Killer Unfiled Tax Returns - You Should Never File Them!

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 16, 2008 -- Never just file your unfiled tax income tax returns with the IRS. Why? Because you never know what kind of trap you are walking into.

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Killer Unfiled Tax Returns - You Should Never File Them!

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Let's consider some facts. If you've filed all your previous returns and don't owe any money, and you can full pay any balance shown on this return, then you can file it now without a problem. If there are other years not filed and you owe on any of them, or you owe on past years, you should find out your current status with the IRS collection division before filing. Your power of attorney representative should pull your record of account for the last 10 years or more.
The record of account will show the charges and payments to each year. It will also show if you filed or the IRS filed a return for you. Any years that show that you didn't file a return, needs to be filed. But... WAIT... Not Yet.

If you are in an installment agreement for any taxes you owe to the IRS, having unfiled returns makes that agreement invalid! Be prepared to discuss your ability to make monthly payments toward all years combined. The trick is to get all delinquent liability years included under one agreement. This will stop future collection action, assuming you file and pay your taxes and make your monthly payment on time.
So, be prepared to discuss your current financial situation. You should have a current IRS form 433a filed out already.

Pulling the record of account to see what the IRS shows under your social security number will not tip them off to take collection action. It is always good to know where you stand with the IRS as far as your personal income tax filings are concerned. When you are ready to file your unfiled returns and you are missing information, you can request a record of information sent to the IRS from third parties. This includes W-2'S, 1099'S, K-1'S, etc. You are also allowed to estimate amounts that you can't calculate. There is an art to preparing unfiled returns. Make sure you have help from a tax preparer experienced in this area. I have made corrections to many poorly prepared returns that would probably have caused an IRS audit. In conclusion... Do not file any unfiled personal income tax returns without first requesting a record of account from the IRS and making sure that you understand what has been filed, if the IRS filed it, and how you are going to present your arguments for paying back the liability.


Contact Joe Mastriano, today and get started on resolving your tax problems. With over 30 years of experience and thousands of satisfied clients, we are willing to do the work for you. We will file your returns, meet with the IRS, handle revenue officers, represent you in audits, file for appeals and more. We’ll do whatever it takes to solve your tax problem. Call today to speak with a representative. 713-774-4467

More information can be found online at http://www.taxproblem.org/press-releases-and-other/you-should-never-file-your-unfiled-tax-returns/

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