The IRS continually focuses on identifying taxpayers who have not filed a tax return and were required to do so. The IRS is developing computerized techniques to identify such taxpayers. It also promotes legislation that requires more detailed taxpayer income reporting, which aids them in pursuing non-filers more aggressively. IRS Tax Resolution Dallas
One of the most effective tools the IRS has to motivate non-filers is to file a return for them. Much of your income may have been reported to the IRS in the form of W2s and 1099s. Unfortunately, the IRS will file your substitute tax return under the most unfavorable interpretations of tax laws. Once the substitute return has been filed, the IRS then proceeds to collection efforts on the taxes they determined you owe. IRS Tax Resolution Allen TX, IRS Tax Resolution DFW
In addition, the IRS can hit you with late filing, late payment, and other penalties as well as interest the adds to the tax debt. One rule of thumb is that the tax debt will generally double in 7 years due to penalties and interest. So the longer you wait the worse the problem gets!
Fortunately, we can help you with your unfiled tax returns and related tax debt. We are versed in a variety of approaches to work with the IRS in resolving your unfiled tax returns, from filing original returns, evaluating interactions between multiple tax years to reduce tax debt, and how to properly present your tax returns and circumstances to the IRS to minimize tax debt and related penalties. IRS Tax Resolution Plano
Whether the IRS is pursuing you for unfiled returns, already filed them on your behalf, or you are still haven't quite made their priority list, we can give you peace of mind by getting your prior year tax returns filed, developing a payment strategy, and getting you back in compliance with the law. IRS Tax Resolution Frisco, IRS Tax Resolution McKinney, IRS Tax Resolution Richardson
