I Can't Pay My 2018 Tax Debt, Should I Avoid Filing the Tax Return?

By
Education & Training with Tax Crisis Rescue LA CPA 27402

Definately Not!  Unfiled Return?  That's the worst thing you can do.  Always file the tax return!

 

If you have unfiled returns, you have committed a criminal act.  There is nothing criminal about simply owing the government money.  Criminal investigations is the only worse division to work with at IRS than forced collections.  If you are dealing with either, you seriously need professional representation.  If you are in New Orleans contact us.  We will get you pointed in the right direction with how to handle unfiled returns. You should handle your unfiled returns ASAP.

 

By filing on time and sending in a payment of just $100 (even if you owe $100,000) you accomplish two very important things in your favor.  First, you don't create an unfiled return situation and take the 25% failure to file penalty off the table. Second, you show the IRS that you have made a good faith attempt to pay something.  After which you need to get a Tax Resolution Professional on your side to negotiate a resolution to the debt under the IRS Fresh Start Initiative program.  You may even qualify to settle the debt for less than the full amount owed, including penalties and interest.  How much less?  Maybe just a small fraction of the amount owed.

 

If you have years of unfiled returns and IRS has not contacted you, now is the perfect time to get caught up.  Due to the current government shutdown, IRS has not been at work for weeks.  Once they return, the backlog of work and the Tax Cuts and Jobs Act changes will keep them quite busy.  They may not be focued on unfiled returns of taxpayers.  Even if your records are missing, there is a solution.  The wage and income data can be recovered.  Filing the past six (6) years of unfiled returns will re-establish your compliance no matter how many years you skipped.  

 

If you are here in New Orleans, Louisiana and need help with unfiled returns contact us.  We'll contact IRS on your behalf, get you compliant by filing all your past unfiled returns required (even if you don't have the wage and income records), then work on an individualized tax debt resolution plan.  We are not a traditional CPA firm.  We do not handle ongoing tax and accounting.  Tax Resolution is all we do! www.taxcrisisrescue.com 

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Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

this is a very specific situation and thank you for your all your information that you’re providing for a lot of us who find this very daunting

Jan 18, 2019 07:30 PM #1
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Rainmaker
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Dirk Danos CPA CTRS

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