Unfiled Tax Returns
Dealing with the IRS can be a real nightmare, especially when you have unfiled tax returns. Let Tax Defense Network make your dream of tax debt freedom a reality.
Less Than 2 Minutes Could Save You Thousands.
What Happens If You Have Unfiled Tax Returns?
We get it. Filing tax returns isn’t at the top of anyone’s bucket list. Even celebrities try to get away with not paying their taxes. The problem is that the Internal Revenue Service (IRS) will eventually catch on. When they do, there can be some costly consequences, such as:
There are many reasons why people do not file their tax returns. In most cases, it’s because they are unable to pay their taxes. The IRS, however, is much more lenient with those who owe taxes versus those who fail to file. If you have unfiled tax returns, contact Tax Defense Network today. We can help you file past returns and find affordable solutions for dealing with your tax debt.
How to Fix Your Unfiled Tax Returns
If you have unfiled tax returns from previous years. or believe that you will not be able to meet the tax filing deadline this year, the good news is that you still have options.
Filing Extension Request
If you won’t be able to file this year’s taxes on time, you may request a filing extension. Although this gives you more time to submit your return, any taxes due will still need to be paid by the original tax deadline. Applying for an IRS payment plan can help, if you are unable to pay in full.
SFR Reconsideration
When the IRS files a substitute for return (SFR) due to an unfiled tax return, you can file a late return to replace it. This is called SFR reconsideration.
Penalty Relief
You may be eligible to have your filing and payment penalties waived through a first-time penalty abatement request. Another option is relief due to reasonable cause. This typically is available if you’ve experienced unforeseen circumstances that prevented you from filing on time. If approved, the penalties and fees will be waived.
Payment Plans
You may be able to request a payment extension or obtain an installment agreement that allows you to pay your back taxes over time.
Offer in Compromise
If you are unable to make any payments on your tax debt, the IRS may settle for a smaller amount through an Offer in Compromise.
If any of this seems confusing, don’t stress. You don’t have to face the IRS alone. The tax professionals at Tax Defense Network can help you with submitting and/or correcting your unfiled tax returns. Contact us today for a free consultation.