Filing Back Taxes

Filing Back Taxes

If you've received communication from Federal or State tax authorities about unpaid taxes and are considering the expertise of a tax lawyer, look into professionals with previous experience as IRS litigators for comprehensive insights into effective negotiation strategies with the IRS aimed at reducing fines and interest. Such professionals have a history of assisting diverse clients facing significant tax delinquency issues, recognizing the emotional toll it can take. They're prepared to guide you through resolving legal challenges with the IRS, arranging payment plans such as installment agreements, negotiating Offers in Compromise, or exploring other tax relief options to settle your obligations and alleviate your tax concerns.

Before negotiating any payment arrangements with the IRS, filing any unsubmitted tax returns is essential. A competent attorney will connect you with a reputable accounting firm to assist in gathering necessary documents like W-2s, 1099s, mortgage information, bank statements, etc., to prepare and file any overdue returns. Once your tax status is current, the attorney's proficiency in IRS discussions will be instrumental in reaching a just and manageable solution to clear your tax debt.

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Old Tax Years Don't Matter
No Penalties for Late Filing
Only Recent Income Matters
IRS Won't Notice Missing Years
Back Taxes Can't Be Paid in Installments

Old Tax Years Don't Matter

Myth

Old tax years don't need to be filed.

Fact

The IRS requires filing for all past-due tax years.

No Penalties for Late Filing

Myth

There are no penalties for filing back taxes late.

Fact

The IRS imposes penalties and interest on late filings.

Only Recent Income Matters

Myth

Only recent income needs to be reported when filing back taxes.

Fact

All income from past years must be reported.

IRS Won't Notice Missing Years

Myth

The IRS won't notice missing tax years.

Fact

The IRS tracks unfiled tax returns and can take action.

Back Taxes Can't Be Paid in Installments

Myth

You must pay back taxes in full immediately.

Fact

The IRS offers payment plans for back taxes.

Adult Day Care Coverage

Risk Factors

You may have to pay them for their services from your pocket if you hire a caregiver.

Solution

Policies may cover community care, which usually means adult day care, so you don’t need to pay them all by yourself.

Modifications to House Coverage

Risk Factors

You may need to build a wheelchair ramp for one of your family members because of their medical conditions.

Solution

Some policies may even pay benefits to family members who act as caregivers or cover home modifications, such as adding wheelchair ramps or installing safety devices.
Consultation

Dealing with the IRS due to tax arrears over several years can be daunting and uncertain. However, resolving these issues without the aid of a knowledgeable tax lawyer familiar with IRS processes can be challenging. Discover how the right legal support can help solve your tax issues, significantly reducing penalties and interest due to the IRS.

For assistance, consider contacting a tax attorney with the right background to begin promptly addressing your situation.

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