Un-filed Tax Returns Can Cost You Thousands in Penalties!
When you owe the IRS or State back taxes, more than likely it came from not filing your tax returns on time, or filing them incorrectly. The end result is usually a tax debt, and in time, through penalties and interest, it can spiral out of control into something much larger and much more difficult to manage. On average, most tax debt doubles or triples in size before it is resolved!
When you fail to file your tax returns, the IRS goes ahead and files them for you, submitting what’s called an SFR – Substitute for Return. This is generally the worst form of taxation, as it allows for no deductions and the IRS maximizes your tax obligation. On top of that, they will begin to add penalties and interest for failure to file, and if you if you haven’t filed for three or more successive years, then the IRS will heavily pursue collections against you; wage garnishments, bank levies, and asset seizure are on their way.
Get Accurate Tax Return Filing And Stop Collections Fast!
As a nationwide leader in filing overdue and un-filed tax returns, our tax attorneys and specialists understand the intricacies and nuances of these complicated issues, and can get you filed quickly and out of harms way. Some of the returns we specialize in are:
- Individual income tax returns
- Corporation income tax returns
- Partnership income tax returns
- State income tax returns
- FBAR tax returns
- Gift tax returns
Most of the time, your tax obligation and liability can be dramatically reduced with accurate tax preparation, and the threat of IRS collections will be muted.
For more information, call us at (888) 857-4999 for a free consultation, or fill out the form to your right.