If you live in Arizona, you should know about the tax relief available to you. The Arizona Department of Revenue has announced a temporary extension of the tax filing deadlines for those affected by Hurricane Sandy. This relief is similar to what the IRS provides, except that it suspends penalties and interest. Those who are eligible for an extension can file by October 26, and make payments between October 26 and October 31. During this period, penalties and interest are waived, and they can add additional tax returns to their list later on.tax debt relief attorneys in Phoenix
In addition to tax relief, Arizona is home to many small businesses, and the government has set up a special tax relief offer for these businesses. Depending on your business’ size and industry, you may be able to qualify for an Arizona tax settlement. You must remember, however, that sample results are not necessarily indicative of your future results.
You can also get a tax credit for donating to a qualified charity or organization. These tax credits can replace a portion of your state income tax liability up to a certain amount. This tax credit can help you make a difference in your community and benefit many local families. By making this kind of donation, you will reduce your Arizona tax liability by up to $1,000.
The Arizona Legislature has the opportunity to act on Arizona tax reform. The federal tax reform offers policymakers a golden opportunity to boost the state’s economy and remain competitive in a highly competitive region.
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