Do you owe the IRS back tax returns? Are you moving slowly in fixing this problem because you don’t know what you are doing? When it comes to filing IRS back taxes you may be surprised at just how easy it can be. This doesn’t mean you don’t have work in front of you, though. There is a lot you need to do in order to handle filing your back taxes appropriately. This is particularly true if you owe the IRS more than one return.
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.
You must also collect information including your W-2’s for each year, as well as any deductions, etc. If you cannot seem to locate the proper W-2 you should contact the IRS so they can send you a copy. As you can imagine, the more information you have the easier it will be for you to file quickly and effectively.
Do you need help filing IRS back taxes? You can hire a professional. A tax professional can help you organize your situation, while also preparing all your documents. Make sure you are ready to pay for each return that you have to send to the IRS. If you do not yet have a tax professional you will want to search for one who has experience filing IRS back taxes. And, of course, find somebody you can afford.
There is nothing fun about filing IRS back taxes. But this is something you have to do because it is required by the law. Additionally, you cannot receive any refunds from the IRS until you are all caught up with your back taxes.
Know that you know how to file back taxes you can get back on the good side of the IRS. Looking to file your back taxes yourself? Here is a good guide on filing your unfiled tax returns.
This post was published on June 7, 2009