Unfiled Tax Returns - Steps to File

There is always a way out and a better one than thatoption.
of hiding from the IRS that only adds to up to one's4. Get rid of your debts- If you owe the IRS money,
troubles. Here are a few steps you need to followpay it right away. In case, it is not possible for you to
when you need to file a past return:pay in lump sum, you could opt for an installment plan
1. Find out the last time you filed your tax returns- Thisfinanced by the IRS or any other source of funding like
will help you determine what documents toa credit card or bank loan.
accumulate. Ensure you find everything from your W-25. Prepare for the future- Ask your tax consultant to
to other tax documents. In case, you are unable to findhelp you with reviewing your tax position and plan
your past W-2, you need to go to the Social Securitystrategies to reduce your taxes, so that you are able
Administration.to meet other financial goals effectively. It is always
2. Consult a tax professional- A professional taxadvisable to act quickly in case of an unfiled tax, as
consultant would be the best person to help you dealthere are fines and other legal hassles attached to it.
with unfiled taxes, as it involves many complexities.The quicker you pay them off the better are your
3. Read the preparation process thoroughly- Until youchances of avoiding the penalty associated.
file your returns you wouldn't know if you owe the IRSLothamer, founded by Jesse I. Lothamer J.D., C.P.A,
money or will be receiving refund. It is quite obvioushas been offering tax related assistance for over 30
that your refund may not last long if you haveyears to thousands of clients facing tax problems. The
accumulated penalties and interest over the pastagency specializes in Tax Representation and Tax
years or owe additional taxes. This is where your taxProblem Resolution and has offices across the State
consultant plays a vital role in suggesting you the bestof Michigan.