Unfiled Self Employed Tax Returns Leads to Invasive Levy - DWK Tax Group

Feb. 18, 2014 - PRLog -- After a Valentine’s day Friday and a 3 day Presidents day weekend, America's taxpayers begin to review, and gather information necessary to submit an accurate, "audit" proof self employed tax return, or not.



  Tax deadlines approaching

For many, a tax return filing is as natural and consistent as the sun rising every morning. Wage earners have it easier...they receive a W-2. Income, withholdings and IRA contributions are plainly listed for tax return preparation (http://www.dwktaxgroup.com/services/tax-relief-unfiled-missing-tax-returns/). For others, who either forget, procrastinate or simply cannot confront...seeking the help of a tax attorney or an IRS credentialed enrolled agent may be the choice of necessity.

A self employed tax return can and will be much more complicated.

A 1099 / self employed tax return variables must remain consistent:
Recordkeeping
Separation of personal vs. business bank accounts
Start up costs
Forensic bookkeeping (http://www.dwktaxgroup.com/bookkeeping/)
Identity of hobby vs. business for profit
Basis adjustment and depreciation
Business expense comparables

As with any problem, simply recognizing the problem, coming to terms with tax collection is half the half way point to a feasible solution. A decent tax settlement requires an expertise that is constantly evolving due to yearly tax law changes, credit updates and filing requirements.

Going it on your own:
Handling a back tax collection issue (http://www.dwktaxgroup.com/services/) is certainly within any individual's right to rectify the tax problem on his or her own. Although as more often than not the taxpayer agrees to a payment arrangement for much higher than what should have been negotiated by a tax pro.

Some clients are actually eligible for "hardship" however had no idea they were eligible for a status as such. Hence, the long term benefit of seeking tax professional help.

Remember, the Internal Revenue Service (IRS) is the most powerful collection agency in the world. The sole purpose of this government agency is to collect the most amount of money via income tax, in the shortest amount of time possible. The IRS has 10 years to collect on a tax debt. The IRS is not your friend, nor are they obligated to share the best options for you or your family or your source of income.

If the troubled taxpayer is receiving notices of tax debt collection inquiries in regards to years 2003 or earlier? A deep seeded tax problem exists due to a missing self employed tax return. Dial 1 - 8 6 6 - 2 2 6 - 6 1 0 2 for a FREE tax analysis / discussion of the unique circumstances specific to you. DWK Tax Group will make a determination of estimated reasonable benefit to the taxpayer. We'll only accept your case if we can better the current scenario at hand.

Why DWK Tax Group?
Owe $10K+ to IRS or State? One stop shop for ALL back tax resolution needs
Affordable 0% financing available
$450.00 Tax levy removal in 24 to 48 hours, live at FULL earning potential
Multiple years of missing self employed tax returns completed in 72 hours
Zero complaints
$450.00 retainer to get started, service agreement required to protect client and DWK Tax Group
E-File a tax return early to fend off ID theft and unauthorized claims for dependent