File Back Unfiled Tax Returns + Settle IRS Tax Debt + IRS Payment Plans +Tax Liens + Tax Levies + Former IRS + Hallandale, 33309 + Dania, 33304

January 28, 2016
Written by: Jim Magary

 

Fresh Start Tax

 

“Affordable” IRS Tax Professionals can easily resolve your problem, over 65 years of former IRS work experience. We know all the systems, file tax returns and Settle Back IRS Taxes!

 

If you need to file tax returns for past years there is a very simple process to get you into the back system worry free.

Not only can we go ahead and file your back tax returns we can also settle your tax that at the same time. Settlement sometimes mean getting put it current hardship, making payments or settling your debts through the offer in compromise program.

As former IRS agents and managers we have worked both sides of taxpayers problems and issues and there is a very systematic way to resolve your past due tax issues.

With or without tax records we can get you back in the system worry free. 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.

 

Millions have not filed but it will catch up with you. at some point in time IRS will match up your W-2s and 1099 and find out there is no tax return on the system and they will investigate through what’s called the taxpayer delinquent investigation.

If you do not prepare your past due returns the Internal Revenue Service under 6020 B of the IRS code, IRS can prepare the tax returns for you.

You do not want this to happen to you. You will pay the highest amount allowed by law.

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.

The Big Question : How many back years do I file? Answer below

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 nonfiling.

Tax Preparation for Never Filed Tax Returns

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.

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, there are available programs to help settle tax debt?

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. IRS will want copies of bank statements, pay stubs and all current expenses that you have. The Internal Revenue Service has standards of acceptable allowances. When you call our office we will review with you the national standards.

As a general rule, IRS places taxpayers who cannot pay their back tax debt into one of three categories to close back tax cases:

IRS will consider you either to be a:

1 . Current hardship,

2. a monthly candidate for payments, or

3. a tax debt settlement candidate for the offer in compromise program.

Keep in mind that the determination that IRS will make your open case if you owe back taxes is completely dependent on your current financial statement, therefore the filling out, the documentation will determine your outcome on your case.

That’s why it is critical you have a trustworthy tax firm help resolve these issues for you so you need not worry.

IRS has a policy statement regarding filing past due tax returns

1.2.14.1.18 (08-04-2006)
 IRS 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.

You can speak to true IRS tax experts regarding the nonfiling of federal tax returns and the settling of your tax debt to the various programs offered by IRS.

We have over 206 years of professional tax experience in over 65 years working directly for the Internal Revenue Service in the local, district, and regional tax offices of the IRS.

 

 

File Back Unfiled Tax Returns + Settle IRS Tax Debt + Payments +Tax Liens + Tax Levies + Former IRS + Hallandale, 33309 + Dania, 33304

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