Unfiled Tax Returns
Help from an Oklahoma City Tax Attorney
Struggling to pay back taxes is not uncommon and this can lead to an avoidance
of filing taxes altogether. Unfortunately, the IRS looks down upon unfiled
tax returns and can penalize those individuals who do so. If you find
yourself burdened by the weight of tax returns, you have come to the right place.
At The Carver Law Office, PLLC, our firm exists to come alongside those
who are having a difficult time paying taxes and provide a solution that
works. Our Oklahoma City tax attorneys have more than 25 years of experience
helping individuals in situations just like yours. Your tax despair stops
here – we are ready to help you turn your future around for good.
What are the penalties for unfiled tax returns?
In some cases, the act of not filing tax returns can turn into a criminal
offense with severe punishments by the IRS. The IRS is much more lenient
with individuals who file their returns but are unable to pay the owed
amount and may offer special payment plans to make it easier.
It is also important to remember that the IRS operates on a statute of
limitations. This means that when you have unfiled tax returns, you are
typically required to file the previous six years, as well as the current
year. This can be an additional burden for indebted tax payers.
You may be penalized with the following for unfiled tax returns:
- Penalties, including failure to file penalties, interest penalties, and
failure to pay penalties
- Loss of your tax refund
- Loss of your Earned Income Tax Credit (EITC)
While unfiled taxes are a serious offense, you can regain your good graces
with the IRS. When you contact our firm, we can help you create a step-by-step
plan to avoid being penalized and get your tax returns up to date. The
sooner you get in touch, the sooner we can help.
Call on an Oklahoma City tax attorney today and schedule your in-person case evaluation!