Delinquent Taxes in Wisconsin: What You Need to Know

As a resident of Madison, you know how important it is to stay up-to-date with your taxes. However, if you're facing delinquency, it's crucial to understand the additional costs and steps involved in resolving your account.

Are there additional costs that may be added if a tax liability becomes delinquent?

Yes, when your tax liability becomes delinquent, the Wisconsin Department of Revenue will consider your debt subject to collection action. This means you'll be responsible for paying any accrued interest and penalties on top of the original amount owed.

What information do I need to provide when contacting the Wisconsin Department of Revenue about a delinquent account?

To avoid collection action, it's essential to have the following information available:

* Social security number (SSN), federal employer identification number (FEIN), or Wisconsin tax number

* Telephone number where you can be contacted from 7:45 a.m. onward

How do I resolve my delinquent tax account?

To avoid further action, pay your liability immediately or contact the Wisconsin Department of Revenue to request assistance in resolving your balance. Once delinquent, the debt is subject to collection action.

What are the requirements for a homestead exemption application in Madison?

Homeowners 65 years of age or older, or those who have been classified as totally disabled and meet other requirements, may be eligible for a homestead exemption. The exemption amount is recalculated every two years to adjust for inflation.

What types of disabilities qualify for a homestead exemption in Wisconsin?

To qualify for the homestead exemption based on disability, you must have been determined to be totally and permanently disabled under the rules of the Kentucky Retirement Systems or Social Security Administration. Alternatively, you may qualify if you are a veteran of the United States Armed Forces with a service-connected disability.

How do I apply for a homestead exemption in Madison?

To apply for a homestead exemption, submit an Application for Exemption Under the Homestead/Disability Amendment to your local Property Value Administrator (PVA). You can find your PVA's contact information on Find My PVA.

By understanding the process and requirements involved in resolving delinquent tax accounts and applying for homestead exemptions, you can better manage your taxes and ensure compliance with Wisconsin state laws. Contact the Wisconsin Department of Revenue or your local Property Value Administrator if you have any questions or concerns about your account.

Mymoney accounting tax madison