Every year, every Citizen, Resident Alien and Non-Resident Alien (that has U.S. Source Income) is required to file an individual Income Tax Return.  Theoretically, this return is supposed to include every dollar of the taxpayer’s income, from whatever source derived and be filed by April 15th of the following year under penalties of perjury.

What happens if I don’t file ?

Usually nothing right away.  However, after a period of time and that period of time is shrinking all the time, the IRS will contact you and ask politely for your unfilled tax returns.  If they don’t receive them within a reasonable period of time, they will do one for you, which will not be pleasant.

Unfortunately, the failure to file individual taxes typically has a snowballing effect.  It starts out as a small problem, escalating over the years into a huge problem.   The real tragedy is that the statute of limitations for IRS’s collection of taxes does not even start to run until you file a tax return.  IRS substitute returns do not trigger the statute of limitations.  Additionally, until you are in full compliance with the IRS (meaning all your tax returns are filed), it is not even possible to work out any kind of agreement with the IRS on past balances.

What should I do ?

You have two (2) choices:  You can either keep your head in the sand and pretend you don’t have a problem or worse know you have a problem and just decide to ignore it.  Alternatively, you can hire a competent professional to manage the situation.  This means working with you and the IRS to learn what data the IRS has.  Next, to help you reconstruct your income and expenses, even if you think this task is impossible - we can still help. After the data is gathered, we do the rest.  We prepare the returns and negotiate their acceptance by the IRS.  Finally, while this process is continuing we handle the entire process so that IRS collection activity is completely avoided—no levies and probably no criminal prosecution.

What is the next step ?

The journey of a million miles always begins with one-step.  If you need to get your back taxes done, then maybe it’s time to call us to set up your FREE Consultation.  Just pick up the phone and dial (561) 210 -5821 and I will be happy to set up a meeting with you for an absolutely free consultation. 

Back Home

Contact Us