IRS Non Filing and Unfiled Tax Returns

Are you behind on filing your tax returns? It's essential to understand that taxes are not optional, and the IRS takes non-filing seriously. Failing to file income tax returns and pay taxes is seen as a significant threat to tax administration and the economy. As part of its efforts to combat non-filing, the IRS focuses on outreach, education, and enforcement of tax laws.

If you have unfiled tax returns, it's crucial to address the situation promptly. Failure to file when you owe taxes is not only illegal but can also lead to penalties and legal consequences. The IRS imposes penalties for late filing, starting at a minimum of $210 or 100 percent of the unpaid taxes, whichever is less. The penalty increases every month, reaching a maximum of 25 percent of the total tax debt.

If you have missed filing tax returns for several years, the IRS may have been filing returns on your behalf, assuming your income and neglecting any eligible deductions. This means you have a tax debt that continues to accrue interest over the years. Additionally, there is no statute of limitations for how far back the IRS can audit you if you haven't filed any income tax returns.

When the IRS discovers substantial tax debt and unfiled tax returns, they are likely to investigate further. In severe cases, criminal prosecution may be recommended. It's a serious matter that requires professional assistance to navigate.

Unfiled state income tax returns can also lead to problems. Each state has its own requirements and penalties for late filing. Failure to file state income taxes can result in aggressive collection tactics, including wage garnishment, property liens, and other penalties imposed by the state.

If you decide to start filing taxes now, seeking professional help is crucial. Simply filing a tax return out of the blue after years of non-filing may not be sufficient. The IRS likely has a transcript of your estimated taxes and automated returns based on the information provided by your employers. Professional assistance can help you navigate the process, file accurate returns, and minimize penalties.

At NY TAX SOLVERS, we specialize in assisting clients with unfiled tax returns and IRS non-filing letters. Our team will help you organize your tax documents, work with the IRS, and minimize penalties. We understand the complexity of the process and provide the expertise and advocacy you need to resolve your tax issues.

We specialize in assisting clients with unfiled tax returns and IRS non-filing letters. Our team will help you organize your tax documents, work with the IRS, and minimize penalties. We understand the complexity of the process and provide the expertise and advocacy you need to resolve your tax issues.