State or IRS Wage Levy - Time is Way Too Precious to be Worried About Back Tax Debt

US-WIDE, US-wide - April 22, 2013 - PRLog -- The consummate non-filer Taxpayer does not possess the additional time needed to ponder, weigh and decipher a tax resolution process, penalties after a 5 month period from the tax return due date for failure to file can be as high as 25%...and that is not including the interest compounded daily. The penalty begins on the day after the filing due date.

Let's not forget to mention the failure to pay penalty which is 1/2 of 1% of your unpaid taxes. The penalty kicks in the day after the filing due date.

If an extension was requested, filed, timely, accepted and you paid at least 90% of the balance due with the extension requested you may not face a failure to pay penalty. The difference of the unpaid balance needs to be paid in full by the extension deadline.

For any month producing a balance due, the maximum combined penalty for both penalties is 5%.

If for whatever reason the tax return is more than 60 days late or beyond the extended due date, the minimum penalty damage would be $135.00 or 100% of balance due of the unpaid tax.

The IRS will make several attempts to collect on a back tax debt, should notices go unheeded? A employer notified wage levy is sure to follow...chute, balances in your bank account is considered open game as well. Being blindsided by a tax levy is a cruel awakening. So, if you have tax returns that are missing looking backward 10 years? DWK will utilize the shiny & new division of tax preparers poised to leap into action, 24 to 48 hours is all DWK Tax needs to get any taxpayer upright and compliant.

The mantra, "time is money" for the IRS or State Taxing Authority brings a new meaning to taxes with a balance due. The longer the Taxpayer decides to procrastinate the more expensive a substitute filed return (IRS filed for taxpayer) will wreak havoc. Either pay now or pay much much more later, you make the call.

Ready for conscious change to end the merry go round of relentless tax debt? Contact, DWK Tax Group at 1 - 8 6 6 - 2 2 6 - 6 1 0 2 for more information or visit http://dwktaxgroup.com/ for more information. Nationwide representation, affordable professional fees and interest free financing is available.