Unfiled Tax Returns

The first step to settle your IRS and state tax debt is by filing prior year's unfiled tax returns. If you have not filed, the IRS will prepare a substitute for return, "SFR", to determine your tax liability and begin collections against you. In most cases, your tax liability will be higher when the IRS files a "SFR" than if you were to file your own tax return. The Taxperts can obtain copies of all tax documents and prepare all unfiled tax returns. Depending on the your tax situation, your overall tax liability may be reduced drastically when all unfiled returns are prepared and filed.

Not filing a tax return is considered illegal and may be punishable for up to 1 year in jail and a $25,000 fine. However, jail time is a rare occurence unless the IRS can prove that the taxpayer deliberately commited fraud. Do not allow scare tactics from salepeople guide your decision to choosing the right tax professional.