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Filing Back Tax Returns
We Can Save You Thousands on Filing Late Tax Returns
Some clients are only behind a year or two in filing late IRS tax returns, others need to catch up on their tax filings back to the late 90's or farther. Regardless of how far behind you are in filing IRS or State back taxes, our team of experienced tax preparers can promptly prepare accurate returns, while aiming to minimize the risk of audit, enforced tax collection or criminal prosecution by the taxing agencies.
Many of our clients with unfiled back tax returns have lost their tax records, making the preparation of old tax returns more complicated. Our tax experts will order a client's tax records from the IRS and reconstruct the clients financial information. In cases involving lost records, our tax experts are able to prepare acceptably accurate tax returns and get them accepted by the IRS.
Many taxpayers do not file late tax returns because they do not have the money to pay the balance due on the tax return. Even if you can't pay, filing the tax return is almost always in a person's best interest. The IRS can impose a penalty of up to 25% of the tax due on a late tax return. In some states, like California, failure to file an income tax return may also lead to a large penalty, even if you do not owe any tax. Filing the return will also get the clock started on the 10 year statute of limitations for the IRS to collect any tax due.
If you would like to discuss any of your late tax return options, please give one of our Tax Specialists at 888-282-4697.