Reality is, sometimes life just gets in the way and you may forget to file your taxes, or you experienced a divorce, illness, job loss, or death in your family that sidetracked you from filing your tax return on time, maybe your spouse messes the taxes up.
Are you those who decided not to filed because you don’t have the money to pay right now and thought you better wait to file? (this is NOT a good idea). Even being overwhelmed with the whole process of filing your taxes (especially is now you have to file more than one form).
There are so many reason but whatever your situation is, we are here for you when you are ready to get caught up, and the sooner, the better. We can help you relieve that huge psychological burden so you feel lighter and free from all that stress.
The IRS is very aggressive about coming after non-filers and non-payers. So even if you don’t owe that much, you’ll want to file right away to stop the penalties and interest from adding up.
IRS debt can add up fast. There’s a failure to file penalty, interest on the taxes that are late, and the taxes themselves. The failure to file penalty can be as much as 25 percent, so that’s a debt you don’t want to have pile up on you.
The most important thing about filing back taxes is to get them filed as soon as possible whether you can pay them or not. Filing back tax returns will stop the failure to file penalty and is the first step on the road back to compliance for you.
It’s never a good idea to have the IRS estimate and complete your return for you. You are better off hiring a tax professional to get you caught up and to represent your case before the IRS to work out a way to pay your back taxes that won’t leave you bankrupt or suffering financially.
Respond professionally to IRS correspondence
Help you collect records and receipts and get your bookkeeping caught up so you can file accurate returns
Prepare and file any delinquent income tax returns
Explain the next steps you need to take to continue getting back into compliance with the IRS.
Contact us at no obligation to you so we can understand your specific tax situation and provide advice on the options available to you. Your tax issue is handled with the utmost confidentiality and privacy.
My Tax Problems Solved helps taxpayers by finding the best solution to their tax problems so that they can have control over their financial life with a great client experience.