Unfiled Tax Returns

File your Tax Returns with Prime Tax Solutions!

Get back on track with your taxes. File your unfiled tax returns today with the help of Former IRS Agents and Expert CPAs. With 150+ years of experience, our team is now ready to partner with you!

Understanding Unfiled Tax Returns: Know what it is!

Unfiled tax returns refer to any tax returns that you should have filed but have not been for a particular tax year. Every year, taxpayers need to file their tax returns by a specified deadline, usually April 15. If you fail to file your tax return by this deadline, or by a seemingly extended deadline, your tax return is considered unfiled.

Address unfiled tax returns as soon as possible. The IRS may impose penalties and interest on any unpaid taxes. The longer you wait to file, the more these penalties can accumulate. Additionally, not filing your tax returns may lead to other complications, such as issues with loan approvals or renewing professional licenses.

Remember, even if you can’t pay the taxes you owe, it’s always better to file your tax returns on time to avoid additional penalties. Stuck with unfiled tax returns? Get help from a tax professional who can help you navigate the process to get back on track with the IRS.

Prime Tax Solutions: Your Lifeline for Unfiled Tax Returns

“If you think you had a valid reason for not submitting your tax returns, or just need help reducing your tax debt, you need a professional tax debt attorney. At Prime Tax Solutions, we bring years of combined experience in handling all kinds of tax situations. We’re here to break down the available options for settling your debt. When it comes to tackling your unfiled tax returns, we’ve got your back. We’ve helped 15,000+ clients with their tax returns and we’re ready to guide you in the right direction. We’re all about custom-tailored legal advice, ensuring our guidance is perfectly matched to your situation”

Why is it important to file your Tax Returns?

1. Avoid IRS Penalties

Filing your tax return on time helps you avoid late filing penalties and interest charges on any unpaid taxes. If you have unfiled tax returns, seeking help to file them as soon as possible can minimize these additional costs.

2. Claim Refunds

If you are entitled to a refund, you must file your tax return to claim it. The IRS will not issue a refund for an unfiled tax return.

3. Maintain Compliance

Filing your tax returns annually is a legal requirement. By doing so, you maintain compliance with the IRS and avoid potential legal actions.

4. Access to Financial Products

Lenders, banks, and other financial institutions often require copies of your tax returns to process applications for loans, mortgages, or other financial products.

5. Protect Social Security Benefits

Your tax returns contribute to your Social Security record. Not filing your tax returns may result in incomplete earnings records and could affect your future Social Security benefits.

6. Avoid Issues with the IRS

Consistently filing your tax returns helps maintain good standing with the IRS, avoiding complications like audits, collections, or legal actions.

If you need unfiled tax returns help, it is essential to act promptly. Get instant help from former IRS agents in our team to guide you through the process and ensure that your tax problem is resolved efficiently.

What are the Consequences of Not Filing Your IRS Tax Returns? Get help & File Now!

Not filing your tax returns is a serious matter and can lead to a host of complications. If you find yourself in this situation and need help with unfiled tax returns, here are some key consequences you should be aware of:

1. IRS Penalties and Interest

The IRS imposes penalties for both failing to file a tax return and failing to pay taxes owed. These penalties can add up quickly, and the IRS will also charge interest on any unpaid taxes and penalties.

2. Loss of Refund

If you are entitled to a refund, you must file your tax return to claim it. If you don't file within three years of the due date, you forfeit your refund to the U.S. Treasury.

3. IRS Tax Liens and Levies

The IRS may file a federal tax lien against your property or levy your wages, bank accounts, or other assets if you don't file your tax returns and owe taxes.

4. Difficulty Obtaining Loans

Lenders often request copies of tax returns as proof of income. Not having filed your tax returns can make it difficult to obtain a mortgage, car loan, or other types of financing.

5. Legal Action

In extreme cases, not filing your tax returns can be considered tax evasion, which is a criminal offense. While this is rare for most taxpayers, it is a possibility if you have a significant amount of unfiled tax returns and owe a large amount of tax.

