Back Tax Returns: Get Expert Help & Avoid IRS Problems!

Reasons to File Your Back Tax Returns

back tax returns helpMore taxpayers than you may know simply do not file their tax returns. There are many reasons for this, including fear of owing taxes or fear of being audited. However, it is always best to file your taxes even if you do not feel you will owe. It is the purpose of this page to explain what may happen if you do not file your back tax returns, and to help you figure out what to do if you wind up owing.

What Happens if You Don't File Your Back Tax Returns

Even if you do not file your back tax returns, you may still wind up owing tax debt. If the IRS sees that you earned income that year, they will likely file a Substitute for Return for you. Filing back tax returns will give you a much lower debt than what you will wind up owing if the IRS files for you. A Substitute for Return is filed using these three provisions:

  1. Your filing status will either be single or married filing separately with no dependents.
  2. None of the deductions or tax credits you are eligible for will be taken into account.
  3. You will be filed at the highest possible tax bracket allowed by law.

Once you owe a tax debt, you will be subject to levies, liens, seizures, and other aggressive action. In addition to the tax problems associated with owing the IRS, those who do not file their back tax returns could possibly be taken to tax court and be sentenced to prison.

What Happens When You File Back Tax Returns

If you have already had Substitutes for Return filed against you, filing back tax returns for those years will definitely lower your tax debt. If you do not have a tax debt and your calculations show you are due a refund, you may actually receive that refund. However, the longer you go without filing your back tax returns, the less likely that is. If you file back tax returns for other years and have a balance, you can expect Interest as well as Failure to File and Failure to Pay penalties to increase your tax debt. Once you file your back tax returns, the IRS will expect payment for any tax debt due.

What to Do About Tax Debt from Back Tax Returns

If you have the ability to pay your tax debt in full, that is what you should do. You could save yourself thousands of dollars in penalties and interest. However, many people who file several years' worth of back tax returns find that they cannot afford to pay their entire tax debt. If that is the case, you need to look at your situation and make a decision about what tax program can work for you. This list includes just a few of the tax programs out there for taxpayers:

The best way to handle tax debt from back tax returns is to consult a tax professional. The IRS can be quite aggressive with tax debts over $10,000, especially if they are more than a year or two old. The IRS attempts to pressure taxpayers handling their own tax problems into very unaffordable payment plans. A tax professional will see to it that this doesn't happen to you, and that your back tax returns are filed correctly.

Need help with your back tax returns? Consult a professional. Call now or fill out the form below for a free tax debt consultation on the best way to handle your back tax returns! We'll only connect you with a tax debt relief company holding at least a B rating with the Better Business Bureau.

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