Delinquent
Taxes
We
Give You Tax Relief From Your Back Taxes and Unfiled
Returns
What are delinquent
tax returns (unfiled taxes) or delinquent
taxes (back taxes)?
A delinquent
return is a tax return that has
not been filed (unfiled taxes) and the return due date
or the extension due date has expired. Similarly, delinquent
taxes are back taxes that have not been paid and the
due date for payment has passed.
Unfiled Returns Or Failure To Pay
Delinquent Taxes Will Not Land You In Jail.
Many people call and ask our help because they are afraid
the I.R.S. is going to put them in jail for not filing their
back tax returns or for not paying their delinquent taxes.
You should be relieved, because this
is an unjustified fear. Failure to file a delinquent tax
return by itself is not a criminal offense and the Service
will not put anyone in jail. Similarly, failure to pay
is not a crime for which one is sent to jail.
Delinquent Tax Returns Preclude Permanent Tax Relief.
It is very important to realize neither the I.R.S
nor any state tax agency will grant any permanent tax relief
for unpaid taxes or a levy unless all delinquent tax returns
are filed. This is true whether the unpaid
taxes are on income, payroll or sale tax.
Levy Action Against Persons With Unpaid
Taxes.
A levy is an enforced collection action undertaken by tax
authorities because the person involved is not communicating
with the tax people. That is to say, the individual has not
presented to the tax people a plan for meeting his or her unpaid tax
obligations.
Cooperation with the tax agencies is necessary to avoid enforced collection
action in the form of a levy.
Cooperation is measured in part by the filing of all required delinquent tax returns.
Forfeiture of refunds for individuals with unpaid tax returns.
Many people who have delinquent returns also have tax refunds due to them. Their refunds will be lost if they do not file within 3 years of the due date of the return.
What periods and how much income is involved for paying back taxes?
It is always necessary to know for how many years' unfiled returns must be
filed, and whether tax returns must be filed if the taxpayer has no income
or low income.
The answer is that all unfiled returns need to be filed and back taxes
must be paid if the individual
has income in excess of the minimum.
Even though the amount of the net income may fall below the minimum for paying
income taxes, self- employed individuals may still need to file to report the
self employment tax. The minimum or threshold for income tax changes each year
and consists of the standard deduction and one personal exemption for a single
person. The threshold for reporting self employment income is $400 currently
Let us resolve your back taxes and unfiled
tax return issues.
For many people the thought of filing those old, past due, unfiled returns
is daunting because they have lost their records.
Lost records are not generally a major problem for filing unfiled
returns. There are several ways to
reconstruct records. We contact the IRS on behalf of our clients and we conduct
a file review. We determine for what years taxes are owed and for what years
returns are unfiled.
We obtain extracts of income information from the I.R.S. files and we use
that information as a point of departure to prepare those unfiled returns and
to determine the amount of back taxes.
We may use old bank statements and canceled checks or credit card statements
to reconstruct records.
File your unfiled returns to get any refunds that may be due you!
Remember, you may have a refund due to you. If the IRS is threatening collection
action against you, your first step is to file all unfiled returns. Often when
returns are filed there is no tax owed or the taxpayer has a refund coming!
Contact us for a free consultation on
back taxes, unfiled returns and to get instant tax relief.

We
suggest you do not represent yourself.
The I.R.S. is your adversary in these matters. |