TaxMasters Can Help Resolve Unfiled Tax Returns

If you have one or more unfiled tax returns, the most important thing you can do right now to minimize penalties, interest, and fees associated with your back taxes is to file all current and delinquent returns. Sometimes tax relief is as simple as filing back returns and reestablishing compliance with the IRS.

• Failing to file tax returns jeopardizes your future. There are serious consequences if you fail to file and pay back taxes, up to and including seizing your assets.
• Failing to file tax returns paralyzes you financially. If you don’t file past-due taxes and the IRS files a notice of federal tax lien, you cannot receive student loans, purchase a house, refinance a house, or access credit from most lenders and credit card companies until the delinquent taxes are paid.
• The IRS can seize your cash from the bank. The IRS can seize bank accounts, Social Security benefits, and your retirement accounts.
• Some federal and state benefits are directly tied to your tax returns. Social Security and Medicare are computed based on a taxpayer’s lifetime earnings, which is determined by what you have reported on tax returns. If you don’t file federal tax returns, you can cheat yourself out of some federal and state benefits.
• Filing and paying tax is our duty. Filing tax returns and paying tax is a vital part of being a good citizen and is our obligation to the government of the United States of America.

Unfiled Tax Returns and Federal Law

In an effort to improve efficiency and to collect more money, the IRS has improved its database of income transactions and increased its ability to identify non-filers. If you have yet to file back taxes, you rise to the top of the list of people the IRS wants to talk to. If you can file before the IRS gets to you, you stand a good chance of resolving your tax problems relatively painlessly.

If the IRS sends you a notice before you have filed your back tax returns, the likelihood of IRS punishment escalates and the cost of additional tax penalties grows exponentially.

If you have unfiled tax returns and back taxes, the IRS will get to you sooner or later. Call TaxMasters today at (800) 581-0456 and let us help you file your past-due tax returns before the IRS comes looking for you.

TaxMasters does not provide legal services and cannot offer an opinion as to whether the failure to file a tax return or pay taxes in your case or any other case constitutes a prosecutable crime. TaxMasters does not represent taxpayers in criminal tax cases. Our aim is to help taxpayers before tax problems can escalate to the point of being classified as criminal.

Substitute for Return Program

The law allows the IRS to file a substitute return for people who have not filed. The way this practice works is that the IRS guesses at your income based on information they are able to gather and then demands tax payment based on how much money they think you make. The worst part of this deal is that the IRS assumes you have no deductions or expenses, so they demand that you pay more than you would owe if you filed the return yourself. This can all be avoided by filing all unfiled tax returns so that you are current.

Even if the IRS has already filed a substitute return, TaxMasters can help you complete and file an amended return so you can claim the additional deductions and refunds that may be due to you.

Statutes of Limitation on Refunds

The IRS won’t issue you a refund for overpayment until you file all current and previously unfiled tax returns. The law allows most taxpayers up to three years to file past-due returns and to claim any refund due. If you don’t file within the three years, the money that was rightfully yours becomes the property of the U.S. Treasury. There is nothing to gain by waiting to address an overdue return. It’s in your best interest financially to call us today at (800) 581-0456 and talk to one of our sales consultants about the best way to go about filing your unfiled tax returns and getting real IRS tax help. We can also go through the steps you need to follow to claim any funds due to you before the IRS claims more of your money.

Minimize Your Risk and Claim What’s Rightfully Yours Today

If you have one or more unfiled federal tax returns, you need to contact us or pick up the phone and call TaxMasters at (800) 581-0456. Our sales consultants will work with you to determine the best plan for filing your past-due tax returns, and we’ll do it before the IRS can bring the problem to you.

The Inability to Pay is No Excuse for an Unfiled Tax Return

Many people worry so much about not being able to pay the IRS that they don’t file. This is a mistake the IRS will make you pay for dearly. Don’t let worry about owing the IRS money keep you from filing your tax returns. If you are not able to pay your tax liability, there are IRS payment plans and other ways to settle taxes.

Unfiled tax returns don’t go unnoticed at the IRS. It’s only a matter of time before they send you the failure to file notice. The sooner you let us file your past-due returns, the less you will owe in back taxes, fees, penalties, and interest. To file back taxes, call us today at (800) 581-0456 and let us help you.

Will I Go to Jail if I Fail to File a Tax Return?

One of the questions most asked of us about failing to file tax returns is, “Will I go to jail if I don’t file?” The following excerpt is a direct quote from the IRS addressed to non-filers, found on the IRS website at: http://www.irs.gov/businesses/small/article/0,,id=122721,00.html

Will I Go to Jail?

A long-standing practice of the IRS has been not to recommend criminal prosecution of individuals for failure to file tax returns, provided they voluntarily file, or make arrangements to file, before being notified they are under criminal investigation. The taxpayer must make an honest effort to file a correct return and have income from legal sources. A letter from the IRS concerning taxes is not a notice that a taxpayer is under criminal investigation.

The IRS helps to get people back into the system as part of its long-term plan to improve voluntary tax compliance. The IRS wants to get people back into the system, not prosecute ordinary people who made a mistake. However, flagrant cases involving criminal violations of tax laws will continue to be investigated.

As a reminder,  TaxMasters does not provide legal services and cannot offer an opinion as to whether the failure to file a tax return or pay taxes in your case or any other case constitutes a prosecutable crime. TaxMasters does not represent taxpayers in criminal tax cases. Our aim is to help taxpayers before tax problems can escalate to the point of being classified as criminal.