DWK Tax Group - State or IRS Back Tax Problem - Did You Receive the Dreaded 1099-C or 1099-A?

US-WIDE, US-wide - April 10, 2013 - PRLog -- After experiencing the most devastating economic recession ever seen in American history since the great depression, life, has an additional cruel twist to offer, in the form of a 1099-C and/or a 1099-A.

Many Americans unemployed, self employed & small businesses simply could not pay their bills, let alone their tax bill, they are getting a rude awakening by bankers and lenders finding away to keep bad debt off the books.

Feeling blindsided right about now?

The amount of debt cancelled, foreclosures, repossessions and abandonment reported in box 5 is the amount the Taxpayer may be on the hook to pay taxes on. Furthermore, the reported cancelled debt will be taxed in the form of "ordinary" income, an estimated $30K in cancelled debt will produce a balance owed of approximately $2500.00 additional tax debt owed. Just what you need right?

The good news is...with competent representation provided from DWK Tax Group and its in house Tax Attorneys and Enrolled Agents will provide the options to correctly address the cancelled debt or abandoned property reporting.

Call 1 - 8 6 6 - 2 2 6 - 6 1 0 2 and speak to a managing partner today, grab a paystub or like item when you call so DWK Tax may ascertain real time numbers to apply toward your free tax analysis. While conducting the analysis, its always better to proceed with "actual" numbers, the devil is in the details. If the unsettled tax debt is keeping you up at night, causing some restlessness? Click on or visit, http://dwktaxgroup.com/ for more exciting reading that is a sure fire way to put you to sleep. Nothing like boring tax information to relax you. See its works doesn't it?

Take 2 aspirin and call us in the morning, we will provide the IRS or State Tax Relief.

IRS Publication 4681 covers the above scenario for any taxpayer given any unique situation. Whether the balance stems from a personal transaction or business transaction gone haywire, Pub. 4681 is the reference point to start.  

The financial carnage carry over from years 2007 through 2010 has hurt many a family and businesses, tax ramifications for an ill advised prepared tax returns can really leave you in a precarious position of income being unnecessarily taxed. Do not fall victim to ignorance, get informed, get represented if your attempt to resolve the problem with the IRS or State feels unsatisfactory.

Discover the tax solving power of DWK Tax Group, we can't wait to get started. We will treat your tax debt problem as if it were our own, that's our guarantee.

Affordable financing available; 24 to 48 Hour resolution of tax issue; Immediate representation provided; Get it "DONE" correctly the first time around.