The IRS can legally file a tax return on your behalf which is called a Substitute for Return (SFR). If this happens, you most likely will not be getting the benefit of the doubt on anything. The IRS will likely only estimate your tax liability using old W-2 & 1099 forms. They may also just [...]

Each year that passes the IRS gets more and more efficient at catching non-filers. If you have gotten away with not filing a tax return in the past, don’t expect to in the future. Even if you missed the past few years, it is in your best interest to file those returns because the IRS [...]

So, it is time to file your taxes and you realize that you cannot afford to pay the IRS. This is a tough position to be in. For many, the answer to this problem is to hide from the IRS and hope that they do not come around for a long time. Unfortunately, this is [...]

Have unfiled taxes returns? Ask yourself this question: haven’t you waited long enough? Remember, the longer you go without filing your taxes and dealing with past returns the more problems you are making for yourself. If you have not filed your taxes for several years here are some general guidelines to follow. It is recommended that you work with a tax professional if possible.

At the beginning of this month, the Treasury Inspector General released a report describing the negative effect that reduced withholding associated with the Making Work Pay Credit (MWPC) could cause. What the report mentioned is that 15+ million taxpayers could owe taxes when filing in 2009 and 2010 due to the fact that thewithholding tables failed to consider certain factors. Moreover, many taxpayers will receive no refund or a reduced refund and some may end up with IRS penalties.

If you requested an extension on filing your 2008 taxes you were suppose to have filed by October 15th. If you missed the October 15th tax deadline and still haven’t filed that is ok, you can still file but you will likely face some penalties. The sooner you file, the fewer penalties you will receive.
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For the estimated 10 million Americans who requested a tax filing extension with the IRS or their State for the typical April 15th filing deadline, realize that this extension was only good for 6 months or until October 15th, 2009. As you probably know, you had to submit an estimated payment with this extension (if you are self-employed or don’t work for a company) because any filing extension is not an extension to pay but an extension to file. Essentially, an extension would have prevented a taxpayer from incurring any late filing penalties with the State or Internal Revenue Service. For any amount owed though, interest accrued for the amount owed for the last 6 months.

Understand how you can prevent back taxes by reporting any winnings to the IRS from gambling, betting, raffles, lotteries and more.

Understand what an offer in compromise is, how it works and when the IRS will consider a taxpayer for this type of IRS settlement

Handling the filing of IRS back taxes starts with getting organized. You need to know what years you have to file for. Remember, each year requires a separate return. You cannot add them together to make things easier on yourself. The IRS wants you returns separately, and this definitely means that you will be spending more time getting organized.