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The IRS Fresh Start Tax Relief Program is a set of initiatives that gives aid to struggling taxpayers to help reduce their tax debt. This is through the implementation of tax relief procedures ...
Since the 1970s the program has grown to several thousand sites nationwide, partnering with non-profit organizations, local municipalities, and colleges and universities. In Tax Year 2015, 3.7 million VITA tax returns were filed with a 94% accuracy rate. VITA provides service to taxpayers making less than $58,000 per year.
Tax debt relief is a way the government helps you when you can’t afford to pay your tax bill. This comes in the form of a payment plan or a settlement in which the IRS agrees to settle your tax ...
You can find more information online at wake.gov/tax and clicking “tax relief program.” And you can also email taxhelp@wake.gov or call 919-856-5400. Show comments
U.S. Senators Jay Rockefeller (D-West Virginia) and Roy Blunt (R-Missouri) introduced S.B. 1133, "New Markets Tax Credit Extension Act of 2013" in June 2013 to permanently add New Market Tax Credits to the Internal Revenue Code, however the program expired in January 2014 without the bill passing. [14] [15] The program does continue.
A third provision of the Community Renewal Tax Relief Act of 2000 was the establishment of tax incentives for investment or loans provided to small businesses in low-income communities. [2] This tax credit, known as the New Markets Tax Credit Program, is established for investments in community development entities (CDEs). CDEs have three ...
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