| Some people don't file their tax returns because they | | | | - Organize all your documents together and ask for |
| don't have the money to settle their taxes. Interest and | | | | missing copies from the IRS. |
| penalties compound on your tax liability, so it is | | | | - A tax professional can do your tax return. They will |
| increasing quickly. What should you do to fix this IRS | | | | even deal with the IRS in your stead. |
| issue? | | | | - Be aware of tax refunds. Yes, you might still get a |
| It's so much better to file your late tax returns and | | | | tax refund from an unfiled tax return. Be prepared to |
| owe the IRS money than to not file at all. It is a felony | | | | allow the IRS utilize the refund for payment of your |
| if you do not file a tax return and you owe taxes but | | | | tax liability and be aware of the time limits. |
| there is no criminal penalty if you file but can't pay your | | | | - Fully settle your tax bills. A proper plan can help you |
| taxes. You will be sentenced to one year in prison or | | | | settle your tax bills. Work with the IRS and obtain |
| fined up to $25,000 each year for every unfiled year if | | | | advice from a tax professional to arm yourself from |
| you continue to not file your taxes. | | | | an IRS investigation. You will need to qualify for an |
| To know if people have filed a tax return, the IRS uses | | | | Offer in Compromise or an installment agreement. |
| its computerized IRP (Information Returns Program) to | | | | Your IRS problems will disappear with a good plan. |
| scan 1099 income reports and W-2's. This is a highly | | | | - Plan for the future. Review your tax position with a |
| efficient system. Before the IRS finds out that you | | | | tax professional and plan strategies that'll work to |
| haven't filed your tax return, get organized and get it | | | | reduce your taxes and help you reach your financial |
| done! | | | | goals. |
| How to Get It Done | | | | |