| Avoiding filing tax returns promptly can lead to financial | | | | taxes, the IRS will do it for them. This prepared file will |
| and criminal consequences. The IRS has many tools | | | | not give you all of the deductions owed to you. Filing |
| available to them to go after those who do not file | | | | your own claim can mean taking advantage of all |
| their taxes. While many fail to file because of their | | | | available write-offs. |
| financial situation, doing so can lead to increased | | | | If you have made the decision to hand over all of your |
| penalties and even jail time. | | | | old taxes, you should make sure and seek professional |
| Not filing can result in punishment up to one year in | | | | help so that you don't miss any deductions and provide |
| prison or $10,000 in fines for each unfiled return year. | | | | all of the necessary paperwork. Make sure that you |
| Liens, levies and even wage garnishment may be | | | | are prepared to turn in all forms, including W-2s. Copies |
| utilized by the IRS to recoup back taxes owed to | | | | can be obtained from the individual's Social Security |
| them. The longer a taxpayer goes without filing, the | | | | office. A professional can help calculate your original |
| more likely those severe consequences will result. For | | | | liability and prepare tax returns on your behalf. Make |
| anyone needing to clear their financial debts, it is | | | | sure that you hire an expert tax relief professional or |
| important to be in good standing with the IRS. | | | | tax attorney. |
| Penalties and fees can be avoided by simply filing by | | | | Once you have gained compliance, you can work with |
| the deadline every year and pay as much as possible. | | | | an expert to negotiate a settlement that is more |
| Even if you cannot pay in full, the only way to even | | | | affordable to you. Doing so helps reduce what you |
| begin to negotiate with the IRS is to be in full | | | | owe to the IRS and prevents harsh collection tactics |
| compliance, that is, by providing updated information to | | | | from ruining your financial future. |
| the IRS. If an individual or business fails to prepare their | | | | |