Taxation relief can mean many different things but is primarily related to a taxpayer's ability to pay taxes by the end of the year. Generally, this happens when a taxpayer has excess funds over their tax liability and they are unable to pay that money in full. When this happens, the government will want to collect some of the surplus money from the taxpayer, so they can offer certain types of tax breaks. Learn more on tax reliefs. One common tax relief solution that a taxpayer may receive is called "state tax relief". With this, a taxpayer may resolve their state tax debt by paying less in taxes than what they would owe if they had not resolved their state tax issues. A common way to obtain state tax relief is to settle or consolidate multiple state tax debts. The state will typically want to collect certain amounts of back taxes from each of the taxpayers' tax liabilities to ensure that they can properly fund state agencies and programs. These state tax debts can be eliminated through settlement or consolidation. Another tax relief solution offered by a tax professional is known as "offshore financial liability relief". With this, a taxpayer who owns property abroad can resolve their offshore tax liability by paying their U.S. tax liabilities to the IRS instead of to a foreign tax authority. This is helpful for taxpayers who may have an asset in a non-U.S. state and who want to eliminate or reduce their tax liability from that state. One more tax relief solution that Anderson Bradshaw Tax Consulting a tax professional may offer is called "provident funds". With this, a taxpayer obtains funding from an insurance policy or other source (such as a bank) to settle their tax debts. This is often an effective solution for individuals with substantial tax debt because it often provides them with the means to pay that debt off at a discount. However, it can be quite difficult to find such policies and/or policies that offer sizable discounts. The advice of a licensed tax professional can be quite helpful in these circumstances. In some cases, there may not be any tax relief solution. If this happens to you, then a tax attorney can be of assistance. A tax attorney has the knowledge and skills necessary to help you work out a resolution between you and the IRS to avoid a tax lien or penalty. When you are looking for tax relief services, keep in mind that many professionals offer this type of service. Some tax attorneys and/or tax relief services may qualify under the law to offer this particular service. Make sure that you check out their background, credentials, and experiences to ensure that they are well-qualified to handle your case. It may take some research on your part, but it may be well worth it. Check out this post that has expounded on the topic: https://www.dictionary.com/browse/tax
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