If you have unfiled tax returns t
his year or for several years, we are here to help you out. Here are some tax tips.
Filing your returns is important for many reasons.
Limited time to get refund
First, if you are entitled to refunds, you only have a limited amount of time before they will expire and be gone forever. You only have three years to file and claim your refunds. If you’ve made any payments on a year, you only have two years to claim a refund from it before it is lost.
Getting worse if the IRS files for you
The time the IRS has to try to collect the taxes owed against you doesn’t even start until the return is filed. It will only give the IRS more time to come after you if you don’t file your missing returns.Another good reason to file is because if you don’t, the IRS will file for you. If you are going toowe and are dreading filing, it will only be worse if the IRS files for you! They will file a return that has all your income and none of your expenses. They have transcripts that have all your income, but they won’t know any of your expenses unless you file and claim them. The IRS also won’t know any of your deductions, credits, exemptions or filing status. The return you do will be the most accurate and correct and the IRS will be the one that makes you owe much more.
Contact us at 877-829-2455 so we can help you get compliant and move on with your life.