Many of our clients haven’t filed their taxes in a few years or even many years. Generally, they fell behind and other more urgent matters emerged. In most cases, they have grown worried because they have heard recent stories about the IRS taking aggressive action against delinquent tax filers or they have received a letter from the IRS urging them to file immediately. In many cases, life changes have prompted them to take care of the matter. They are getting married, applying for a government job, or thinking about how their unfiled status might affect their own future benefits or hamper their beneficiaries.
What are the Consequences of Not Filing my Taxes?
Although not filing returns when you owe taxes is a criminal misdemeanor, the IRS is mostly concerned about collecting the tax debt. Therefore, your delinquent returns will heighten their attention, resulting in a maximized assessment including penalties and interest, and if you don’t respond to their debt notifications, the IRS could initiate more aggressive actions. More importantly, once the IRS has scrutinized your tax history, your inconsistent responses could result in a closer review or audit, which can carry an additional 20% accuracy penalty.
How Can Accelerated Tax Solutions Help with my Unfiled IRS Taxes?
If you have fallen behind, you most likely need legal guidance to ensure you take the proper steps towards compliance without drawing greater attention to your case. Our legal team and tax professionals at Accelerated Tax Solutions will help ease your stress and anxiety by providing a clear path to compliance with the lowest assessed tax liability allowable by law. And if you need it, our team provides options for a favorable agreement that will protect you from aggressive IRS action and make sure you have the funds you need to provide for yourself and your family. If you need a free phone consultation call (844) 692 – 8733, request a call back, or book an appointment.