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Tax settlements can be arranged with the IRS to pay off an existing tax debt. Working directly with the IRS is an option, however, hiring a local tax specialist may be a good idea to consider.

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12y ago

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Are settlements taxable in NC?

In North Carolina, the taxability of settlements depends on the nature of the settlement. Generally, compensatory damages for personal injury or sickness are not taxable, while punitive damages, interest, and settlements for lost wages or business income are subject to state income tax. It's advisable to consult a tax professional for specific guidance based on individual circumstances.


Where can one find information on IRS relief tax?

You can find reliable information on IRS tax relief directly from the IRS website, which explains programs like the Fresh Start Program, Offer in Compromise, and Installment Agreements. However, understanding which option you qualify for and how to apply can be complex. That’s where Better Tax Relief comes in. Our team of licensed tax professionals helps individuals and businesses navigate IRS relief programs, negotiate settlements, and reduce tax debt legally. We handle the paperwork, communicate with the IRS, and make sure you get the maximum relief possible. If you’re unsure where to start, visit Better Tax Relief to learn about your options and get a free consultation with a tax resolution expert.


How can you learn more about corporate income tax?

You can learn more about corporate income tax by reading relevant financial columns that are printed in newspapers. Some magazines also print columns that discus issues of corporate income tax.


What type of tax is a sales tax-?

Learn what sales tax is and find out many of the different types that you may pay. Discover where all that money goes and how it is used to offer.


A sales tax what type of tax?

Learn what sales tax is and find out many of the different types that you may pay. Discover where all that money goes and how it is used to offer.

Related Questions

Where can I learn about irs tax settlements?

IRS tax settlements are programs from IRS to allow taxpayers who have difficulty with their tax debts to settle the debt. You can find information online about tax settlements at irs.gov or one of the many commercial websites that also offer for fee consultation services such as .


Which of these situations was only possible after the Neolithic Revolution?

a farmer experiments to learn which crops grow best in his soil.


What are some good examples of tax settlements cases that I should have knowledge of?

Most tax settlements are not public record. Each cse is different consult with your accountant.


Where can I learn about tax debt resolution?

Tax debt settlements are a little more precarious than the normal debt settlement because the creditor is the U.S. government. Uncle Sam has greater penalties and is far more demanding in repayment of the debt settlements due him. However, the government can actually be a fair and merciful creditor in resolving these situations


Where can one find advice about Tax Settlements and Payment Plans?

One can find advice about tax settlements and payment plans online at the websites professional Tax Resolution, Debtmerica and Fresh Start Tax. One can also try talking in person to the local tax companies like H&R Block.


How do I resolve IRS tax settlements?

There are at least two sources you can go to, in order to find out what tax settlements you may owe the IRS. You can visit the IRS website at: www.irs.gov or you can telephone them at (800) 829-1040.


Where is it possible to learn about tax resolutions?

Tax resolution companies are meant to assist people with debt relief. However, not all of these companies are legitimate. Well-regarded sites like Forbes have reports of which tax services to avoid.


Are annuity settlements beneficial to the owners and what would the tax liability be?

This is a question best left to your tax professional. Without knowing your financial situation, it is difficult to make a sensible recommendation as to whether you should cash in these annuity settlements and what, if any, tax implications there may be.


A term used that referred to an imaginary line that separated white settlements and Indian settlements?

It is important to learn the terminology from Colonial America. The Frontier is the imaginary line that separated the white settlements and the Indian settlements.


Where can you learn more about cash settlements?

You can learn more about cash settlements on Wikipedia, or by talking to a lawyer, or someone else who is very knowledgeable on the subject. You could also try a textbook on law.


Where can I get more information about tax debt settlements?

You can get more information about tax debt settlements directly from the IRS website, which explains programs like Offers in Compromise, installment agreements, and penalty relief. Many financial news outlets and consumer protection sites also provide guidance on navigating tax debt. For personalized help, Better Tax Relief offers expert support to evaluate your situation, negotiate with the IRS, and find the best settlement option for reducing your tax burden.


Where can I learn more about cash for structured settlements?

You can learn more about cash for structured settlements at at www.jgwentworth/Structured-Settlement/Sell-Structured-Settlement.aspx. They explain what a structured settlement is, and how to sell all or some of your monthly payments.