Do You Have Unfiled State or IRS Tax Returns? Lower IRS Tax Liability Via Child Care Expenses

Allowable Child/Dependent Care tax credits, is a dollar for dollar credit the unfiled taxpayer needs to utilize to lower earned taxable income. Missing tax return filings is the very first hurdle to overcome to obtain compliance.
By: DWK Tax Group Admin
 
US-WIDE, US-wide - May 13, 2013 - PRLog -- DWK Tax Group is constantly looking for a way educate and inform the general taxpayer public on how to maximize an unfiled tax return and reap benefits of the most basic task of filing a tax return...  

Compliance is the second phase of 3 phases to back tax resolution, which includes the following;

File all Corporate or Partnership Business / Self Employed tax returns affiliated with a FEIN (Federal Employment Identification Number) or SSN (Social Security Number, Sole proprietor)

File all 940 / 941 / 944 in regards to quarterly payroll obligations.

File all individual 1040 tax returns within (sometimes beyond) the 10 year collection statute.

DWK Tax Group has discovered a client friendly way for the unfiled taxpayer to convey necessary tax prep information utilizing the latest technology available today. Any and all claims should be substantiated, verified by the taxpayer to ensure the utmost accuracy, remember, the proof of burden always rests with the taxpayer to create a paper trail or "solid" bookkeeping.

Nationwide, Intuit / QuickBooks Pro Advisors are on stand by ready to combat messy recordkeeping habits at a moments notice. Again, technology of today allows or experts the ability to reconcile bank statements, payroll, invoicing, inventory management, etc.. Upon "business foundation restructure" completion DWK will hand over the keys (username & password) to your financially "organized" business entity set up for long term success.

Claims of Child / Dependent Care Expenses

In order to qualify the following tests must be met:

1) Care must be for one or more qualified persons 13 years of age or younger or has a mental or physical disability

2) Taxpayer must keep a home that he/she lives with the qualified person

3) Taxpayer (and spouse if married) must have earned income during the year

4) Taxpayer must pay for child / dependent care to work of look for work

5) Taxpayer must identify the child care provider on his/her tax return

6) Taxpayer must pay someone other than his/her dependent

7) Filing status cannot be married filing separately

8) Taxpayer excluded less than $3000 (less than $6000 if two or more qualified persons were cared for) of employer provided dependent care assistance benefits

9) Taxpayer cannot file a 1040EZ

Note: Expenses are qualifying if;

The expense allows the Taxpayer to work, look for work or for a qualifying person's care.

If you are ready to make a fundamental change in your approach to address a menacing IRS or State Tax Problem, call 1 - 8 6 6 - 2 2 6 - 6 1 0 2 or click on http://dwktaxgroup.com/ for a website inquiry. Be leery of traveling down this road alone, navigating the IRS or State tax codes is a daunting task to confront. Call us, you'll be surprised as to how quickly a resolution is achieved and how affordable our flat fees are.

Thank you for your time in advance...
End
Source:DWK Tax Group Admin
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Tags:IRS tax Returns, Have Unfiled State, Irs Tax Liability, Child Care Expenses, Dwk Tax Group
Industry:Financial, Services
Location:US-wide - US-wide - United States
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