IRS or State Wage Levy - 3 Reasons Why you should not pay Taxes on Early IRA Distributions.

Long term Unemployment or unforseen Medical emergencies are legitimate reasons for not being forced to pay 10% penalty for premature distributions. Many cases being worked by DWK Tax Group are seeing many taxpayers having to travel down this path...
By: DWK Tax Group Admin
 
Nov. 14, 2011 - PRLog -- Get a grip on your tax account, social security number or Employer ID number. 9 out of 10 Taxpayers do not truly understand their tax liability and various consequences that come along with IRS or State back tax debt.

Get a Team of Tax Attorneys on your side, protect yourself and your family from unchartered waters. All taxpayers have rights, have your voice heard via IRS Form 2848, Power of Attorney. The States are broke as well, there has been an uptick in States issuing levies for smaller balances than ever before.

If you are receiving notices do not panic, dial 1 - 8 6 6 - 2 2 6 - 6 1 0 2 for safety. You’ll feel much better knowing you have a chance from getting out from under this problem.

DWK Tax Group only has one function...Get to the "CORE" of the tax problem, solve it and move forward.

3 reasons to avoid paying penalties on IRA early distributions:

1) The distribution is used to pay taxpayer's unreimbursed medical expenses that are more than 7.5% of his or her adjusted gross income.

2) The distribution is used for medical insurance for the taxpayer, spouse and dependents the following conditions apply.
a) Taxpayer lost his/her job.
b) Taxpayer received unemployment compensation for 12 consecutive weeks.
c) Taxpayer received the distribution during either the year the taxpayer received unemployment compensation or the following year. VERY IMPORTANT!!!
d) Taxpayer received the distribution no later than 60 days after the taxpayer is reemployed.

3) Taxpayer is disabled.

"0" Percent financing is available with reasonable pricing. We will, as always, be below industry standard pricing due to the efficiency of corporate structuring. No High Pressure sales pitch or intrusive hounding of follow up phone calls.  STRICTLY No Non Sense Tax Attorney guidance throughout the process.

Doing It Yourself:

Unfortunately for some taxpayers, they try to perform the resolution procedure by themselves. Without a Tax Professional involved, the IRS will make you agree to a payment plan that is more than you should pay or the IRS will drag its feet and be unavailable you which will prolong the IRS Wage Garnishment. It is the IRS position that the IRS Wage Levy / IRS Wage Garnishment was due to you, the taxpayer, ignoring their previous requests. It is the function of the IRS to collect as much money as they can, as fast as they can. Your best interest is not the concern of the IRS. Whether your IRS Tax Debt is correct or not is not important to the IRS during the IRS Wage Garnishment / IRS Wage Levy process. Also, you are at your most vulnerable when your Wage / Paycheck, your Social Security or your Social Security Disability (SSDI) benefits are being confiscated.

We repeat, the IRS will have you agreeing to an Installment Agreement that will be much larger than it really should be. You may be Currently Uncollectible or you may qualify for an Offer in Compromise. The IRS will not tell you this.

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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 1 to 2 Business Days.
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Source:DWK Tax Group Admin
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Tags:Irs Levy, Wage Garnishment, Howto, IRA Distributions, Unemployed, Hardship, Back Tax Debt
Industry:Financial, Consumer, Services
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