Businesses, adults and even some young people earning money must file tax returns each year. Failure to file can cause huge problems. Repercussions of delinquent tax returns can pop up years later, even when you've forgotten about them. Failure to file one year can cause the IRS to keep a refund you are owed for the next year as well! Other consequences are much more serious.Click Here For Delinquent Tax Returns!
Delinquent tax returns should be filed immediately, even if you cannot afford to pay the taxes owed. While filing delinquent returns without paying will cause interest and penalties to begin accruing, failure to file on-time dramatically increases these penalties. (A return is delinquent if you have not filed it by the due date and did not receive an approval for a filing extension.) These combined penalties can be as high as 25 percent of the taxes owed!
Take Care of Delinquent Tax Returns Easily
Just because the IRS has not contacted you does not mean they have missed your failure to file. Eventually, the IRS will calculate the tax you owe on their own, using the highest tax rate allowable. Filing delinquent tax returns forces the IRS to use your actual information in calculating your tax debt.
Not being able to pay delinquent taxes can cause you a great deal of stress. Fortunately, you do not have to deal with delinquent tax returns alone. Tax attorneys, Tax Specialists and Enrolled Agents can all file delinquent returns on your behalf. This gives you the advantage of not having to prepare the return yourself, and ensures that it will be completed and filed correctly. Our Tax Tiger team has decades of experience filing delinquent returns and offers free consultations, so call today to find out more.
