Unfiled Back Tax Returns
Delayed Filing of Your Tax Return Results in a Worse Financial Result for You!
Penalties and Interest are accrued from the DUE DATE of the return, not the date you file. As a result, delayed filing of your return, when a balance due is expected, will always result in a worse financial result for you! At current IRS penalty rates, late filing and payment of your return can increase your tax liability by as 25% of the tax shown on the return!
Even worse, the IRS can to file a return 'for you', utilizing third-party payer information (i.e. income reported to them by employers, financial institutions, and other governmental agencies, etc.). IRS-prepared returns use the Single (or Married Filing Separately) as the default filing status for every taxpayer, which ultimately excludes all other deductions and credits in which the taxpayer may be entitled. IRS-prepared return typically result in higher tax assessments that favor the IRS.
Back Taxes Reduction Specialists for Businesses & Individuals
Let Harris Tax and Financial Solutions restore your peace of mind and prepare your unfiled prior year returns, and get you back into compliance. Not only can we quickly and efficiently prepare your unfiled back taxes, we also help determine any penalties and interests owed, and can advocate on your behalf for abatement (as applicable).
We have helped many clients get back into compliance, and are ready to do the same for you.
It's truly amazing how fast tax penalties and interest add up. Now you have a choice, you can write a big fat check and pay the full amount, including interest and penalties. Or you can just keep ignoring them while the penalties and interest keep piling up.