| The time for filing federal taxes has now lapsed and if | | | | expire after the three year deadline so it is important |
| you have not filed for the year with the IRS, back | | | | that you file as soon as possible. The refund money, if |
| taxes may still be filed to your benefit. | | | | you have filed before the expiration date, may even |
| IRS back taxes should generally be paid as quickly as | | | | be applied to other IRS back taxes should you owe. |
| you are able. The federal government's approach to | | | | Not all IRS back taxes require repayment of taxes. |
| taxes is to allow the tax payer to voluntarily file their | | | | Sometimes taxes are just late because life caught up |
| returns. This does not mean that the payment of | | | | with you or you anticipated owing and when the |
| taxes is not mandatory. The tax payer may, when | | | | calculations are finally made you do not. Either way it is |
| voluntarily filing on time or to the IRS back taxes, apply | | | | important that you complete and file with the IRS. Back |
| any number of applicable deductions and claim Earned | | | | taxes are not processed in every location and when |
| Income Credit. When taxes are not filed voluntarily the | | | | gathering your delinquent return be sure to verify the |
| IRS may file a substitute return for you, with out any of | | | | address where it must be sent lest you incur further |
| the filer's qualified exemptions or deductions. This | | | | interest or penalties in the mailing delay. If you have |
| substitute return can be a double hit to your wallet. | | | | received an official notice about your IRS back taxes, |
| Since your exemptions are not necessarily taken into | | | | you should send the return to the address on the |
| account when generating the estimate, an amount that | | | | notice. Prior forms and instructions may be found on |
| is probably higher than a return for IRS back taxes | | | | the IRS website as far back as 1990, as well as |
| calculated by your own hand would be filed. Collection | | | | information where to mail your return if you want extra |
| of payment could involve liens on your property and or | | | | verification. |
| levys on your wages and bank accounts. | | | | Filing taxes is a daunting task but if your uncertainty in |
| The payments made toward your IRS back taxes | | | | the filing process is part of your delay the IRS provides |
| may be made by all forms of credit card, bank loans, | | | | help for those of low and moderate income in the |
| and installment payments. The IRS recommends taking | | | | Volunteer Income Tax Assistance program. The tax |
| a better look into your options for bank loan and credit | | | | payer over the age of 60 may find assistance in the |
| card payment because the installment plan will | | | | Tax Counseling for the Elderly program. Both |
| generally cost you more. You have three years to file | | | | programs are free of charge for those who qualify |
| with the IRS back taxes from the date that they were | | | | and will help you with IRS training to file taxes and |
| originally due to receive any refunds. Your refund will | | | | avoid the necessity of filing with the IRS back taxes. |