Every individual, small business or large corporation is labeled with a Social Security Number (SSN), Employer Identification Number (EIN) or Taxpayer Identification Number (TIN) whether you realize it or not it is a tracking mechanism for the Social Security Administration (SSA) and of course, our friends at the Internal Revenue Service (IRS). All of the government agencies are communicating in detail, rest assured.
When a Taxpayer takes on new employment, the SSN is then tracked by the W-4 completed by the taxpayer once hired. Employers usually have the W-4 completed during the initial job orientation or intake. The Taxpayer has a choice to claim "0" if single or "1" if single or "2" if married. If the Taxpayer has 4 dependents he or she may claim 6 to match up with, married with 4 Children. The claim of "exemptions"
Time and time again, individual Taxpayers do not realize the ramifications of staking larger claims of exemptions (Having less money withheld) and constantly starting the year off behind on taxes being owed. The Tax Bill that is due is accruing Penalties and Interest, compounded daily which can be as high as 47% per annum. Under withheld taxes is the number 2 most seen behavior that results in IRS or State Tax Issues.
If you are Self Employed, hopefully you are familiar with the term..."Estimated Tax Payments" due quarterly. Stay current or risk having vendors you work with be at risk for a Notice of Levy.
An incorrectly completed W-4 can and will lead to IRS or State Tax Liability spinning out of control. A logical approach would be to pay the balance off with a credit card, the interest is much less than what the IRS or State Taxing Authority would charge...Although still very expensive.
IRS Back Tax Debt is no laughing matter, it’s toxic and can encumber you entire life if not paid attention to. Your Credit Report will suffer, your FICO score will take a nose dive if not addressed immediately. Your consumer power will drastically be affected when it comes to purchasing big ticket items such as achieving the American dream of buying a home, obtaining new car financing or appliances to improve your quality of life.
DWK Tax Group will set the Taxpayer on the correct path to avoid bankruptcy, protect your family and or Small Business. Protect your existing assets by settling the Tax Problem today...
Dial 1 - 8 6 6 - 2 2 6 - 6 1 0 2 for a detailed tax analysis today, you have nothing to lose but everything, including your sanity. If the trips to the mailbox are anxiety ridden, notices are piling up in the "Junk Drawer". Do you find yourself disguising your voice as if you were someone else when the cell phone rings?
Remember, not all taxpayers are eligible for Tax Relief, however, DWK Tax Group's system of progression to the most equitable position allowed by law is rock solid.
Thank you for your time in advance...
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http://dwktaxgroup.com: Your Nationwide Internet Tax Resolution Company provides all 50 States, including Hawaii and Alaska, with IRS Tax Relief representation. We WILL Stop Your IRS Wage Garnishment / IRS Levy within 1 to 2 Business Days.