Federal Tax Relief

Written by News Channel 2 on April 17, 2013. Posted in Owe federal taxes, Tax levy federal, Tax relief federal

Relief federal taxes

Interestingly, the United States Constitution, adopted in 1787, authorized the federal government to lay and collect taxes, but required that some types of tax revenues be given to the states in proportion to population. Today, most governments in the US, at federal, state, and local elves, collect some form of taxes. Federal tax rates vary from 10 percent to 39.6 percent of taxable income. It crucial that you annually file a tax return and report your earnings and pay your taxes.

f you owe back taxes to the IRS and need help with federal tax relief, it can be advisable to seek help from a professional, especially if you owe more than $10,000. First of all, to stop IRS garnishment, several things that you want to consider. If you are facing federal tax problems and need federal tax relief a professional, such as an IRS lawyer, can provide you with detailed investigation of your current tax liabilities and they can also help you to determine what steps are necessary to prevent, stop or remove any wage garnishments, levies or liens. Wage garnishment occurs when the IRS demands that an employer withhold a portion of the wages of a tax debtor and send them directly to the IRS, while a federal tax levy occurs when the government seizes a debtors residence. Overall, if you owe federal taxes the consequences can be very serious. Therefore, if you need federal tax relief it is highly advisable to consult a professional.

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