We can file all your back tax return and work out a tax settlement all at the same time. We know the system being Former IRS.
Being a former IRS agent I have found after dealing with thousands of taxpayers that once a taxpayer does not file one year, multiple tax years are not filed thereafter.
It is very commonplace because fear, panic and worry set in.
At some point in time everyone will have to file their back tax returns because they will eventually get a letter from the Internal Revenue Service requesting their tax returns be filed.
If that this is the case for you call us today and we can walk you through the process and let you know how you can not only file your back tax returns but workout effective tax settlement as well.
In some cases you will have to file three back tax years in another cases, six tax year will be required.Everything depends on your individual situation and your asset base.
What is so sad about some taxpayers is that many lose tax refunds.
Make sure this does not happen to you.
There is a three-year statute of limitations to get your refunds back.
General IRS Policy Statement 5-133
Delinquent returns—enforcement of filing requirements
Taxpayers failing to file tax returns due 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 willfulness or fraud exist, the special procedures for handling such returns must be followed.
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.
Factors to be taken into account include, but are not limited to: prior history of noncompliance, 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.
Normally, application of the above criteria will result in enforcement of delinquency procedures for not more than six (6) years.
Enforcement beyond such period will not be undertaken without prior managerial approval. Also, if delinquency procedures are not to be enforced for the full six year period of delinquency, prior managerial approval must be secured.
Filing Back Tax Returns, Owe Back Taxes, Offer in Compromise ,Knoxville, Memphis, Nashville,
