5 Steps Resolving Your Issue With IRS
Are you feeling the pressure of the IRS? Are they calling you, sending you notices in the mail, and threatening to make your life a living hell? We are here to help.
As tax attorneys, we understand that you may have many good reasons to have not filed past tax returns. However, the IRS doesn’t care about excuses. Regardless of how complex your IRS problem is, we can help get Uncle Sam off your back.
Avoid jail time. Did you realize that failing to file your tax returns is a criminal offense that can result in jail time? Currently, the sentence is one year of jail time for each non-filed year. What’s worse is that the federal government may be increasing the criminal charge for not filing tax returns from a misdemeanor to a felony, punishable by up to 5 years in prison for each non-filed year. Needless to say, Uncle Sam is not messing around.
Regardless of your specific situation, you simply cannot avoid the problem any longer. Here are 5 steps to getting back in good standing with the IRS:
- Retain a tax professional who can help bring your tax return filings up-to-date and present your case to the IRS. You can expect to pay a fixed fee for the preparation of each return. Do not agree to pay an hourly rate. Fixed fees should be in the ballpark of $350 – $550 per year for basic tax returns.
- Request a tax organizer from the tax professional for each unfiled year. The organizer is a simple “how to” guide for getting your paperwork and documents in order. To avoid future trouble, take only allowable IRS deductions. Focusing on one year at a time will help keep you on track and make the task more manageable.
- Prepare all un-filed tax returns and submit them to the IRS as soon as possible. Filing can reduce the likelihood of criminal prosecution. Separately submit each year’s tax return by mail. To minimize red flags, never include more than one tax return per envelope.
- File your next tax return on time. The past is the past. Timely submission of current tax returns will show the IRS that you respect the rules and can improve your odds of reasonable resolution down the road.
- Wait. For each tax return filed, the IRS will send you a letter (i.e. bill). Don’t worry, that’s supposed to happen. It’s important to wait until you’ve received a letter (i.e. bill) for each year you filed. Having everything in front of you will help you understand the scope of your situation.
If your tax situation is complex, The Willis Firm can help. Together, we’ll put your days of non-filing status behind you! Schedule a FREE confidential, consultation by calling 877-254-4254 or visiting us online at: http://www.irsallstar.com/about-us