Delinquent Returns
Did you know that not filing and/or paying your taxes is an offense punishable with jail time? The guidelines are one year for each year not filed. Don’t put your freedom on the line for failing to file your return. One of the first steps in resolving your tax debt is complying with your tax responsibilities. If you voluntarily file your returns, you’ll avoid further problems, other than having to pay the interest and penalties.
However, if you wait long enough, the IRS or State will file your returns for you. They will file your return for you, without giving you the benefit of any tax exemption, deduction or credit that could lower your tax liability. In most instances of unfiled returns, you will likely owe taxes, interest, and penalties after the returns are filed.
When filing a delinquent tax return, you are fulfilling your obligation of filing a complete and accurate tax return, taking advantage of all the items of deductions, credits, exemptions you are entitled to resulting in the lowest tax assessment allowed by law. Once we know how much is owed, we will design a plan to resolve that issue too.
We will assist you in filing delinquent returns and have your tax records with the IRS amended. If there is a balance due after correcting the IRS records, we will represent your case before the IRS and negotiate a resolution that is the least intrusive manner possible.