The Grand Canyon State requires that motorists must show proof of financial responsibility before a vehicle can be registered in AZ; the state allows consumers to a few different ways to comply. Motorists have the choice to purchase a bond, certificate of deposit or deposit cash in the amount of $40,000 with the state; since this is not generally feasible since the average consumer does not have this amount of money lying around, therefore most residents choose to purchase an auto insurance policy in order to be in compliance with the law.

For those who choose to purchase Arizona car insurance policies rather than the other options available, minimum limits of coverage are required. Motorists must carry a policy consisting of liability limits of no less than $15,000 per person and $30,000 per accident for Bodily Injury and $10,000 per accident for Property Damage. Consumers should keep in mind that these limits are the absolute minimums and more extensive coverage can be purchased if one desires. In addition, the state does not require that motorists carry coverage for physical damage to their automobiles and the state required limits on the insured’s policy do not cover any injuries or damages that they may sustain.

Additional Info About AZ Car Insurance

Arizona is one of the states that allow auto insurance companies to use an applicant’s credit history to calculate rates, determine eligibility for a policy and even deny coverage. Carriers strongly believe that a person’s “bill paying” habits show a direct correlation of the likelihood of maintaining policies and the risk of a loss; providers have gone as far as compiling statistical data to show the correlation between the two. According to insurers, those who have a less than a perfect credit history are more likely to file a claim and are considered as riskier to insure, therefore they may be charged higher rates or denied coverage. For more information, consumers can view the state’s publication titled “Understanding How Insurers Use Credit
Information“.

Motorists should also be aware of the legitimate reasons for cancellation or non renewal of policies and their rights as consumers. After a policy has been in force for over 60 days there are certain reasons that state law will allow companies to cancel car insurance polices; these reasons include non payment, obtaining a policy through fraudulent misrepresentation or if the policy issued would jeopardize the solvency of the carrier, among other reasons. Consumers should check with the state if coverage is cancelled to make sure that it was done lawfully; if policies have been cancelled or denied renewal legally, motorists should be sure to get new coverage as soon as possible and not risk driving uninsured.

See original here:
Information about Arizona Auto Insurance

Americans in the state of Georgia can expect delays in receiving their tax refunds, especially for those who filed their tax returns via paper filings.  Those who filed their returns electronically, however, are unlikely to be affected.  Why the discrepancy?

It all stems from the economic slowdown in the country and the consequent budget cuts to state governments.  In the face of 13 consecutive months of declining tax revenues, the Georgian government has had to embark on stringent cost cutting measures, reducing its expenditure by about $8.4 million this year.  Among the measures taken to achieve this are compulsory no pay leave by civil servants.  Tax processors in the state government are not spared.  Together with all Georgian state civil servants, tax processors have to each take 3 additional days’ compulsory leave without salary by June 30th this year, which happens to be the end of the fiscal year for the state government.  Besides these measures, the state government has also had to lay off a number of staff workers.

This precipitated a lack of manpower in the state tax department that resulted in a huge backlog of tax refund cases, thus the delays for Georgians, some of whom have waited months.  More acutely affected are the taxpayers who made their tax filings through paper submissions as they are more difficult to evaluate and process.

On the other hand, the delay in issuing refunds results in additional costs to the Georgian government as they have to pay interest to every taxpayer who is issued his or her refund later than 90 days after the April 15 deadline for filing taxes.  A similar thing happened last year and the Georgian government had to fork out just over $2 million in interest payments to over 270,000 of its citizens who received their refunds late.

State revenue commissioner Bart Graham said that approximately 55% of Georgians filed their tax returns electronically last year and the remaining 45% did so through paper submissions.

To increase the percentage of taxpayers who make their tax returns electronically, the IRS has issued a regulation requiring all tax preparation firms submitting more than 10 returns per year to do so entirely through electronic means.  Due to that, the Georgian state government hopes that things would be better this year and the numbers of delayed tax refunds to substantially reduce.

However, you should not get your hopes up because Georgian Governor Sonny Purdue will be leaving office at the end of this year.  How this will affect the financial situation in Georgia will be anybody’s guess.

