Are you one of the countless Americans who, for one reason or another, has failed to keep current on your income tax filings for yourself or your business? Don't wait until the IRS or state taxing authority catches up to you. The penalties and interest can be significant. I have helped many taxpayers get current on their tax filings, and I'd like to help you, as well.
You may believe that you have waited too long, but not taking action now can result in high penalties and interest getting even higher. I will work closely with you to prepare and file all your late tax returns. In the words of the IRS: "HELP YOURSELF BY FILING PAST-DUE TAX RETURNS"
<--Fill out our form, and we will contact you to help you get current on your past-due filings.
Here are some things to consider:
Failure to file penalty - It may result in penalty and interest charges that could increase your tax bill by 25 percent or more.
Losing your refund - If you wait too long to file, you may risk losing the refund altogether.
EITC - Individuals who are entitled to the Earned Income Tax Credit must file their return to claim the credit even if they are not otherwise required to file.
Statutes of limitation - the statute of limitations for the IRS to assess and collect any outstanding balances does not start until a return has been filed. In other words, "THERE IS NO STATUTE OF LIMITATIONS FOR ASSESSING AND COLLECTING THE TAX IF NO RETURN HAS BEEN FILED."
Don't worry if you don't have the money right now to pay the back taxes that you owe. The IRS allows you to set up payment plans where you can potentially make payments over 72 months.