For those who have accumulated back taxes, the state of Arizona offers some tax relief. The Arizona Department of Revenue has extended certain tax filing deadlines, suspending interest and penalties. In addition, the department is also extending the deadline for certain payments due on October 26 and October 31. If you can make your payment during the extension period, penalties and interest will be waived. Additional extensions can be added later.Tax Relief Assistance in Tampa
Federal Tax Resolution is a top Arizona tax relief firm with over 125 years of combined experience. It is the oldest tax relief firm in the state and the fourth oldest in the country. The attorneys at Federal Tax Resolution have contacts with IRS officials from around the world, so they are well-equipped to handle any tax case.
The state of Arizona has a number of tax credits available for qualifying businesses. For example, it has a program called Qualified Small Business Capital Investment (QSBCI). The program is designed to encourage investors to invest in small businesses by providing tax credits equal to 30% or 35% of the investment. This tax relief program is available for individuals, businesses, and nonprofits.
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The Arizona Charitable Tax Credit is another option for Arizona tax relief. By donating to charities and nonprofits that are doing good in the state, taxpayers can receive a tax credit for the amount of donations made to qualifying organizations. This credit can help people make a difference in the lives of children, seniors, and families.
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