Do You Have Unfiled Tax Returns? Here's What To Do.

Industry Observer with TriState Tax Resolution LLC




Filing your taxes is never fun, but if you don't file them at all, then the IRS will come calling. They have unbridled power to file a return on your behalf in their, not yours, best interest.


They have powerful collection tools and an unforgiving nature that makes this one of the worst mistakes anyone could make. Getting on their wrong side isn't easy; having years' worth of unfiled returns only adds fuel to the fire!


The IRS always looks for taxpayers who haven't filed legally required income or payroll tax returns. If you have unfiled tax returns, it's only a matter of time before they find out and demand the return and their money with penalties and interest! When it gets to a point where the IRS contacts you, the amount they claim you owe will be far more significant than the amount you owe if you haven't filed. You don't want this situation, and unfortunately, in these circumstances, the amount they claim you owe is what you will have to pay unless you prove otherwise.


Before we jump into it, if you have back tax debt or years of unfiled tax returns, contact our firm for a consultation and get a free copy of "7 Secrets The IRS Does Not Want You to Know" You won't have to talk to or meet with the IRS; our firm can provide the peace of mind you need to resolve your tax issue.


The longer you wait, the worse the situation will become. Here are some essential steps you can take if you have unfiled returns with the IRS.



Get Your Documentation

If you've been neglecting your taxes for too long, it's time to take care of things. An experienced tax resolution firm can help get things back on track. Often, alternative methods exist to reconstruct your tax return, even if the records are missing or destroyed. However, only a tax resolution professional will be able to accomplish this.


If you are missing W2 and 1099 forms from past years, an experienced tax resolution pro can also retrieve these.


Go Through the Numbers

The fear of not having the money to pay has caused many people to avoid filing their returns, but those worries are often misplaced.

According to IRS statistics, approximately one-third (34%) of all unfiled federal tax forms may be due a refund! Now that you have all the necessary documentation, it is time to run the numbers. And while you may not be able to get exact figures without filing the returns, you can get an idea of how much you might owe.


Hire a Professional

Whether an individual, partnership, or corporation, you want to let your past mistakes go. But doing so would put both financial security and freedom at risk - which makes filing those old taxes.


Returns seem like tempting fate instead of bravely taking on the challenge ahead! It is a misdemeanor and possible jail time for failing to file legally required income tax returns. Don't let this happen to you.


The IRS will assess a 25% failure to file a penalty and up to a 25% failure to pay the penalty, plus interest. Even if you can't pay, just filing your return will save you significant time!


When dealing with back taxes, it's essential to have someone on your side who knows what they are doing. A tax resolution professional can give invaluable advice and guidance about how to lower the amount that the IRS claims you owe and the best steps moving forward for your situation.


You're not alone in the battle against the IRS. The IRS is ready and waiting for you, so it's best to have an expert on your side who knows how to get the help you need and deserve.


A tax resolution professional can advise what needs to be completed, from gathering documents like W-2s or 1099s to ensuring everything looks perfect when filing those unfiled returns.


Contacting the IRS on your own is not only a scary thought; it's highly not recommended, but avoiding them will make your situation worse. When you don't file your taxes and lose track of taxes owed to the government, it can devastate you personally and financially. The IRS stores detailed records of everyone in its database.


And chances are, you are already on their radar due to your lack of compliance.


Filing those returns ASAP will go miles in helping you get back on track before any more damage becomes irreversible. Filing your taxes might seem daunting, but there is help for you. The proper professional can make things right with the IRS and relieve stress from this challenging situation.


The stress of not filing taxes can be enough to make you lose sleep. Worse, IRS problems usually affect all aspects of one's life. Do yourself and your sanity a favor by filing your returns now; it isn't nearly as scary or daunting as receiving the final collection letter from the IRS or getting your bank accounts levied.


If you are looking for tax relief, we can help! To help ease the stress of your situation, we offer a free consultation with one of our tax resolution experts. You don't have to worry about confidentiality or cost because the consultation is free. Please schedule an appointment with me today by following this link:

Comments (1)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:




Enjoyed your blog page, and I added you as a friend. I would love the follow back. Thanks Bill


Sep 06, 2022 12:43 PM