- The IRS preparing and filing a return for you and almost always overstating the tax you owe by a lot!
- Criminal prosecution
Unfiled Tax Returns? Back Taxes? IRS Penalties? Do This!
We all know the annual ritual: once January rolls around, you gather your tax documents to file your tax returns by the deadline.
Sometimes (or maybe all the time!) you need an extension. And maybe you don’t meet the extended deadline, and now your return is late and unfiled.
Then the next tax season rolls around, and you still haven’t filed last year’s return—so you don’t want to do the current one either, out of fear of the IRS or because you need last year’s data.
Now your problem is snowballing—and if you let fear grip you, it can continue for years . . . before the IRS decides to do you in. Don’t let this problem get ahead of you. Let us give you a road map for achieving peace of mind by getting right with the IRS.
If you have late, unfiled tax returns, you have an urgent problem that you should start to fix ASAP. The possible consequences include: