Tax Help Hawaii

Accrued State or IRS Tax Debt Festering? Wage Levy Eminent?

Published Date: May 15, 2014

Category: irs intent to levy

State or IRS Tax Debt

IRS Tax Debt balances accruing penalties and interest on the smallest amounts owed will and can come back to haunt you in more ways than one. Taxpayer’s who find themselves in a very compromising position year in year out need to put a stop on the uncomfortable scenario. Understand your options and viable solutions.

Consequences of Tax Debt

  1. Tax Lien reported on your credit report – This filing will wreck your ability to borrow. No Lender will take on the high risk of giving you money. The FICO score will never rise  while this report of back tax debt lingers on your credit history.
  2. Small balance becomes large balance in a hurry  – Penalty this, penalty that, interest for this, interest for that, you get the picture. Combined per annum can be as high as 47% per annum. BTW, State oriented tax debt does not have a collection statute expiration date.
  3. Blindsided by Wage and Bank levies – Absolutely most hurtful. DWK Tax releases IRS wage levies in 48 hours, keep in mind for future reference in case the tax debt continues to go un-addressed.
  4. Federal employees – Beware, tax debt gone unnoticed thus far. Word is job security while a federal employee may now be in jeopardy, having tax debt is now grounds for termination.
back IRS Tax Debt
Avoid the squeeze of IRS Tax Debt owed

Engage, engage and oh, engage tax debt

Do not be afraid to engage the tax problem. Whether it is on your own or with the help of a tax professional. The worst case scenario is to do nothing at all…

Perhaps it is time to bring in a Tax Expert to help navigate the federal and state tax code? Income tax debt relief is not always a guarantee, however, please remember…every individual circumstance is rarely identical. Get your story heard, a 20 minute tax debt analysis is a very important initial step. An experienced professional tax resolution company such as DWK Tax Group, INC. has the situational know-how, state and IRS credentials to represent you correctly.

Tax Debt Services

The services offered by DWK Tax Group are as follows but not limited to the following;

  • File multiple years of missing tax returns,
  • identify the true tax debt liability,
  • amend and correct prior filed tax returns,
  • verify accurate tax debt,
  • quickly engage the taxing authority and
  • resolve.

The  degree in which tax relief is realized by the taxpayer is strongly predicated on your current financial snapshot.

Contact

DWK Tax Group and its no non-sense team of Tax Attorneys and IRS Enrolled Agents may be contacted, toll free at 1 -8 6 6 – 2 2 6 – 6 1 0 2. A visit to the website, https://dwktaxgroup.com/ offers the ability to share your non-sensitive information with DWK. A FREE tax analysis is conducted anonymously and confidentially.  No obligation, DWK Tax Group’s objective is to ask the right questions, make a determination of avenues available for tax relief. DWK will not accept the case file unless a benefit exist by retaining DWK Tax Group, INC..

 

 

 

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