Posts Tagged ‘delinquent returns’

Tax Relief FAQ: Why File Tax Returns If I Cannot Afford to Pay Back Taxes to the IRS?

Sunday, November 14th, 2010

Even if you can’t afford to pay your back taxes to the IRS, it is essential to avoid stiff penalties from the IRS and file all delinquent returns now. Every year, thousands (potentially millions) of taxpayers fail to file legally required tax returns. The act of not filing usually results in increasingly damaging problems as time goes by, such as additional interest, crippling penalties and IRS collections including levies on your
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Swiss Bank Account Information to be Turned Over to IRS: Tax Evaders Trying to Shelter Money May Consider IRS Voluntary Disclosure Program

Monday, September 28th, 2009

The end is near for U.S. taxpayers who are using the world’s most famous tax haven to shield assets and avoid paying Uncle Sam his due.  If you have an offshore account where you’ve been evading taxes, you should be worried!  Did you know that the IRS is offering an extension to the voluntary disclosure program to come clean about undeclared income?
By Michael Rozbruch
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In one of the latest — and
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