One or more Unfiled Tax Returns gets the IRS’ Attention!

Life happens.  You’re too busy or have experienced a divorce, illness, job loss, or death in your family that sidetracked you from filing your tax returns. Or you could just be overwhelmed with the whole process of filing your taxes. Perhaps you don’t have the money to pay your taxes and you have several years of unfiled tax returns to file. We’ve seen this happen with many taxpayers.

You can expect to receive notices from the IRS when you have unfiled tax returns. The notices seem to to just keep coming.
The IRS wants tax returns filed timely.

You may also have a special situation with your spouse if they promised to file and didn’t or they don’t file correctly or they don’t pay. In some cases, you can claim that you were the “innocent spouse” and get your account corrected

Whatever your situation, we can help you get caught up, and the sooner, the better.  We can relieve that burden and free from all that stress. With the IRS awarded $80 million from congress, they’re going to be reloading their staff and updating their computer systems.

Penalties for Failure to File Your Tax Return(s)

The IRS is very aggressive about coming after non-filers and non-payers. So even if you don’t owe that much, you’ll want to get those unfiled tax returns prepared now to stop the penalties and interest from adding up. 

IRS debt can add up fast. There’s a failure to file penalty, interest on the taxes that are late, and the taxes themselves. The failure to file penalty can be as much as 25%, so that’s a debt you don’t want to have pile up on you. And with the recent inflation, interest rates have increased too.

The most important thing about unfiled tax returns is to get them filed as soon as possible whether you can pay them or not.  Filing back tax returns will stop the failure to file penalty and is the first step on the road back to compliance for you

The IRS may have already filed your unfiled tax returns. They call it a “substitute for return” and they use the least favorable methods to calculate your tax. You are better off hiring a tax professional to get you caught up and to represent your case before the IRS to work out a way to pay your back taxes that won’t leave you bankrupt or suffering financially.

We know there are many national chains out there that would like to help you with your tax problems, but all of the clients we have worked with say they prefer to hire a local tax professional in their own neighborhood. 

We can help you:

  • Respond to IRS notices and letters to let the IRS know that you have hired us to help prepare your taxes and get you back in the system.
  • Help you collect records and receipts and get your bookkeeping caught up so you have a basis to file those unfiled tax returns that can withstand an audit.
  • Prepare and file any unfiled income tax returns generally going back six years. However, in certain situations the IRS may require more years be prepared and filed.
  • Keeping you in compliance with the IRS so they don’t throw out all the hard work spent getting in compliance. It’s like flushing money down the drain when your offer in compromise is rescinded and the original balance due is back on the ledger.

Solutions for Your Unfiled Income Tax Return Filings

Contact us at no obligation to you so we can understand your specific tax situation and provide advice on the options available to you.  Your tax issue is handled with the utmost confidentiality and privacy

Schedule Your Free 10 Minute Consultation