There’s Still Hope if You Didn’t File Your Taxes: You Can Still Get Income Tax Relief and Avoid IRS Penalties
It’s the morning after April 15… Did you file your taxes?
Every year, millions of taxpayers fail to file legally required tax returns by the April 15 deadline, which can lead to more significant financial problems in the long run including huge penalties and jail time. But it’s not too late for delinquent taxpayers to resolve tax debt and avoid IRS penalties.
The longer you put off dealing with overdue taxes, the more serious your IRS problems will be.
So I recommend filing any tax returns that are due as soon as possible to avoid additional interest, penalties and potential IRS collection tactics, such as a levy on your bank account.
Not to mention, all back tax returns must be filed before the IRS will even entertain any type of tax settlement like an offer in compromise or monthly payment plan arrangement.
The good news is the sooner you take care of your delinquent taxes, the less penalties and interest you’ll owe.
If you filed for an extension, remember that this just grants you 6 more months to file, not to pay your taxes owed.
If you can’t afford to pay your taxes, know that their are ways to stay out of tax trouble and avoid IRS penalties.
**If you have unfiled tax returns or need income tax relief, our specialized staff of attorneys, CPAs, EAs and tax professionals can help. Visit the Tax Resolution Services web site for a free tax relief consultation or call us at 866-IRS-PROBLEMS.
More Tax Help, IRS News and Tax Relief Tips:
- Retire Your IRS Back Taxes Forever: How Tax Resolution Services Helped Save a Taxpayer $130,000
- Options for Business Owners Struggling to Meet the April 15 Tax Deadline
- Last Minute Advice For Recession-Burdened Taxpayers Who Can’t Afford to Pay Taxes and Want to Avoid IRS Penalties
- Release Your IRS Bank Levy: How a Tax Attorney or Certified Tax Resolution Specialist Can Give You an Advantage
- Your Unfiled Delinquent Tax Return Checklist: Stop the IRS Now and Avoid Steep Interest and Penalties from Accumulating
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May 26th, 2009 at 12:45 pm
[...] starters, I recommend filing any tax returns that are due as soon as possible to avoid additional interest, penalties and potential IRS collection tactics, such as a levy on [...]