Do you own your own business? Is the ownership in the form of a sole proprietor? Are you an Independent Contractor whose income is reported at the end of the year via Form 1099? Read on, useful information to follow...
DWK Tax Group and its team of No Non Sense Tax Attorneys will get to the core source of the menacing tax problem, rectify the tax problem correctly in its absolute sense the first time around.
For many taxpayers this cruel lesson is learned the hard way. Pay attention, the devil is in the details. Penalties are assessed, interest starts accruing, next thing you know the situation is simply out of hand.
Contact 1 - 8 6 6 - 2 2 6 - 6 1 0 2 for a 20 minute conversation to understand the nuances of your tax account. DWK Tax will not accept every case, if we do? We will own the tax problem as if it was our own. That our guarantee.
If you did not pay enough tax throughout the year, either through withholding or by making estimated tax payments, you may have to pay a penalty for underpayment of estimated tax. Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. There are special rules for farmers and fishermen. Please refer to Publication 505, Tax Withholding and Estimated Tax, for additional information.
However, if your income is received unevenly during the year, you may be able to avoid or lower the penalty by annualizing your income and making unequal payments. Use Form 2210 (PDF), Underpayment of Estimated Tax by Individuals, Estates, and Trusts, to see if you owe a penalty for underpaying your estimated tax. Please refer to the Form 1040 Instructions (PDF) or the Form 1040A Instructions for where to report the estimated tax penalty on your return.
The penalty may also be waived if:
The failure to make estimated payments was caused by a casualty, disaster, or other unusual circumstance and it would be inequitable to impose the penalty, or
You retired (after reaching age 62) or became disabled during the tax year for which estimated payments were required to be made or in the preceding tax year, and the underpayment was due to reasonable cause and not willful neglect.
The above is referenced from irs.gov/business/small
If you are receiving IRS or State notices, DO NOT ignore them. If you have nowhere to turn or don't like how the IRS conversation turns into a shouting match or you find yourself in a defensive posture? Hang up and call 1 - 8 6 6 - 2 2 6 - 6 1 0 2. Discover the Tax Anxiety solving power of DWK Tax Group.
No Non-Sense Tax Attorney options and solutions to solve the ever menacing back tax problem. "0" % financing available, prioritized customer service and results driven tax resolution company.
Doing It Yourself:
Unfortunately for some taxpayers, they try to perform the resolution procedure by themselves. Without a Tax Professional involved, the IRS will make you agree to a payment plan that is more than you should pay or the IRS will drag its feet and be unavailable you which will prolong the IRS Wage Garnishment. It is the IRS position that the IRS Wage Levy / IRS Wage Garnishment was due to you, the taxpayer, ignoring their previous requests. It is the function of the IRS to collect as much money as they can, as fast as they can. Your best interest is not the concern of the IRS. Whether your IRS Tax Debt is correct or not is not important to the IRS during the IRS Wage Garnishment / IRS Wage Levy process. Also, you are at your most vulnerable when your Wage / Paycheck, your Social Security or your Social Security Disability (SSDI) benefits are being confiscated.
We repeat, the IRS will have you agreeing to an Installment Agreement that will be much larger than it really should be. You may be Currently Uncollectible or you may qualify for an Offer in Compromise. The IRS will not tell you this.
Hire the Protector...Not a Predator.
Due your Due Diligence, Google the Firm/Co. Name and Complaints. Buyer BEWARE!
Avoid Bankruptcy because of IRS Back Tax Problems
Affordable Payment Plan available
Take charge of your life!
End IRS Wage Garnishments
Ask about “Senior” Discounts or AARP discounts
NOTE: Taxpayer must be analyzed to declare possible eligibility to qualify for IRS Tax Relief
Call us when you need answers, call us, when you are ready to make conscious change.
Call the Nationwide Pioneer in IRS Wage Garnishment Releases. Finally, a firm with service and integrity at the top of the DWK Tax Group's Business Priorities. DWK will get you on the correct path to viable and sustainable strategy to tangible solutions to your IRS Back Tax Problem.
Contact a Managing Partner today 1 – 8 6 6 – 2 2 6 – 6 1 0 2.
Visit us today @ DWK Tax Group’s Website: http://dwktaxgroup.com/
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