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Several reasons exist as to why approaching tax filing deadlines may be of benefit to the taxpayer looking tax relief. A solid grasp of the entities business and or, individual income tax obligation may be in the public's best interest to review. DWK Tax Group's top 4 reasons why October 15, 2013 carries meaningful ramifications to the individuals currently on tax filing extension via Form 4868. Application for an automatic 6 month extension of time to file taxes. Hopefully this form was submitted prior to 4/15/2013. Tax Relief Presidentially Declared Disaster Areas: If the 2012 tax filing period creates a balance owing scenario as of 4/15/2013, regardless if you filed a Form 4868, the IRS tax liability is accruing penalties of failure to pay and or, failure to file on time and applicable interest. The exception to the penalty is a federally declared disaster area via the FTD waiver period, Extension Period and Disaster Designation. The IRS will abate interest and any late filing or late payment penalties that would apply during these dates to returns or payments subject to these extensions. Tax Relief Collection Statute Refund Expiration Date If an extension of time to file was submitted for the tax period of 2009 (10/15/2010) the ability to collect on that refund will expire on 10/15/2013. Or, within 2 years of the date in which taxes were paid. Remember, an extension must have been filed. Tax Preparation Partnerships and Corporations Shouldn't your tax professional have you prepared to file the 1065, Partnership tax returns (due 4/15) and Corporation tax returns, 1120 or 1120S (due on 3/15) before the tax deadline to begin with? IRS is now viewing the tax preparer as the accountable individual to insulate the business or individual for a potential future audit. Hopefully you have someone in your corner that you can trust. DWK Tax Group consistently encounters stories of CPA's and tax preparers dropping the ball. Bookkeeping DWK Tax Group's "Business Foundation Restructure" Program The most crucial facet of business ops is to obtain financial clarity from within. DWK Tax Group, will "make sense of the senseless" via massive support via the most trusted name in accounting today, Intuit. Bring your business into the 21st century via QBO and actually create an invoice, post an account payable or post time sheets for payroll while sitting on the beach in Waikiki, Hawaii. The intent is to provide a username and password to the client with a finished and refined accounting system geared for unbridled success. Here is where most IRS or State Tax problems begin. Ready for a conscious approach for change? Contact us at 1 - 8 6 6 - 2 2 6 - 6 1 0 2 for a fast track to thorough tax relief or you may click on http://dwktaxgroup.com/ for more information. Nationwide, DWK Tax Group provides Federal and State (41) income tax relief from aggressive taxing agency behavior. Thank you for your time in advance... Photo: http://www.prlog.org/12194853/1
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