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  • Hardship Template 2003

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    Kandi Roberts DiFiore
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    This hardship letter template is for a client who owes back taxes due to withdrawing money from their 401k and profit sharing accounts instead of rolling them over when changing jobs, which increased their taxable income and tax bracket. As a result of owing these taxes, they were put on a payment plan but lost their job, making the monthly payments difficult. They confirm that all information disclosed is accurate under penalty of perjury.

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    This hardship letter template is for a client who owes back taxes due to withdrawing money from their 401k and profit sharing accounts instead of rolling them over when changing jobs, which increased their taxable income and tax bracket. As a result of owing these taxes, they were put on a payment plan but lost their job, making the monthly payments difficult. They confirm that all information disclosed is accurate under penalty of perjury.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    12 views1 page

    Hardship Template 2003

    Uploaded by

    Kandi Roberts DiFiore
    This hardship letter template is for a client who owes back taxes due to withdrawing money from their 401k and profit sharing accounts instead of rolling them over when changing jobs, which increased their taxable income and tax bracket. As a result of owing these taxes, they were put on a payment plan but lost their job, making the monthly payments difficult. They confirm that all information disclosed is accurate under penalty of perjury.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 1

    Tax Network Of America

    Hardship Letter Template

    How did you get into this situation financially?


    _We got in this situation because we pullled money out of my profit sharing
    account when my company sold. Also, when the company was bought out I
    pulled my 401K out instead of rolling it over because I was making payments
    to it. From doing this our income went higher and our tax bracket went
    higher. When doing this I thought the pre taxing was going to cover us, but
    apparently that was not the case. Because of my lack of knowledge of the
    tax process Im not sure how we got our self this bad off, to be honest.

    How has this affected you and or your family?


    _In result of owing taxes we have been put on a payment plan. Started 2008
    and added more owed taxes for 2009 which in result increased our payment
    plan. The monthly payments are steep and it makes it difficult to make
    especially when I lost my job in October 2009.

    Do you the client(s) confirm total understanding that everything you have
    disclosed on here today has been accurate and correct under penalty of
    perjury? Yes

    Applicant Signature ________________________________

    Co-Applicant Signature ________________________________

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