Affordable Tax Professionals can easily resolve your problem, over 65 years of former IRS work experience. Since 1982.
We know the system. we have over 65 years of direct work experience in the local, district and regional tax offices of the IRS. We know the system inside and out and can walk you through the process today.
What you need to know, preparing tax return with no records.
If you have never file tax returns there is a painless way to get back in the system.
As former IRS agents and managers we can explain to you how to get back in the system without worry.
When you call us on your initial consultation we will walk you through the requirements.
Believe it or not, millions of people have not file tax returns but at some point in your life you’re going to have to file, the big question is what is at process like? I’m going to prison? How much trouble am I in ?, or how can I do this without worry?.
There is a way to get back in the system without pain, HOW, simply file your tax returns.
Yep, that simple.
The next big question how many back years do I file?
The answer varies on the facts of the case. As a general rule, as former IRS agents and managers we recommend you file anywhere between three and six years.
Some of the determining factors in making decisions are:
1. how much income have you made in the last six years,
2. what is your asset base,
3. what do your bank accounts look like,
4. have you always operated in cash,
5. what are your average monthly expenses for the time of non-filing
Tax Preparation for Never Filed Tax Returns, Preparing your tax returns with no records.
If you are a W-2 or 1099 or wage earner it will be very easy to compute your income.
We can simply ask IRS for copies of income transcripts for the last six years.
IRS will provide to us all income reports on W-2’s and 1099 s. Tax reconstruction is easy and simple. We can find out what expenses you have and prepare your tax return based on reconstructive methods.
If you are a cash person we can back into your income by finding what you’re annualized monthly expenses are multiplying by 12 and come up with an average base for computing gross income.The cost of living analysis is the best way to compute back tax returns for those who have never filed tax returns.
We have prepared hundreds upon hundreds of tax returns of taxpayers who have never filed. We can walk you to the process and get you back in the system seamlessly.
Below you will find the IRS policy statement regarding people who will never file tax returns.
What happens if I owe back taxes
If you will owe back taxes we will work out a tax settlement for you. IRS will require a current financial statement on form 433F expect that financial statement to be fully documented.
As a general rule, IRS places taxpayers who cannot pay their back tax debt into one of three categories. IRS will consider you either to be a current hardship, a monthly candidate for payments or a tax debt settlement candidate for the offer in compromise program.
IRS has a policy statement regarding delinquent tax returns.
1.2.14.1.18 (08-04-2006) Policy Statement 5-133
1. Delinquent or prior years tax returns—enforcement of filing requirements
2. Taxpayers failing to file tax returns will be requested to prepare and file all such returns except in instances where there is an indication that the taxpayer’s failure to file the required return or returns was willful or if there is any other indication of fraud.
All delinquent returns submitted by a taxpayer, whether upon his/her own initiative or at the request of a Service representative, will be accepted.
However, if indications of wilfulness or fraud exist, the special procedures for handling such returns must be followed.
3. Where it is determined that required returns have not been filed, the extent to which compliance for prior years will be enforced will be determined by reference to factors ensuring compliance and evenhanded administration of staffing and other Service resources.
4. Factors to be taken into account include, but are not limited to:
a. prior history of noncompliance,
b. existence of income from illegal sources, effect upon voluntary compliance, anticipated revenue, and collectibility, in relation to the time and effort required to determine tax due.
Consideration will also be given any special circumstances existing in the case of a particular taxpayer, class of taxpayer, or industry, or which may be peculiar to the class of tax involved.
5. Normally, application of the above criteria will result in enforcement of delinquency procedures for not more than six (6) years. There are special cases in which the IRS will ask for more than six years.
Those cases generally involve those with a great deal of access with a high potential of collection and probability. There are very few cases that meet this criteria.
Call us today for a free initial tax consultation.
Never Filed Tax Returns + File Now Without Worry + Former IRS Can Help
