DWK Tax Group IRS or State Tax Preparation- Why Am I Always Owing the IRS Money on a Yearly Basis?

As sure as the Sun rising and setting, another tax deadline looms in three days. For many waged employees, life is made a little easier by correctly identifying a correct exemption claim filed with your employer via the W-4. For some, not so much...
By: DWK Tax Group Admin
 
US-WIDE, US-wide - April 13, 2013 - PRLog -- The exemption claim is a right for the Taxpayer to determine on his or her own accord what best fits their current financial scenario that best fits for them. Well, the regimented IRS Tax Code is a simple code to navigate if you had a bit of an understanding as what best serves you, your family or your business for the long or the short run.

Everyday we speak struggling Taxpayers who have received terrible advice from tax advisors of how to game the system and live with larger paychecks on a bi-weekly basis. Unfortunately, come April 15th of every year, for some odd reason...there is always some serious head scratching as to why a $2000.00 tax bill is due by the 15th but not have any ability to pay the amount due.

OK, no problem right? Lets just file an automatic 6 month extension for the Taxpayer to buy more time to gather the $2K and pay by October 15th right?

Wrong, ennnnnh (buzzer)!

An extension allows more time to file, however, should a balance be determined to be owed as of April 15th, the tax liability needs to be paid by April 15th, in full, on time in order to avoid the failure to pay penalty and late pay interest which eventually begins to compound daily. Yikes! Sometimes it may be more beneficial pay the amount of taxes due with a credit card, its' interest rate is often lower than what the IRS charges on delinquent tax debt.

Recommendation? Be informed of your best options available, the tax system in place needs expertise to navigate the shark infested waters of the IRS and State. States have more of an "in your face" approach, work slower and offer shorter terms for payment plans. The State of California, bank levied a now client for a balance owed of $2000.00, heed the warning, governments are broke and looking for any means to collect on a tax debt.  DWK Tax Group likes to think of ourselves as the friendly dolphin, safe, secure, smart and the well...protective.

For those Taxpayers who are currently in a payment plan with the Federal or State government to pay back past liabilities...Any end result of an amount owing on the most recently required annual filing will kick the payment plan, default it. Rest assured your tax account will go straight to the uncomfortable confines of IRS Automated Collection Services (ACS) or even worst, back to a overloaded revenue officer looking to release some frustration. Yep, that's the guy with the gun and the badge making unannounced visits to your home or work place. His or her job will no doubt become invasive and encumbering to the defenseless Taxpayer.

DWK Tax Group suggest to resolve the matter on your own, take a shot! However, should the representative turn into "Sybil" and starts to show disrespect, becomes calloused or the feeling of being "run over" starts to set in? Call 1 - 8 6 6 - 2 2 6 - 6 1 0 2 for the dolphin like confines of DWK Tax Group. DWK Tax will put you on the fast, no non-sense, no messing around path to equitable settlement.

From San Diego to New York City, from Miami to Seattle DWK Tax Group gives every struggling Taxpayer a shot at tax commitment restoration...We are the Taxpayer fiduciary America is looking for. Check us out at http://dwktaxgroup.com/ for more insight.

DWK Tax Group will get it done correctly the first time around, period.
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Source:DWK Tax Group Admin
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Tags:Dwk Tax, Irs Tax Prep, Owing The Irs, Irs Money Owed, Tax Preparation
Industry:Financial, Services
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