Hawaii Tax Debt Relief
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WHAT HAPPENS WHEN YOU DON’T PAY FEDERAL & HAWAII STATE TAX?
If you are an individual, your Hawaii taxes are due on 20th April in any financial year. If you are a business or partnership, then your taxes are due on 20th August in the financial year. Failure to submit a tax return and comply with these deadlines may mean you will be subject to late penalty fees. The unpaid tax is calculated at 5% for a month, or even part of a month, up to a maximum of 25%.
HOW TAX DEFENSE & RELIEF GROUP CAN HELP PROVIDE TAX DEBT RELIEF IN HAWAII
If you are unable to pay your owed taxes in full, you may be able to get an agreement to pay in installments. Tax Defense & Relief Group will help you complete the relevant forms to apply for an installment payment plan, if applicable. If you are eligible for an installment plan, it is likely to last between 6-12 months and you may be required to make an initial down payment of 25% of the outstanding amount owed, as well as a processing fee
POPULAR FAQS ON HAWAII TAX DEBT
WHY SHOULD I HIRE A HAWAII TAX DEBT RELIEF LAWYER TO RESOLVE MY BACK TAXES?
There are times when you may be eligible for extra consideration due to financial hardship. In this case, the state tax authority will put their tax debt collection efforts on hold, whilst your case is assessed. Tax Defense & Relief Group has a lot of experience in this area and can help you get the most sensitive treatment possible for your circumstances.
CAN I REDUCE ACCRUED PENALTIES AND INTEREST CHARGES?
Under certain circumstances, it is possible to get penalty relief, or a waiver of penalties. This would have to be submitted under an Offer In Compromise. You would have to be able to show reasonable cause, which is difficult to do at times. Your inability to pay or submit your taxes has to be due to circumstances that are beyond your control.
WHAT IS AN OFFER IN COMPROMISE?
An Offer In Compromise is a tax debt resolution option set up by the government that will allow people to pay less than what they owe. They must show the state tax authority that paying the full amount of taxes will cause financial hardship, or there could be some dispute about the amount of tax debt owed.
HIRE THE BEST TAX DEBT DEFENSE TEAM IN HAWAII TODAY!
If you are having difficulty repaying your taxes, then consult Tax Defense & Relief Group for an initial consultation and financial advice about your tax debt. Request your free consultation by calling 800-600-4300 today!