Unfiled Tax Returns
Tax Relief
Unfiled Tax Returns
What Happens When You Don’t File Your Taxes?
When U.S. taxpayers don’t file their tax returns by their due date – that is, April 15 unless extensions are granted – the IRS may decide to impose a failure-to-file penalty against them.
If the taxpayer still does not file their tax return the IRS may do their return for them. Unfortunately, the IRS may not include accurate expenses resulting in a much higher liability than necessary.
Reach out the Law Offices of Darrin T. Mish today. Call (813) 229-7100 or contact us online for help.
What Are Acceptable Reasons for Filing a Late Tax Return?
For some, unfiled tax return penalties are an extra burden they can’t afford. At the Law Offices of Darrin T. Mish, P.A., we know there are good reasons why you didn’t file your taxes on time.
The IRS accepts certain reasons filing a late tax return, including:
- Serious illness (including COVID-19)
- Natural disasters
- Simply being unable to do so despite good faith efforts
Get the Knowledge of a Skilled Professional
Reach Out to Us for Assistance
If you believe you had a good cause for failing to file your tax return on time, reach out to the Law Offices of Darrin T. Mish, P.A. for help. We can help you interface with the IRS and make important decisions that may be able to mitigate what you owe in penalties for an unfiled tax return.
Take advantage of a free consultation with our attorney in Tampa to tell us about your situation and learn how we can help. Results will vary for each client, but we’ll work with you on a personal level to develop a unique strategy that can help you get the best possible outcome.
Forget to File Your Taxes?
- You may have to pay the failure-to-file penalty
- The IRS may approve an extension to filling; you must submit an extension application on time
- You will be charged interest on the taxes not paid by the original due date; regardless of your approved extension or not
- While, there is no penalty for failure to file if you are to get a refund for your tax returns, you risk forfeiting the refund if you wait too long
What Are the Penalties for Failing to File a Tax Return?
If you fail to file your taxes on time, you may be subjected to an IRS penalty. An IRS tax penalty is calculated according to the original amount of unpaid taxes and how late the tax return was filed.
On top of the Failure to File Penalty,
there is also a Failure to Pay Penalty which is percentage of the liability on the unfiled tax return.
While the Failure to Pay Penalty maxes out, the Failure to Pay Penalty continues until the tax return is paid out, or until it reaches its maximum of 25% of the unfiled taxes.
If you find yourself facing a failure-to-file penalty from the IRS, reach out to an unfiled tax returns attorney in Tampa at the Law Offices of Darrin T. Mish, P.A. for help. Contact us online or call (813) 229-7100 to get the legal support you need!
How Far Back Can The IRS Go For Unfiled Taxes?
When it comes to unfiled tax returns, there is no limit to how back the IRS can go. Let the Law Offices of Darrin T. Mish P.A. help you understand how many returns must be filed to achieve Tax Filing Compliance.
The IRS does have a statute of limitations on how long they can collect back taxes, which is 10 years. After 10 years, they can no longer enforce collections against you. Unfortunately, this statute of limitations is not necessarily helpful to individuals who have unfiled taxes, since the clock doesn’t start ticking until after the tax return or tax assessment has been filed. That means you will still have to pay back taxes for an unfiled return from 15 years ago if the IRS only began assessing the missing return this past year.
If you have unfiled tax returns or an outstanding liabilities,
it’s natural to be concerned about how you are going to find the cash to pay the back taxes and other fees. In these situations, proactively filing the missing tax returns before the IRS catches you can really help your case. The IRS also offers several programs that can help you pay your back taxes without causing you to go bankrupt. An experienced tax lawyer can guide you through this complicated process and help you negotiate a fair payment plan with the IRS.