FILING IRS BACK TAX RETURNS
It's
never too late to file old tax returns. Indeed, filing is absolutely
necessary to any attempt at making a tax debt settlement with the IRS. That
is, the IRS will not accept any request for tax resolution unless
they have all the taxpayer's previous returns on file. If, for instance, a
taxpayer wants to submit an Offer
in Compromise or Penalty
Abatement Request but missed a past filing or two, he or she must
first send those missing returns in to the IRS before the
settlement will even be considered.
The procedure for filing past due IRS tax
returns is actually rather straightforward. The taxpayer
simply needs to obtain the proper forms (e.g. - Form 1040, Form
1120, etc.) for each year that is missing, and fill them out using
the relevant information for those years. In fact, the
greatest obstacle to filing old tax returns is just getting beyond
that strategy of avoidance and "taking care of
business."
It should be noted that filing past tax returns
DOES NOT mean that the taxpayer must send payment for the
associated liability. After all, the point of making a settlement
is so you don't have to pay the full amount. Instead,
catching up with old filings is a matter of proper Compliance, and
showing the IRS that the taxpayer in arrears is serious about
getting the matter resolved. It also provides for a more accurate
assessment of the liability. For the taxpayer
who is uncomfortable with filing their own tax returns, or isn't
quite sure where they stand with the IRS, #1
Tax Relief offers a very efficient and affordable Back Tax
Return Filing service. We will complete your old returns
quickly and accurately, including researching your IRS records
(such as past W-2s or 1099s), and minimize your liability by
taking advantage of all relevant deductions that you would have
been entitled to during those previous years. Our Back Tax Return
Filing is also an excellent compliment to the other
resolution services we provide.
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