Unfiled Tax Returns Help
What do you do when you find yourself in need of unfiled tax returns help because of many years of unfiled returns?
What we do is we have people file the last six years of returns. Why? Because under the Internal Revenue Manual 4.12.1, that’s all the IRS can demand that you file.
The criminal statue of limitations is six years, and so that’s all the IRS will ask you for.
If you can afford a full payment to pay your unfiled returns, by all means that’s what you ought to do. If you can’t afford to pay them, there are a few options that are available to you.
You could ask for hardship status, which is also known as Currently Not Collectible.
When this happens, the IRS actually agrees that you have no ability to pay and will put your account in a holding. Sometimes for many years and won’t ask you to pay anything.
DISCOVER SEVEN SECRETS THE IRS DOESN'T WANT YOU TO KNOW
The other option you have is to file an Offer in Compromise. An Offer in Compromise is a deal where you will settle for less than you owe.
It’s a topic I cover here in another section of my Video Vault.
There are options out there.
First, you have to get your unfiled tax returns prepared. If you have more than three years you can call the IRS and ask them to send you the transcripts. Or you can hire a rep like myself, and I can get all those for you.
My name is Darrin Mish, my phone number is (888) 438-6474.