Sometimes, life just gets in the way. You feel too busy or have experienced a life-changing event such as a divorce, illness, job loss, or death in your family that sidetracked you from timely filing your tax return. Maybe you’re just overwhelmed with the process of filing your taxes, or perhaps you don’t have the money to pay them and think you should wait to file them (which is NOT a good idea).
Whatever your situation, we are here for you when you’re ready to file your back tax returns, and the sooner, the better. We can help lift the heavy psychological burden that’s been hanging over you so you’ll feel lighter and stress-free.
Failure to File Your Tax Returns
The IRS is becoming increasingly aggressive about identifying and pursuing non-filers and non-payers. So, whatever your tax is, you’ll want to file your back tax returns right away to prevent penalties and interest from accumulating.
IRS debt adds up very quickly due to the failure to file and failure to pay penalties, interest on the penalties and taxes, and of course the taxes themselves. The failure to file penalty can be as much as 25 percent, so that’s a debt you’ll want to avoid.
The key takeaway about your back tax returns is to get them filed as soon as possible whether you can pay them or not.
Don’t Let the IRS Prepare Your Back Tax Returns
It’s never a good idea to have the IRS estimate and complete your return for you. It’s best to retain a tax professional to get you caught up with your back tax returns and to represent you before the IRS to work out a way to resolve your back taxes that won’t leave you financially strapped.
We know there are many national firms advertising on the radio, television and online that would like to help you with your tax problems, but all of the clients we have worked with tell us they prefer to hire a local tax professional in their own neighborhood.
A tax professional can help you:
- Provide an appropriate response to IRS correspondence
- Gather records and documentation and get your bookkeeping caught up so you can file accurate returns
- Prepare and file any back tax returns
- Explain any additional steps you need to take to get back into compliance with the IRS.
Solutions for Unfiled Tax Returns
Call our Boca Raton office today at 561-826-9303 for a free no-obligation consultation so we can understand your specific tax situation and advise you of the options available to you. Your back tax return issue will be handled with the highest level of confidentiality and professionalism.