Avoid Bankruptcy Because Of IRS or State Back Tax Problems - Wage Levy will Follow - DWK Tax Group

March 2, 2012 - PRLog -- For many, specifically the lower to middle class, economic times are still tough. Every day is an uphill challenge, whether it’s finding employment or increasing employment since being underemployed. The children need new clothing, or the water heater needs to be replaced, perhaps the family vehicle is on the brink of retirement.

For others, times are ok, not fantastic, work is work and the family is solid and in good health. Still renting a home looking to achieve the American Dream of home ownership.

For the few, life is great, income is feasible, you eat when and where you want, bills are paid. The family is thriving and the oldest is about to attend college on a Water Polo Scholarship.

The one common thread between all of these families is the fact that they all have an income tax debt accruing penalties and interest compounded daily. Findings are directly related to Back Taxes Only.

Bankruptcy vs. Tax Resolution

6 rules for Bankruptcy to discharge Tax Debt:

Due date for tax returns need to be 3 years old.
Tax return needs to FILED 2 years ago.
Taxing authority needs to have made an assessment at least 240 days old.
All returns need not be deemed frivolous or fraudulent.
Taxpayer is not guilty for the purpose of tax evading.
All tax returns need to be filed and current.

Consequence:

10 years of BK reporting on your credit report
FICO score trashed for 2 years

Tax Resolution:

Gain Compliance
Submit Offer in Compromise

Consequence:

No Credit Report reporting of Bankruptcy
Lien issued for the Government to protect their interest. Can be removing via multiple avenues.
FICO Score Stable
Tax Debt settled for an amount less owed.

If you have any further questions...Call 1 - 8 6 6 - 2 2 6 - 6 1 0 2. A live managing partner is standing by to answer your questions.

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.