Unfiled Tax Returns
Even if you feel you cannot pay your taxes, it is important to file all delinquent tax returns. The IRS will eventually notice and pursue you with penalties and interest. The IRS will not negotiate with you until you have filed your past and current tax returns and are in the process of paying your current tax bill. If you intentionally don’t file your tax returns, it is a federal crime. The IRS does not need to negotiate with you and actions such as wage levying will continue.
We can file your past tax returns. We have the knowledge and experience to help you. By letting us do a thorough tax return, you may find that you end up owing less money than you originally thought. In few cases, the IRS may even end up owing you money. If you are able to claim a refund, you must do so within three years or the money becomes the property of the U. S. Treasury.
Be assured that if you do not file, the IRS will catch up to you, even if it takes years. Their database keeps improving. They will find you. If you do not file, the IRS will file a substitute return. They will estimate amounts and give you no deductions. They will add penalties and interest. Your tax bill will be higher than if you had us prepare your tax return. If you do receive a substitute return, come and see us. We still may be able to help.
Many clients are concerned about going to jail because they have not filed tax returns. The IRS would prefer to help people get back on track, but they will investigate cases that they feel involve criminal violations. If you voluntarily file and make an honest effort to file a return with income from legal sources, you are more likely to be able to negotiate with the IRS, and they will be less likely to prosecute you.
Our final word is file all your tax returns. Besides it being a federal crime, it can also effect buying or refinancing a house, getting student loans, getting credit, receiving Social Security benefits and receiving Medicare. The IRS can seize your assets, such as bank accounts, Social Security benefits and retirement accounts. Don’t let this problem grow until it’s impossible to fix.
If you have unfiled tax returns or are having trouble with the IRS call for a consultation today. Todd Courser 810-245-0813