will help you navigate the tax code so that you are not surprised by what the laws are.
Your Arizona tax relief attorney may: Work with the state to fix any errors on your tax statements. Review your entire financial situation with a view to see just how much money you are able to afford to pay the IRS in one lump sum or in smaller monthly payments. Explain the various federal and Arizona tax relief programs and discuss the pros and cons of each option.
The Arizona State Supreme Court has repeatedly ruled that it is completely within the capacity of the state to lower tax rates for all Arizona taxpayers as long as they meet a set of strict requirements. In order to qualify for tax relief, a year of hardship must be met, such as a drastic decrease in income. For this reason, many people wait until they are literally in bankruptcy to file for an Arizona tax relief. It is important to note that this option will not be available to Arizona taxpayers who owe more than seven hundred thousand dollars to the IRS. This tax relief program was introduced in January of 2009 and offers tax relief to low and moderate income citizens over a five year period.