Whether you have the money to pay the taxes you owe or not, you should file all tax returns when they’re due.
What happens if you have unfiled tax returns? Filing past-due tax returns or failure to file can lead to costly consequences with the IRS, including substantial penalties and interest. East Coast Tax Consulting Group can help you file your late returns and find an affordable solution to eliminate your tax debt.
Filing Past Due Tax Returns
If you do not file your tax returns, the IRS can file one for you using information reported to them by your employer, bank, clients, and customers. Your tax return will be prepared without the benefit of all the deductions, exemptions and credits you may be entitled to. Let us help you file your past-due personal returns so that you pay the taxes you owe, and not more.
We can prepare any federal and state tax returns for you, including the following:
If you are due a refund from the IRS, there is no penalty for filing past due tax returns. However, if you wait too long to file your return, the IRS will deny your refund. In order to receive a refund, your return must be filed within three years of the due date.
Our tax preparation specialists at East Coast Tax Consulting Group can help you get back into compliance by preparing your past-due federal and state returns. If you no longer have records of your wages, interest income, or other income, we can obtain this information by requesting a transcript from the IRS. Our team will also help you determine your allowable deductions and expenses that will reduce your tax liability. Once you have filed your back tax returns we can determine what tax relief strategy is best for resolving your unpaid taxes.