State Tax Issues

Sometimes, taxpayers who have a liability with the IRS also owe money to their state. State tax collectors have significant authority and can create an additional financial burden if the issue is not handled quickly.

Currently, seven U.S. states do not impose a state income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. If you live in one of the other 43 states that do impose a state income tax, it is critical that you keep up with these taxes just as you would with your federal taxes.

If you fail to stay current, you could find yourself facing issues with both the IRS and your state’s tax collection agency.

Five Stone Tax Advisers has assisted many clients dealing with state tax liabilities. Because each state has its own laws and procedures regarding tax issues, it is often best to work with a representative who understands the specific regulations in your state.

If you currently owe taxes to your state, give us a call. Our knowledgeable and trusted tax advisers can help you navigate your state’s tax laws and provide professional representation for your case.