PRLog - Feb. 6, 2013 - US-WIDE, US-wide -- Understanding allowable IRS Tax Credits is a dollar for dollar benefit for the embattled IRS Taxpayer seeking to lower the tax obligation annually. One of the most universal credits offered is called the IRS Earned Income Tax Credit (EITC) tailored for parent filers with children. The working IRS Taxpayer income level needs to be less than $50,270 for the year 2012. Qualifying families may realize up to $5,891 should you qualify.
irs- tax- resolution- irs- tax- relief- irs-
Here is the rub...Eligible IRS Taxpayers need to file a IRS tax return and ask for the IRS EITC to be considered. What is even more fantastic, is fact the IRS EITC is a refundable credit.
All IRS Taxpayers must meet the following 6 rules to qualify; 1) Have a valid Social Security (SS) number. 2) Filing Status not be "Married Filing Jointly". 3) Must be a US Citizen or a "Resident Alien" for an entire year. 4) Cannot claim IRS EITC if filing Form 2555, Foreign Earned Income. 5) Investment income must be less than $3100. 6) IRS Taxpayer must have "Earned Income".
Income Definition; 1) Wages, Salaries, Tips and other employee pay 2) Union Strike benefits 3) Long Term Disability Payments prior to minimum retirement age 4) Net earnings from Self Employment if...You own a business or farm, if you are a minister in a religious order or if you are a statutory employee (issued a W-2 with a checked box allowing you to claim income and expenses via Schedule C or C EZ.
Just for clarity...A competent DWK Tax Group prepared IRS tax return is an ally to your financial freedom. Correctly identifying deductions, credits, expenses and exemptions is the only sustainable approach to offset income for each and every IRS Taxpayer annually. Do not leave $$$ on the table to be unnecessarily IRS taxed, pay the balance in full by the due date of the tax return. Should our advice go unheeded, rest assured, you will be paying a ludicris amount with accrued Penalties and Interest compounded daily.
If your IRS tax account file is the latter? Dial 1 - 8 6 6 - 2 2 6 - 6 1 0 2 or click on http://dwktaxgroup.com/
FYI, the Internal Revenue Service never communicates via email. If received, look out its a phishing email.
Thank you for you time in advance...
DWK Tax Group