Unfiled Tax Returns
Unfiled Tax Return Issues in Oklahoma City
Struggling to pay back taxes is not uncommon and this can lead to an avoidance of filing tax returns altogether. The IRS takes seriously the issue of unfiled tax returns. If you have unfiled returns, the IRS can prepare a return for you, known as a Substitute for Return (SFR), and assess income taxes based on the SFR. Failing to file returns to report income is a criminal offense. The IRS will penalize, and may even prosecute, such failure to file returns. If you find yourself burdened by the weight of unfiled tax returns, you have come to the right place. At Carver Law Office, PLLC, our firm exists to assist those who are having a difficult time paying taxes and we provide a solution that works.
Our Oklahoma City tax attorneys have more than 30 years of legal experience and have helped hundreds of individuals experiencing situations just like yours. Your tax despair stops here – we are ready to help you turn your future around for good. Contact us today by calling (405) 561-3467.
We Can Assist You With Your Unfiled Tax Returns and Any SFR Assessments.
Penalties for Unfiled Tax Returns
In some cases, the act of not filing tax returns may be prosecuted as a criminal offense with severe punishments by the IRS. The IRS is much more lenient with individuals who file their returns but are just unable to pay the owed amount and it 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. – delete this altogether
You may be penalized with the following for unfiled tax returns:
- Penalties, including failure to file penalties, interest, 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 achieve compliance with the IRS. When you contact our firm, we can help you create a step-by-step plan to get your tax return filings up to date. The sooner you get in touch, the sooner we can help.
Get Professional Tax Help in Oklahoma City today and schedule your in-person or telephone case evaluation!
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