Prior Tax Returns Need to Be Filed

Do you have prior tax returns from last year or maybe two or three years ago that have not yet been filed?  It is important that you act priortaxesimmediately and take care of filing your prior tax returns.  The IRS immediately begins to assess penalties, fines, and interest of unfiled returns and unpaid taxes.  It may be the fear of what you owe the IRS that has led you to not file prior tax returns, but avoiding the issue and continuing to not file the returns only creates a deeper hole and the problem will not go away.

Even if you have not received a letter from the IRS about a delinquent return, you should take action and file the return.  Once you receive a demand from the IRS, they will begin the collection process which can range from additional penalties, fines, and interest being added to what is owed, but could also result in tax levies, liens on your paycheck earnings, or even seizure of property.  An IRS agent may show up at your work or home unannounced.  A wage and garnishment notice may be sent to your employer.  There are many actions that the IRS can and will take in order to collect tax debt.

Yes, pending action by the IRS can be a scary thought, especially when taxes are in question.  It is the fear of the unknown that grips many people and they just don’t know how to get out of the situation.  The best course of action is to contact a certified tax professional that can help you file the prior tax returns and negotiate with the IRS on your behalf.  With ever changing tax laws and aggressive IRS collection tactics, having someone that can represent your best interests and help you through the process can alleviate a lot of stress.

The right tax professional will take care of filing all prior tax returns and negotiating any outstanding penalties and interest on your behalf.  They may even help you settle for less than the full amount owed.  The main thing is to start the process of resolving the issue by getting those prior tax returns filed as soon as possible.

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