| Taxes are complicated enough as it is, but filing a late | | | | 3. Figure out how much you can afford to pay, if |
| tax return makes them seem even more difficult. If | | | | you're going to owe. There's nothing worse than filing a |
| you file late, you'll want to make sure you get | | | | late tax return, only to have the IRS actively go after a |
| everything right, but you won't want to waste too | | | | debt they were passively ignoring before. |
| much time gathering information. If you owe taxes, you | | | | 4. Find a good tax advisor, and file away! Filing a late |
| don't want to spend a single day paying extra interest. | | | | tax return is not something you'll want to do on your |
| And if the IRS owes you, why let them sit on money | | | | own. Instead, it's good to have tax professionals who |
| that's yours? Here's how to get it settled - fast. | | | | can help you out. Pickign the right one can be difficult, |
| | | | but it's hard to go wrong if you work with a company |
| 1. Scope out the situation. Are you filing a late tax | | | | that specializes in filing late tax return information. |
| return for taxes from last year, or from decades ago? | | | | 5. Follow up and make sure it went through. With any |
| This will affect how likely it is that the IRS will hit you | | | | luck, this won't matter - you'll get a nice check, and that |
| with fines, or allow you to settle for even less than you | | | | will be the end of it, or you'll pay your fine and make |
| originally owed! | | | | sure you don't owe the IRS in the future. But it's |
| 2. Get the information you need: you'll want your tax | | | | always good to keep track and ensure that you didn't |
| returns from the year before. If you're filing late tax | | | | accidentally leave one last dollar owed that will keep |
| returns after you filed normally, get the tax returns | | | | you from fully settling. |
| from the normally-filed year, too. | | | | |