The April 18th tax deadline has passed and you failed to file your tax return or request an extension.  Whatever the cause for not filing your return, you must make a decision regarding your next course of action and quickly to remedy the situation.  Do not convince yourself that the IRS will simply overlook the [...]

Few people really intend to skip paying their annual income taxes. Personal circumstances, whether chosen or unexpected, may have compelled someone to not file a tax return.  To put this in context, let’s consider the following: What if you didn’t file on 2009’s or an earlier year’s taxes? What do you do now, going into [...]

With the Bush tax cuts set to expire and a Democratic led congress at work, America could potentially see a tax increase of $115 billion for the next year- a scenario of minute desirability to anyone, especially when juxtaposed with the present economic climate. From higher income taxes and individual state taxes, to halved child [...]

Philadelphia has a tax amnesty program in order to recoup back taxes owed by taxpayers. The program ends June 25th.

Past due taxes are any taxes that remain unpaid after the filing deadline of April 15th. Individuals can find themselves in the position of owing past due taxes for many reasons; from an from an unexpected illness that prevents an honest person from timely filing their return to the career criminal who has never filed [...]

Having unfiled taxes when you owe the IRS money is a very serious situation. Unfiled taxes are the quickest way to get very large tax penalties and in some serious trouble. The IRS does have the power to enforce some very harsh punishments on individuals but it is not standard practice for them to do [...]

With each passing year, 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 [...]

The Oregon State legislature approved SB 880, on 6/29/09 that provides tax amnesty for state taxpayers and businesses with back taxes stemming from 2007 or later. Taxpayers who need to file or amend a tax return may complete and send in an application before the November 19th deadline (it started October 1st, 2009) in order to abate or remove penalties. Moreover, those who come forward will also benefit because the total interest amount due will be cut in half. The Oregon State Department of Revenue (ODR) states as well unfiled taxes return or tax returns that need to be amended must be filed before 1/19/2010.

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.