Non-filers -- The IRS is looking for you

By
Services for Real Estate Pros with Backoffice Squared

I represent taxpayers in Gainesville and the state of Florida who have tax issues with the IRS and Florida Department of Revenue.  The IRS has stated that there are more than 7 million taxpayers who have failed to file tax returns and that they plan to setup their programs to identify and collect from these individuals.

This is really bad news for people who fit into the category of willful failure to file a tax return. If this is you, you should be aware that you could be criminally prosecuted under Internal Revenue Code 7203. The IRS can make your life miserable, especially with a criminal investigation. 

What can you do to get out of this kind of mess? Get some help from me or some other tax representation specialist to get righteous with the IRS. Step One is to get the tax returns filed for any missing years (up to the last 6 years). Step 2 is to figure out your best strategy. Should you put in an Offer-in-Compromise ("OIC"), make an Installment Agreement, or get the account placed in Noncollectable Status. Whichever approach works best for you, the important thing is to get the negotiations with the IRS started, preferably before they find you on their own.

Additionally, the IRS does have a Voluntary Disclosure Program that can be used to avoid a criminal referral. If your reason for not filing was anything beyond simply not having the money to pay the taxes, you should consider taking advantage of this option.

If you or someone you know has unfiled tax returns or some other federal or state tax issue, please feel free to contact me at either (352) 317-5692 or email jim@backoffice2.net.

 

Jim Payne, CPA

Backoffice2

Gainesville, FL

Cell (352) 317-5692

Office (352) 376-9401

Fax (352) 376-9440

jim@backoffice2.net

https://backoffice2.net

 

 

 

 

 

 

 

 

 

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Rainmaker
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Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties Falmouth MA

This is an interesting series of blogs. You might do another installment that helps point out the way to decide what to look for in a company to help settle the debt. I would guess that every state has different rules and laws and procedures, but there must be some consistent things to look for.

Aug 28, 2019 04:19 AM #1
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Rainmaker
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Jim Payne, CPA

CPA firm practicing in the area of IRS Collections
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