15 Minute Phone Tax Consultation
If you have one or additional years of unfiled tax returns, an experienced IRS tax attorney at Sheppard Law Offices can help you arrange a settlement with the Internal Revenue Service. Without negotiating a settlement, you will be responsible for all penalties associated with your non-filed income tax returns. Since interest accumulates on the entire amount of your debt—which includes penalties for filing late and paying late—you can end up owing the IRS a lot more than what you would have if you'd filed your returns on time.
Before your tax relief attorney can provide you with effective back tax help, you must achieve compliance with the IRS by filing all of your delinquent tax returns. The IRS will not negotiate a settlement or even an installment agreement if your filing status is not up-to-date. Whether you need individual or business delinquent tax return preparation, an experienced IRS debt attorney can help you achieve IRS compliance.
When you fail to file a tax return, the Internal Revenue Service will file what is called a Substitute for Return on your behalf. A Substitute for Return strongly favors the IRS in that it does not include any deductions or credits for which you, the taxpayer, may qualify. Thus, you will be taxed at the maximum rate allowed by law, which in turn will increase the amount of tax debt, penalties, and interest you owe to the Federal Government for delinquent taxes.
In addition to a significantly larger tax debt, here are some of the other consequences you may suffer if you don't file your income tax return on time:
An IRS Tax Audit
Aggressive Collection Actions by IRS Officers
Criminal Charges for Tax Evasion
Disqualification for Tax Settlements and Installment Agreements
If you have not filed an income tax return this year, or in the past several years, it is imperative that you file all past due tax returns immediately. Experienced IRS tax attorney Kenneth Sheppard can prepare your individual and/or business income tax returns for you to bring you into compliance. Once all of your delinquent tax returns have been properly filed with the IRS, he will approach the IRS on your behalf to negotiate a fair settlement of your tax debt.
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