Simply put, if you decide to wait or ignore your unfiled tax returns, you’re making a decision that could haunt you for years to come. Ignoring unfiled tax returns, also known as back tax returns, could lead to criminal prosecution, civil penalties, bank account levies, wage garnishment, and more. The IRS does – and will – find non-filers, and will take appropriate action when they do.
If you’re dealing with unfiled tax returns, there’s a way that you can remedy your situation and avoid serious penalty, as well as possibly find tax relief sooner rather than later. In order to do so, you must take action now. Hiring experienced IRS tax attorneys as soon as possible can help taxpayers who fail to file their tax returns. Experienced attorneys can address problems presented by unfiled returns quickly and efficiently.
After contacting an IRS tax attorney, those dealing with unfiled tax returns will first need to provide their attorney with their income and expense information, as well as any other documentation needed to accurately complete the tax returns. If some information is missing, the attorney can contact the IRS to prepare an accurate return. Once completed, the attorney can submit the tax returns on your behalf as well as handle all negotiations related to resolving tax debt.
Just because you’re dealing with unfiled tax returns doesn’t mean you should lose hope of tax relief. Tax attorneys are experts in these matters. What’s more, the IRS is usually lenient with those who proactively deal with unpaid return situations. The IRS Voluntary Disclosure Program allows non-filers to re-enter the tax system without the threat of criminal charge. With the help of a tax lawyer, you can get back on track.
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