Finding Tax Relief in Alaska

With the downturn of the economy, tourism-dependent states such as Alaska have continued to feel the pressure of making ends meet.  Alaska prides itself on its unique landscape and railroad infrastructure. Always a solid bet in the past, the Alaskan Railroad is now threatening to cut at least one fifth of its year-round employees citing what the company calls, “rapidly falling corporate revenues.”

CEO and President of the Alaskan Railroad, Patrick Gamble states, “The financial condition of the Alaska Railroad is seriously threatened by the economic downturn of profitable business and the future holds no promise of a quick reversal."  With the number of employees losing their jobs and benefits packages on the rise, it is no wonder residents of Alaska are facing a large amount of personal and business tax debt.

Anchorage, Alaska is also feeling the debt pressure.  If the city holds taxes at this year's level and continues using state revenue sharing exclusively for tax relief, the city's shortfall next year is projected to approach a mind-numbing $54 million, which represents a hole of about 12 percent.

As many Americans (and Alaskans) are learning, going backwards by 12 percent in a year can be financially devastating. As local and federal governments grow more desperate for revenue, they will pursue more aggressively those who owe back taxes. If you currently live in Alaska and are facing tax debt, it is possible to find relief by contacting one of our tax professionals. We offer free tax debt relief consultations. The call is free. What do you have to lose?