Unfiled Tax Returns
Why Should I file My Delinquent Tax Returns?
The IRS requires you to be in compliance, meaning have the last several years of tax returns filed, before you can enter into a formal resolution with them.
This means that they can continue to impose wage garnishment, bank levy, and asset seizure upon you until you file your past due tax returns.
At J. David Tax Relief, we prepare your tax returns for you in addition to providing IRS tax solutions to your tax debt.
Unfiled Tax Returns
Here is why you should file before the IRS files for you:
If you fail to file a tax return for any given year, eventually the Internal Revenue Service (IRS) will file one for you. The return the IRS files for you is called an Substitute For Return or SFR. The Automated Substitute For Return (ASFR) Program identifies taxpayers who did not file a required tax return and attempts to bring these taxpayers into compliance. After failed attempts to secure a tax return from the taxpayer, the IRS prepares a Substitute for Return for taxpayers with a proposed tax assessment based on information return data reported to the IRS combined with other internal data.
Filing Unfiled Tax Returns
Why You Should File Your Own Tax Returns Instead Of The IRS
This often excludes highly valuable tax credits, deductions and possible exemptions that the taxpayer would normally be able to use to reduce their tax debt.
Thus, this Substitute for Return that is prepared by the IRS often results in a higher tax due from the taxpayer than they would have if they filed their own tax return.
This is why it is imperative to inspect any Substitute for Return that the IRS files and to find out if it would be beneficial for the taxpayer to file an original return to replace the Substitute for Return.
Unfiled Tax Returns Statute Of Limitations
First Look Into Unfiled Tax Returns Statute Of Limitations
In addition to a higher balance on the Substitute For Return filed by the IRS, you will also face penalties and interest. If the Service processes a tax return prepared under the authority of IRC Section 6020(b), the assessment date will start the period for the statute of limitations for collection per IRC Section 6502(a)(1), but does not start the period of limitations for assessment. Once the tax is assessed, the IRS has ten years to collect on the tax debt before the statute of limitations runs out and the tax debt expires.
What Our Clients Have To Say
I felt like Jonathan genuinely cared about my issue and always made time to talk to me when I needed it. I owed taxes to two different states as well as the IRS. Jonathan got my wage garnishment released and resolved my taxes so I no longer have to worry about them. This was a huge burden off of my shoulders. Hire Jonathan if you want fast action and proper action. Just call him and you will see for yourself.
Jonathan was great to work with. From our first conversation I knew he was the right person to get the IRS off my back. He immediately went to work for me and got my wage garnishment released. He was very clear and honest with what I should expect and was easy to get in touch with throughout the entire process. His fees were surprisingly very affordable compared to other tax relief companies and attorneys I had spoken to. I would recommend him without a doubt.