Arkansas Tax Relief

The State of Arkansas’ tax system is based on a pay-as-you-go plan.  You must pay tax as you earn or receive income during the year by paying withholding tax and/or estimated tax. If you do not pay enough tax through withholding or estimated tax payments, you may owe a penalty for underpayment of required estimated taxes.  If you owe at least $1,000 of tax when you file your tax return and the amount of tax you owe is more than 10 percent of the tax shown on your return, you may owe a penalty.

Arkansas imposes many penalties for late or unpaid taxes. If you owe back taxes to the state or the IRS, both entities can and often will take any number of measures to collect what they think you owe. This may include taking money directly from your bank accounts or placing a lien against your personal assets.

Tax relief is available for those living in Arkansas. There is no guarantee that we can help you get rid of all your tax debt, but what we can do is get you back into compliance with the IRS and with the State of Arkansas. Compliance is always the first step in negotiating to reduce what you owe. And if you do not qualify for tax debt settlement, we can certainly help you set up a reasonable pay back plan. Contact us today for a free tax debt relief consultation and our tax pro will explain all of your options.