Do you have previous tax returns that you have not filed? Perhaps this was due to procrastination or in a misguided attempt to avoid paying taxes? To limit the penalties the IRS can assess, including criminal charges, it is of the upmost importance that you act quickly to remedy this situation.
If you’re having tax problems
Category: Tax Returns
Every year you are required to file a tax return with the IRS. Failing to do so can have numerous consequences, from penalties to criminal charges. Learn more about what you can expect if you have unfiled taxes, what options you have, and how a tax attorney can help. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Key Insights We Will Discuss What… Read more »
You might be unaware that you have unfiled tax returns until you get a notification from the IRS. These notifications can take on many forms, so it’s important to hire a tax attorney to help guide you through the paperwork and the next steps to navigate the exemptions, credits, and deductions you are entitled to.
According to IRS statistics, 146 million U.S. taxpayers file their income tax returns each year. Meanwhile, about 7 million taxpayers fail to file their required income tax returns. If you are part of the 5% who have not filed, this article is for you.
It is the right of the IRS to seek payment for debt you owe to the government, but it can be difficult going up against the IRS alone. Therefore, it’s in your best interest to take advantage of knowledgeable, experienced, and professional tax attorneys. Not only will you receive expert guidance, but it could… Read more »
If you’re already having financial problems, IRS collection actions can make your situation even more difficult. Fortunately, the IRS will consider your financial issues if you ask for a collection alternative.
It is not uncommon for a taxpayer to fall behind on their due tax payment and tax returns filed. April 15th marks the annual time limit for taxpayers to have their taxes paid and federal income tax returns filed. The IRS is lawfully enabled to assess penalties for taxpayers who fail to pay their taxes… Read more »
You have three major option for filing Foreign Bank Account Reports (FBARs) for previous tax years. The best option for you will depend on the specific facts of your case, such as: Whether you failed to report foreign income during the tax years in question. Whether your failure to file was willful or non-willful…. Read more »
The deadline for filing taxes on all income earned in 2018 this year was on April 15th. Missing the deadline can be agonizing for anyone, most especially if you owe the IRS. So what exactly should you do in such a stressful situation? This article offers a step by step guidance in the happening of… Read more »
It may seem overwhelming if you have many years of unfiled tax returns to file. The good news is that the IRS generally only requires taxpayers to file six years of delinquent returns. The six-year rule can be adjusted in certain cases, particularly if there has been criminal intent to violate tax laws. However,… Read more »