Darrin T. Mish is a veteran, nationally recognized tax attorney who has focused on providing IRS help to taxpayers for over a decade. He regularly travels the country training other attorneys, CPAs and enrolled agents on how to handle their toughest cases with the IRS. He is highly ranked among the top attorneys in the country, with an AV rating from Martindale-Hubbell and a perfect 10 on Avvo.com. Martindale-Hubbell has also honored him with a listing in their Bar Register of Preeminent Lawyers. He is a member of the American Society of IRS Problem Solvers and the Tax Freedom Institute. With clients on every continent but Antarctica, he has what it takes to solve your IRS problems no matter where you live in the world. If you would like more information about his practice and how he can help you, please call his office at (813) 229-7100 or toll free at 1-888-GET-MISH.

Related Blogs

Georgians Tax Refund Delays is a post from: IRS Tax Problem Solver Blog - IRS Help

More here:
Georgians Tax Refund Delays

Most states in the U.S. mandate that drivers have some sort of automobile coverage to register and maintain registration on a vehicle and to legally operate an automobile. These requirements are designed to make sure that individuals who are involved in traffic collisions have a way of paying or receiving monies for injuries and/or property damage resulting from accidents. Although many states allow various ways for consumers to prove “financial responsibility” the most common method chosen by motorists to comply is to purchase an auto insurance policy.

Not only do states require motorists to be financially responsible for any accidents that they may cause, but many also require that car insurance proof is carried at all times while driving. In most cases the documentation proving that a vehicle is insured will be needed when requested by law enforcement, following a traffic accident and upon vehicle registration. Failure to have these documents ready when requested by an officer can lead to fines, suspension of driving privileges and/or vehicle registration and even the impounding of an automobile. If a person is insured, but does not have proof readily available it can turn into more of a hassle and headache than anything else; usually an officer will issue a ticket which will be needed to be attended to in a courtroom and settled by paying a fine and proving that the vehicle was covered at the time of the citation. It can be much easier to simply always have proper documentation on hand to avoid having to spend valuable time in courtrooms and possibly missing work.

Getting Proof of Auto Insurance

Consumers have multiple routes to choose from when looking to obtain a policy, but whatever method that is chosen will involve comparison shopping if an individual wants to find the best deal. Motorists can choose to call various insurers, sit down and negotiate with agents or use the Internet to obtain and compare quotes; all of these methods are effective, but one must remember to compare as many carriers as possible to get the cheapest rate possible. Recently, the Internet has been the method of choice for many consumers due to the convenience and efficiency that it provides; not only can motorists get quotes directly from the website of an insurer, but they can also use a comparison website which can provide quotes from up to fifteen of the most reputable companies in the industry and save the time that would be needed to apply with 15 different carriers.

The Internet also allows those who wish to obtain proof of a policy in a hurry a quick and easy way to do so; many websites allow for visitors to purchase coverage and even obtain the documentation instantly through e-mail or fax and get on the road as soon as the transaction is complete. Regardless of the method chosen, getting proof of auto insurance is not difficult and can be a lot cheaper than being caught without proper coverage. For an example of the fines and consequences of driving without a policy, consumers can refer to the state of Texas’ publication, “Automobile Insurance Made Easy” to get an idea of just how expensive it can become for violating a state’s financial responsibility law.

Credit:
Keep Proof of Car Insurance Handy

Do you know what CSED stands for?  Collection Statute Expiration Date.  And CSED means the time period by which the IRS must collect the taxes you owe.  Beyond this time limit, your tax debt is cancelled.  But before you jump for joy, you need to know that the CSED time limit is 10 years.  And furthermore, it can be extended.  Your CSED period can be extended due to several factors listed below.  If you are not sure if your CSED expired, you should consult a tax attorney who can help you sieve through your personal records of tax payments and other tax related matters.  Here are several situations where your CSED may be extended.

Essentially your CSED may be extended if you have made any applications for a reduction or cancellation of your tax debt.  For instance, if you have tried to declare bankruptcy, your CSED is extended by the time the bankruptcy proceedings go on.  If you have applied for any number of Offers in Compromise, that time cannot be figured into your ten years, either. An Offer in Compromise typically takes 1 year to be completed so your CSED is also extended by that length of time.  So quit trying to play cat and mouse with the IRS; they will begin to come at you with tougher and tougher sanctions as your CSED date draws closer. With bulldog tenacity, they will stop at nothing to collect the money that is theirs long before the deadline hits.

