State Tax Debt Can Be Scary
State taxing authorities enforce collection activity by filing tax liens or warrants to secure tax debt. Wage garnishments and bank levies are inevitable unless taxpayers act promptly to resolve their tax matters. Taxpayers can inquire about resolutions by contacting their state tax department or an experienced tax professional.
State Resolution Programs Can Help
States accept an Offer in Compromise program to reduce financial hardship for taxpayers unable to pay their debt. If taxpayers meet certain criteria, they may qualify. Financial information such as income, expenses, and assets can determine the resolution taxpayers qualify for. Jurisdiction plays a crucial part in the outcome. Some states are flexible about resolutions, but others are less forgiving, which is complicated. It’s important to consider your options carefully but proceed promptly before collection activity occurs. Experienced tax professionals can help prevent collections and implement resolutions.
Get Your State Tax Resolution
Ease your tax burden before the state authorities enforce collection activity. You can explore your state’s tax resolution options by visiting your state tax department’s website. While most states offer resources to help taxpayers obtain crucial information about their tax liability and potential resolution options, few offer guidance and navigation. If you’re unsure how to proceed, do not hesitate to contact an experienced tax professional.
