Falling behind on tax returns is more common than many people realize. Life events, business stress, missing records, fear of owing money, or prior bad experiences with the IRS can all lead to unfiled returns. Unfortunately, waiting usually makes the problem worse.
If you do not file, the IRS may prepare a substitute return using information reported by employers, banks, or clients. These returns often do not include deductions, credits, business expenses, or other details that could lower the balance. Filing accurate returns may reduce what you owe and is often required before the IRS will consider payment plans or settlement options.
You should take action if you received IRS letters, the IRS filed a substitute return, you cannot get a payment plan because returns are missing, your refunds are being held, or you are worried about enforcement action.
Start by gathering whatever records you have. Do not let missing documents stop you from calling. The Tax Solvers can help determine what information is available and what is needed to prepare the returns correctly.
If you have unfiled tax returns, contact The Tax Solvers today. We can help you get compliant and reduce the pressure.
Help filing missing returns, reducing IRS pressure, and getting back into compliance.
Tell us what the IRS is asking for and we will help you identify the right next step.
Contact The Tax Solvers today and get a clear plan for your situation.