But this does not mean an Offer in Compromise is futile.  In fact, it has saved thousands of Americans millions of dollars in the past and it can save you, as well. But first, you need to show that your tax debt is beyond your capacity to repay.  If you succeed in doing so, then your CSED becomes immaterial.  If your Offer in Compromise comes through, the IRS will likely cut a deal with you so you can get away with paying significantly less. Secondly, if you can show that there was an error in the computation of your tax bill, you can have it reduced or even cancelled altogether.  One final option is to offer a lump sum payment that is less than what you owe. If the lump sum is not less than 80% of the total tax bill, it is not uncommon for the IRS to accept your proposal and waive the rest of your debt.

So you should consult a tax attorney who can advise you on which course of action is the most suitable for you.  If you succeed in reducing or eliminating your tax debt, you won't need to worry if your CSED expired or not.

Darrin T. Mish is a veteran, nationally recognized tax attorney who has focused on providing IRS help to taxpayers for over a decade. He regularly travels the country training other attorneys, CPAs and enrolled agents on how to handle their toughest cases with the IRS. He is highly ranked among the top attorneys in the country, with an AV rating from Martindale-Hubbell and a perfect 10 on Avvo.com. Martindale-Hubbell has also honored him with a listing in their Bar Register of Preeminent Lawyers. He is a member of the American Society of IRS Problem Solvers and the Tax Freedom Institute. With clients on every continent but Antarctica, he has what it takes to solve your IRS problems no matter where you live in the world. If you would like more information about his practice and how he can help you, please call his office at (813) 229-7100 or toll free at 1-888-GET-MISH.

Related Blogs

When Will My CSED Expire? is a post from: IRS Tax Problem Solver Blog - IRS Help

Originally posted here:
When Will My CSED Expire?

Unfortunately for young motorists the road leading to affordable auto insurance can be a little more difficult than those who are more mature and have more experience behind the wheel. The reason for this is that younger motorist, especially teenagers are statistically shown to have a higher involvement in traffic collisions. From a statistical standpoint, teenagers are much more likely to have an accident and also have bad driving habits including using cell phones and being easily distracted by passengers. Drivers in their teenage years are far more likely to be involved in an accident than more mature drivers and are also responsible for approximately a third of the cost of bodily injuries caused by collisions even though they make up only about 12% of licensed drivers.

Due to these statistics younger motorists are usually subject to higher premiums; it does not matter if they are a “good” driver or not because they do not have a driving history to prove that they are responsible when operating a motor vehicle. With that in mind, insurers must charge more to cover these individuals in order to protect themselves from the potential of future losses and can become difficult to find cheap car insurance for teens if not shopped for properly. Fortunately, there are many steps that can be taken to help these younger drivers find the most affordable automobile coverage.

Steps to Cheaper Car Insurance for Teens

A vital step to locating affordable coverage for teenagers is to simply take the time to shop around an compare rates from as many insurers as possible; there are so many companies to choose from and  getting quotes from a variety of carriers can raise the chances of a teen finding a company that can offer an affordable premium. In fact, there are providers who target younger drivers whether to gain a larger piece of the market or they may simply just be more profitable with these “riskier” drivers and are able to insure them at a lower rate. Therefore, taking the time to compare quotes from a variety of companies can be well worth it to locate a cheaper premium.

When comparison shopping, the approach taken is a very important step as well; teens should be aware of their options and compare based on different scenarios. For instance, being added to a parent’s existing policy can be much cheaper than obtaining a policy of their own and adding their vehicle can provide a multi-car discount which will reduce premiums even more. Teenagers should also be aware of any additional discounts that are available and take advantage; a common discount for young motorists is the good student discount (good grades will not only make mom and dad happy, but will lower the cost of insurance). This discount is available to students who maintain a “B” grade point average or higher and proof may have to be submitted to the coverage provider for a reduction in premium. In addition, consumers can refer to the Utah Department of Insurance for helpful tips when insuring a teen and also ways to keep these young drivers safe behind the wheel.

More here:
Finding Auto Insurance for Teenagers