Arizona Tax Relief – What Are Your Options?

If you are a taxpayer in Arizona,you should consider tax relief options. This is a program that was developed to help individuals and businesses to reduce their tax burdens.

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You should be able to receive assistance from a professional tax settlement company if you are facing a significant tax debt. A tax debt may include back taxes,or you may have incurred a disability or death.

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The Quality Jobs program allows companies that make a minimum investment to get tax credits. Each year,companies can qualify for a maximum of three thousand dollars per new qualified employment position.

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Businesses in Arizona can apply for the Quality Jobs program. It provides tax credits to qualifying employers and encourages the development of high-quality employment opportunities in the state.

Arizona also offers an Arizona Charitable Tax Credit,which lets you donate to charitable organizations and receive a dollar-for-dollar credit. However,this can only be used to offset your Arizona state tax liability.

You should also consider obtaining an Offer in Compromise from the IRS. This option requires you to submit proof of financial hardship. There are various criteria for eligibility,so you will need to evaluate your situation and choose the best options for you.

Another option is to obtain a tax extension from the state. This will allow you to use the original due date,thereby eliminating penalties and interest. Alternatively,you may apply for a federal extension.

Arizona is currently undergoing a period of tax reform. Governor Doug Ducey has proposed a plan that will maintain Arizona’s economic competitiveness while preserving the state budget.