State Tax Relief Services
Although the IRS has a more rigid reputation than State Tax Collection authorities, there’s no denying that the latter can act much faster. If you owe the IRS, there’s a high chance that you also owe state tax. Address issues in a timely manner through effective state tax debt relief.
Innovative Tax Relief is an established provider of state tax relief services. Let our IRS agents, CPAs, and tax attorneys help you resolve state tax issues.
What are the types of personal state tax debt relief?
Some of the most common state tax debt issues include unfiled tax returns, tax levies, tax liens, wage garnishment, 1040 and income taxes, and 1099 form issues. Regardless of the type of state tax debt you’re dealing with, our state tax relief programs can help you get out of it.
These are your options for resolving personal state tax debt:
Currently Not Collectible
You might qualify for a Currently Not Collectible status if your financial situation is unstable. The debt won’t disappear. But you can pay in installments or submit an offer in compromise until your financial circumstances get better.
Installment Agreement
This type of agreement allows you to pay off your state tax debt in reasonable installments. This means you don’t have to pay your taxes in a lump sum. Let our state tax relief experts help you build a fair installment agreement.
Offer in Compromise
The IRS’s Offer in Compromise settles tax liabilities for a lower amount than the initial debt. Some states offer a similar program that you may qualify for depending on your income and assets. Let us handle the paperwork for you.
What are the types of business state tax debt relief?
Businesses with state tax debts might be dealing with accounts receivable levies, bank levies, franchise taxes, unemployment taxes, withholding taxes, workers’ compensation, and 1099 form issues. These debts could also be the result of a conflict with the IRS. Either way, our state tax relief programs could help you out.
There are two types of state tax relief options for business owners — corporate shutdown and corporate formation. Here’s an overview of your options:
Corporate Shutdown
If you believe that it would be better to shut down your corporate entity instead of trying to get the business back on track, then a corporate shutdown might be a more suitable state tax debt relief solution for you.
Corporate Formation
On the opposite end of the spectrum, it might be better for your business to start over. You might be able to get state tax debt relief by forming a new corporation with a new identity and a new tax identification number.
Let’s discuss your options for state tax debt relief.
Innovative Tax Relief is a full-service tax resolution firm. We are licensed by the IRS to practice in all 50 states. So regardless of your current location, you can count on us for assistance with state tax debt relief.
Talk to one of our tax relief professionals about your tax issues. We’ll put our heads together to relieve you from the situation as soon as possible.
Schedule a free consultation with us today.
