Back Taxes Owed
The main reason people come in to file their back taxes is they have a notice or lean from the IRS. There are other reasons, such as getting married, applying for a mortgage, or wanting to clean up returns that weren’t filed properly before they are starting a business. Whatever the reason we’re happy to help each client weigh the options of their unique situation.
One thing people need to know is even if you don’t have the money to pay the taxes, it’s important that you file. By filing the tax return you will avoid late filing penalties and give yourself the option to negotiate a settlement or payment plan. There is also the possibility of getting penalties abated once you file. The IRS will never negotiate until they have the returns. Nothing can be done until all the returns have been filed.