IRS Tax Problems and how the withholding allowance on your W-4 can get you into trouble.

Oct. 6, 2010 - PRLog -- Lately, DWK Tax Group has observed several cases in which the taxpayer falls behind because of underwithholding the necessary taxes for W-2 wage earners/employees. If this sounds like you? Contact DWK Tax Group to take on the exasperating task of getting you back to the fundamentals of the correct approach.

Join the many clients whom have experienced the treatment of the upmost service oriented company in the field of Tax Resolution.

Standard Deduction

Most taxpayers have a choice of either taking a standard deduction or itemizing their deductions. If you have a choice, you can use the method that gives you the lower tax.

The standard deduction is a dollar amount that reduces the amount of income on which you are taxed. It is a benefit that eliminates the need for many taxpayers to itemize actual deductions, such as medical expenses, charitable contributions, and taxes, on Schedule A of Form 1040. The standard deduction is higher for taxpayers who:

Are 65 or older,

Are blind,

Pay state or local real estate taxes,

Have a net disaster loss from a federally declared disaster, or

Paid state or local sales or excise tax (or certain other taxes or fees in a state without a sales tax) on the purchase of a new motor vehicle after February 16, 2009.

You benefit from the standard deduction if your standard deduction is more than the total of your allowable itemized deductions. Persons not eligible for the standard deduction.   Your standard deduction is zero and you should itemize any deductions you have if:

You are married, filing a separate return, and your spouse itemizes deductions,

You are filing a tax return for a short tax year because of a change in your annual accounting period, or

You are a nonresident or dual-status alien during the year. You are considered a dual-status alien if you were both a nonresident and resident alien during the year.

If you are a nonresident alien who is married to a U.S. citizen or resident alien at the end of the year, you can choose to be treated as a U.S. resident. (See Publication 519.) If you make this choice, you can take the standard deduction.

If an exemption for you can be claimed on another person's return (such as your parents' return), your standard deduction may be limited. See Standard Deduction for Dependents, later.

Standard Deduction Amount

The standard deduction amount depends on your filing status, whether you are 65 or older or blind, whether an exemption can be claimed for you by another taxpayer, whether you pay state or local real estate taxes, whether you have a net disaster loss from a federally declared disaster, and whether you paid state or local sales or excise tax (or certain other taxes or fees in a state without a sales tax) on the purchase of a new motor vehicle after February 16, 2009. Generally, the standard deduction amounts are adjusted each year for inflation. Use Worksheet 3 to figure your standard deduction amount.

The amount of the standard deduction for a decedent's final tax return is the same as it would have been had the decedent continued to live. However, if the decedent was not 65 or older at the time of death, the higher standard deduction for age cannot be claimed.

Higher Standard Deduction for Age (65 or Older)
If you do not itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. You are considered 65 on the day before your 65th birthday.

Therefore, you can take a higher standard deduction for 2009 if you were born before January 2, 1945.

Are you shopping around for Tax Attorney representation? Do you prefer to have Enrolled Agents
preparing your ever more important IRS Unfiled Tax Returns? DWK Tax Group, are the professionals you were looking for. If you are not experiencing a detailed review of your “LIFE” and its complexities during the interview with competitors? Hang up and contact the professional representation you deserve.

DWK Tax Group and “Piece of Mind” are synonymous. In reference to your IRS Tax Resolution representation search, be sure to do your due diligence. We very often receive “Nightmare” stories of competitors not exercising prudence in their professional practices. Buyer beware of whom you enlist to handle the Back Tax dealings with the IRS.

Thank you for your time in advance…we cannot wait to get started.

Avoid Bankruptcy  

Affordable Payment Plan available

Take charge of your life

End IRS Wage Garnishments

Ask about “Senior” Discounts or AARP discounts

Ask about DWK Tax Solution Packages 1, 2, 3 or 4. (Taxpayer must be analyzed to declare possible eligibility to qualify for IRS Tax Relief)

Call us when you need answers, call us when you ready to make conscious change.
1 – 8 6 6 – 2 2 6 – 6 1 0 2

Visit us today @ DWK Tax Group’s Website: http://dwktaxgroup.com/

# # #

http://dwktaxgroup.com: Your Nationwide Internet Tax Resolution Company provides all 50 States, including Hawaii and Alaska, with IRS Tax Relief representation. We WILL Stop Your IRS Wage Garnishment / IRS Levy within 24 to 48 Hours.