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Get Tax Help to Save Yourself Thousands on
Filing Late Tax Returns |
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Some clients are only behind a year or two in filing late IRS tax returns, others need to catch up on their tax filings back to the early 90's or more.
Regardless of how far behind you are in filing IRS back taxes, experienced tax experts will promptly prepare accurate returns, while aiming to minimize the risk of criminal prosecution and enforced tax collection by the taxing agencies.
Many of clients with un filed back tax returns
have lost their tax records, making the preparation
of old tax returns more complicated. Tax
experts can order a client's tax records
from the IRS and reconstruct the clients financial
information.
By working closely with tax experts you are able to prepare reasonably accurate tax returns that will get accepted by the IRS.
Many taxpayers do not file late tax returns because they do not have the money to pay the balance due on the tax return. Even if you can't pay, filing the tax return is almost always in the best interest of the taxpayer.
The IRS can impose a penalty of up to 25% of the tax due on a late tax return. In some states, like California, failure to file an income tax return may also lead to a large penalty, even if you do not owe any tax.
Filing the return will also get the clock started on the 10 year statute of limitations for the IRS to collect any tax due.
Do yourself a favor and contact The Tax Experts now to discuss your late tax return options.
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