6. Delayed Retirement Benefits

Social Security benefits are based on your earnings over your lifetime. If you don't file your tax returns, your earnings may not be accurately recorded, which could reduce your Social Security benefits in the future.

Remember, it’s never too late to file your tax returns. If you need help with unfiled tax returns, consider seeking unfiled tax return help from a tax professional who can guide you through the process and help you get back on track with the IRS.

How Can Prime Tax Solutions Help You with Unfiled Tax Returns?

Expert Review of Your Situation

First things first, our unfiled tax returns attorney will assess your current tax status. We'll look at why you haven't filed and what can be done to rectify the situation quickly.

Plan of Action for Unfiled Tax Problems

Next, we develop a personalized plan to help you catch up on your tax filings. We set clear goals and timelines to make the process as smooth as possible.

Negotiation with the IRS on your behalf

If you owe back taxes along with your unfiled tax returns, no worries. Our skilled attorneys know the ins and outs of negotiating with the IRS to possibly reduce penalties and interest.

Clear Communication and Full Transparency

Nobody likes being in the dark, especially about something as critical as taxes. Our unfiled tax returns attorney keeps you informed at every step, ensuring you know what's happening.

Legal Compliance

We make sure that all your filings adhere to the most up-to-date IRS guidelines. Following the rules isn't just smart; it's the law.

Save You Money

By using our expertise to navigate the complexities of the tax world, we aim to save you money in the form of reduced penalties and smart tax strategies.

Peaceful Resolution of IRS tax problems

Our ultimate goal is to bring you into full compliance with the IRS in the least stressful way. You can sleep easier knowing your tax troubles are being professionally managed.

Free Initial Consultation

Not sure where to start? We offer a no-obligation initial consultation to assess your needs and outline how we can assist you.

Ease of Process

We handle all the paperwork and tough conversations with the IRS. All you need to do is provide us with the necessary documents and we'll handle the rest.

Confidentiality Guaranteed

Your personal and financial details are safe with us. Confidentiality isn't just a courtesy; it's a requirement.

With Prime Tax Solutions, you don't have to face the IRS alone. Our unfiled tax returns attorney is ready to step in and help you get back on the right track.

How to file your Unfiled Tax Returns? File with Prime Tax Solutions!

To file your unfiled tax returns, you will need to follow several important steps, and having an unfiled tax returns attorney can greatly streamline the process. Here’s how you can get started:

1. Gather Your Documents

Collect all relevant financial records for the years you have unfiled tax returns. This includes W-2s, 1099s, expense receipts, and any other relevant documentation.

2. Contact our In-House Tax Attorney

Reach out to our unfiled tax returns attorney who can help guide you through the process and advise on any potential penalties or additional steps that may be needed.

3. Prepare Your Returns

Your attorney will help you prepare your unfiled tax returns. They will ensure all deductions and credits are accurately claimed, and help minimize any penalties or interest.

4. Submit Your Returns

Once your returns are prepared, your attorney will help you submit them to the IRS. It’s important to address any outstanding debt as soon as possible. Your attorney can advise on the best payment options for your situation.

5. Address Any Remaining Issues

After your returns are filed, there may still be additional steps to take, such as addressing any penalties or interest that have accrued. Your attorney will guide you through these steps and help you resolve any remaining issues with the IRS.

Calculating IRS payroll taxes is about understanding the rates, applying them to wages, and keeping stellar records. With these steps in mind, you’ll be well on your way to managing this essential aspect of your business finances with ease and confidence.

What are my options if I cannot afford to file my unfiled tax returns?

Learn from Former IRS Agents at Prime Tax Solutions!

Money can be tight sometimes, and the idea of filing unfiled tax returns might seem impossible. But guess what? You’ve options! Here are some ways to get help, even if your pockets are feeling a little light:

Free File Program

The IRS offers a Free File program that provides free tax preparation and filing options for those with an adjusted gross income below a certain threshold. Check out the IRS website to see if you qualify.

IRS Installment Agreement

This is a payment plan with the IRS that allows you to pay off your tax debt over time. Prime Tax Solutions can help you set this up, making it a less stressful process.

