Ya-Online-Juegos.com | Are You in Trouble? Unfiled Taxes
March 21, 2010 by Taxcut Editor
Filed under Personal and Business Taxes
Resource Author Francisco Rodriguez Higueras
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There is always a way out and a better one than that of hiding from the IRS that only adds to up to one's troubles. Here are a few steps you need to follow when you need to file a past return:
The IRS has been trumpeting its efforts to close the tax gap. Depending on the year, the agency estimates that between $300 and $450 billion dollars in tax revenue goes uncollected. One of the primary reasons is the underreporting of income by taxpayers. The email scam currently circulating uses this issue as its basis.
2. Consult a tax professional- A professional tax consultant would be the best person to help you deal with unfiled taxes, as it involves many complexities.
3. Read the preparation process thoroughly- Until you file your returns you wouldn't know if you owe the IRS money or will be receiving refund. It is quite obvious that your refund may not last long if you have accumulated penalties and interest over the past years or owe additional taxes. This is where your tax consultant plays a vital role in suggesting you the best option.
4. Get rid of your debts- If you owe the IRS money, pay it right away. In case, it is not possible for you to pay in lump sum, you could opt for an installment plan financed by the IRS or any other source of funding like a credit card or bank loan.
The IRS has come a long way when it comes to the digital age. That being said, the agency is very old school when it comes to dealing with taxpayer issues. By this, I mean that the agency never sends notices of action to taxpayers by email. Everything is sent by snail mail with most of the notices automatically being kicked out by a computer. If you ever get an email from the IRS, you can usually assume it is a fake.
If you have any doubts as to its legitimacy, you can just pick up the phone and call the IRS to ask if you've been sent anything.
The new IRS email scam plays on the fear taxpayers have of the agency. Don't be a sucker. Ignore it and don't reward such conduct
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