Reducing Tax Advances

When to Request

Request a reduction when: your income has decreased significantly compared to prior years, you've incurred large one-time expenses, your business is seasonal and the advances are disproportionate, or you've started a new business with lower-than-expected revenue.

Process

  • Submit a written request to the tax assessor
  • Attach recent financial statements showing reduced income
  • Provide projections for the remainder of the year
  • Receive an updated advance confirmation
  • The reduced rate applies from the month of approval

Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.