Unfiled Tax Returns
Tax Relief
Tax Planning
Unfiled Tax Returns Attorney in Tampa
What Happens When You Don’t Pay 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.
For each month your tax return isn’t filed, you can typically expect a penalty of around 5 percent of your tax bill to be applied. Such a penalty can continue to accrue until it reached 25 percent of your unpaid taxes.
Reach out to our unfiled tax returns attorney at 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
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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 unfiled tax returns 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 if you don’t have an urgent excuse
- The IRS may approve an extension to filling; you must fill out a extension application by April 15th or pay the fine
- You may be charge interest on the taxes not paid by the original due date; regardless of your approved extension or not
- There is no penalty for failure to file if you are to get a refund for your tax returns. However, you risk loosing the refund if you miss the deadline
What Are the Penalties for Failing to File a Tax Return?
On top of the Failure to File Penalty,
there is also a Failure to Pay Penalty which is 0.5% of the unfiled tax return.
While the Failure to Pay Penalty maxes out at 5 months, 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. They may go back 10, 15, or even 20 years for unfiled taxes. However, the IRS usually only goes back as far as six years, unless they suspect you of tax evasion or another serious issue.
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.