Frequently Asked Questions - IRS Back Taxes
I HAVEN'T FILED RETURNS FOR YEARS!
You are not alone! -- See More On Tax Returns
FILING BACK TAXES. HELP WITH IRS BACK TAXES?
If you didn't file tax returns in past years, you may consider having a tax professional preparing your returns. A tax negotiator is familiar with most of the deductions you may be eligible for and he will try to reduce the amount you may owe. Surprisingly, you may be entitled to get larger refunds. See IRS Back Taxes.
I NEED HELP FILING PREVIOUS YEARS RETURNS.
There is an art to this. -- See Delinquent Returns
NEED COPIES OF PRIOR YEAR TAX RETURNS.
We can help you find them. -- See Delinquent Returns
NEED A PRIOR FILED RETURN ACCOUNTANT.
We are here to help you! -- See Delinquent Returns
UNFILED BACK TAXES! HOW TO FILE BACK TAXES? WHAT TO KNOW BEFORE FILING BACK TAXES?
When preparing your tax returns for past years you will need the information on your W-2 and 1099 forms. Look for receipts and other documentation for all your expenses from previous years. These deductions, exemptions and tax credits may reduce your tax liability. See Delinquent Returns.
NEED COPIES OF PRIOR YEARS TAX RETURNS.
We can get those copies for you! -- See Delinquent Returns
FILE MY DELINQUENT TAX RETURNS.
We can start filing them now! -- See Delinquent Returns
THE IRS FILED A RETURN FOR ME!
You can file your own returns to replace it at anytime. -- See More On Tax Returns
NEED HELP PREPARING PRIOR YEAR RETURNS.
We can help you prepare them! -- See Delinquent Returns
UNFILED BACK TAXES PENALTIES! WHAT ARE THE PENALTIES AND THE INTEREST?
If you have unfiled back taxes, it is critically important to file them as soon as possible. It is in your advantage to prepare your tax returns and claim the tax deduction you may be entitled to get. If you file your past due returns before the IRS does it for you, you may also be charged with fewer penalties. If the IRS discovers you haven't filed your returns and they file for you, they tend to charge you a greater amount of tax. See Back Taxes.
PRIOR YEARS TAX RETURNS.
You are not alone. -- See Delinquent Returns
I NEED "INCOME TAX REPRESENTATION" - Tax Accountant
FILE MY PAST DUE TAX RETURNS.
We can start filing them now! -- See Delinquent Returns
I HAVEN'T FILE TAX RETURNS. WHAT IS THE IRS GOING TO DO IF I DON'T FILE?
The IRS will prepare your tax returns. You may be aware that they will use only the information they have in their system, and thus, you can not benefit from additional deductions you may wish to claim. The IRS will assess your tax liability and start a collection process. As a result of the IRS filing your return, they can file a federal tax lien against your property. Even worse, they can put a levy on your account. See Delinquent Returns.
FILE MY PAST DUE TAX RETURNS.
We can start filing them now! -- See Delinquent Returns
I AM LATE FILING TAX RETURNS.
Many people are! -- See Delinquent Returns
CAN'T AFFORD PAY BACK TAXES! WHAT ARE MY OPTIONS? WHAT SHOULD I DO IF I CAN'T PAY MY TAXES?
If you are looking for back taxes debt relief and you can not afford to pay the amount you owe in full, you can set up an installment payment plan or consider other payment options. Another option is to have a tax negotiator on your side to reduce your tax liability. They can set up a reasonable installment payment agreement with affordable monthly payments. See Back Taxes.
HOW FAR BACK DOES THE IRS LOOK FOR UNFILED RETURNS?
They check back to 7yrs.
HOW FAR BACK SHOULD I FILE MY TAXES?
Usually 10 years, but depending on your circumstances it could be less. -- See Delinquent Returns
I CAN'T AFFORD TO PAY BACK TAXES I OWE. THE INSTALLMENT PAYMENTS ARE TOO HIGH! SHOULD I FILE OFFER IN COMPROMISE?
You may be able to settle your tax debt for less, filing an Offer In Compromise. Your tax liability may be reduced, if the IRS accepts your offer in compromise. See more on Offer In Compromise
HOW TO FILE AN OFFER IN COMPROMISE? WHO CAN NEGOTIATE AN OFFER IN COMPROMISE?
The offer in compromise form is available online. You can download it from the IRS's website. What you should know is that, in order to have your offer in compromise accepted by the IRS, you must have reasonable explanations for requesting to pay less tax than you owe. You must show that you can not afford to pay your tax liability.
Consult a tax negotiator before filing an offer in compromise. Having experience in dealing with many offers in compromise particular cases, he can help you settle your back taxes debt for less than you owe. See Offer In Compromise.
WHAT DOES UNCOLLECTABLE STATUS MEAN?
Means that right now the IRS will agree not take collection. -- See More On Tax Returns
I CAN'T AFFORD TO PAY MY BACK TAXES! CAN I QUALIFY FOR CURRENTLY NOT COLLECTIBLE STATUS?
If you can not afford to make reasonable payments to the IRS and you prove financial hardship, you may qualify for Currently Not Collectible status. If the IRS approves your request, they will stop any collection action they have against you. Collection action can take form of wage garnishment or tax lien against your property. However, the penalties and interest will continue to accrue. If the statute of limitations on collection action expires, your back taxes debt will be voided. The 10-years statute of limitations applies from the date of assessment. See Owing The IRS.
OVERDUE TAX RETURN HELP.
We can help you. -- See Delinquent Returns
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