Tax Relief in Arizona – Hurricane Sandy Relief
If you’ve recently experienced a natural disaster, you may qualify for tax relief in Arizona. The state of Arizona has extended the deadlines for certain tax returns for Hurricane Sandy victims. Similar to the federal government’s relief program, the state will suspend any applicable penalties and interest while you wait to file your return. Specifically, a 60-day extension is available for payments due October 26 through October 31 and a 30 day extension is available for payments due November 15 to November 20. If you file a return during the extension period, penalties and interest will be waived as well.
When you receive your letter from the IRS, you may be feeling scared. Not only will the IRS get to know that you owe money, but they may even decide to issue a wage garnishment or a tax lien – a process that will prevent you from selling your home. As scary as this might sound, it is important to get the help you need to get out of debt.
For example, Arizona taxpayers can direct some of their tax money to charitable organizations and schools. However, they must donate money up front to qualify. However, they can receive every dollar back in the form of a tax credit. The only caveat is that the Military Family Relief Fund Credit isn’t carried forward.get IRS tax relief