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Good bookkeeping practices leads to a smooth tax return preparation transition. Got unfiled tax returns? DWK Tax Group is the nationwide leader in getting any and all Taxpayers upright when there is nowhere else to turn. 1 - 8 6 6 - 2 2 6 - 6 1 0 2 Due your due diligence, a lot of folks know how to make a buck, sometimes, making a buck requires a clear understanding what simple tax obligations are required to keep the tax man at bay. Estimated Tax Payments: As referenced from IRS.gov Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards. You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough. Estimated tax is used to pay income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. If you do not pay enough through withholding or estimated tax payments, you may be charged a penalty. If you do not pay enough by the due date of each payment period you may be charged a penalty even if you are due a refund when you file your tax return. Timely Filed Business and Individual Tax Returns: If the business entity is a Sole proprietorship or Partnership the tax return filing deadline is 4/15 following each calendar tax period. C Corporations and S Corporations filing deadlines are 3/15 following each calendar tax period. Failure to pay or failure to file will trigger penalties and interest as a consequence of not conforming. IRS may file a substitute filed return on your behalf should the business owner not comply in a timely manner. Looking for tax relief and actually realize the relief you sought? Call 1 - 8 6 6 - 2 2 6 - 6 1 0 2 to avoid the levy / garnishment dance the IRS uses to gain attention to a neglected tax matter. Call Monday - Friday, or weekends if more convenient, 9AM till 8PM EST. Additional information can be found at http://dwktaxgroup.com. Do not be disappointed by your tax representation, DWK has always treated your tax problem as it were our own.
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