How Does Tax Relief Work: Difference between revisions

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Revision as of 09:37, 15 October 2024

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Late Returns - Anyone have filed your tax returns late, are you able to still purge the tax owed? Yes, but only after two years have passed since you filed the return along with IRS. This requirement often is where people cost problems attempting to discharge their credit rating card debt.

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What is the rate? In the rate or rates enacted by Central Act almost every Assessment Entire year. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to the tax payer.

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