IRS Offer in Compromise (OIC)

This is an agreement between you and the IRS to settle your tax debt for less than the full amount you owe. It’s not easy to get accepted for this, but it’s worth a try, and we at Prime Tax Solutions can help you with the puzzling application process.

Temporary Delay

If you’re facing financial hardships, the IRS may temporarily delay collection efforts. This doesn’t make your debt disappear, but it can buy you some time.

IRS Penalty Abatement

If you have a good reason for not filing or paying your taxes on time, the IRS may waive penalties. Again, this is something that Prime Tax Solutions can assist with.

Get Expert Advice

This is where Prime Tax Solutions comes into play. We specialize in helping people with their unfiled tax returns, and we can guide you through the process, making it as painless as possible.

Currently Not Collectible (CNC) Status

Whenever you have a question or a hiccup, our team is a call away, ready to assist and guide you. If you are receiving constant calls, emails, and letters from the IRS regarding your tax debt, but you simply don’t have the money to pay them, consider Currently Not Collectible (CNC) status. This is a temporary status that the IRS may grant if they determine that you’re not able to pay your tax debt at the moment. This means they will temporarily stop trying to collect from you, but it doesn’t mean your tax debt disappears.

If you’re searching for “unfiled tax returns help near me,” Prime Tax Solutions is your go-to. We’re here to help you navigate your options and find the best solution for your situation.

How can I avoid getting in trouble with the IRS for unfiled tax returns?

There are a number of things you can do to avoid getting in trouble with the IRS for unfiled tax returns. These include:

Paying your taxes in full.

Filing your tax returns on time.

Keeping good records of your tax payments.

Communicate with the IRS if you have any problems filing your taxes.

FAQs
on Unfiled Tax Returns

What are the consequences of not filing a tax return?

Failing to file a tax return can result in several consequences. Firstly, you may be subject to a failure-to-file penalty, which is typically 5% of the unpaid taxes for each month or part of a month that a tax return is late. Additionally, if you are owed a refund, you may lose it if you don’t file your return within three years of the due date. Lastly, not filing tax returns can lead to legal actions and difficulties in obtaining loans or credit.

Can I file my tax returns after the due date?

Yes, you can file your tax returns after the due date, but it is advisable to file as soon as possible to minimize penalties and interest. The IRS imposes a failure-to-file penalty and a failure-to-pay penalty, and interest will accrue on any unpaid taxes from the due date of the return until the date of payment.

What if I owe taxes but cannot afford to pay them?

If you owe taxes but cannot afford to pay them in full, the IRS offers several options. You can request a short-term extension to pay, apply for an installment agreement, or, in more severe cases, consider an offer in compromise. It is important to file your tax return even if you cannot pay the full amount owed, as the failure-to-file penalty is generally higher than the failure-to-pay penalty.

Can I get a refund if I file my tax returns late?

Yes, you can still receive a refund if you file your tax returns late, but you must file within three years of the original due date of the return. If you do not file within this time frame, the government is not obligated to issue your refund.

How many years can I go without filing a tax return?

It is always advisable to file your tax returns every year. However, the IRS typically has up to six years to audit a tax return and assess additional tax, penalties, and interest. If you have not filed a return and the IRS has not assessed additional tax, there is no time limit for the IRS to assess tax. However, if you are owed a refund, you only have three years from the due date of the return to claim it.

Can the IRS take legal action against me for not filing a tax return?

Yes, the IRS can take legal action against you for not filing a tax return. Failure to file a tax return is a misdemeanor and can result in fines and imprisonment. Additionally, the IRS can file a substitute return on your behalf, which may not include all the deductions and credits you are entitled to, resulting in a higher tax bill.

What should I do if I have not filed my tax returns for several years?

If you have not filed your tax returns for several years, it is advisable to file them as soon as possible to minimize penalties and interest. You may also want to consult our in-house tax professional for assistance, especially if you owe taxes and need help setting up a payment plan or negotiating with the IRS.

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