It’s important to know how to file unfiled tax returns to avoid further problems with the IRS. As we know, filing taxes on time is a responsibility that every taxpayer has to fulfill. However, sometimes life can get in the way, and you might miss the deadline to file your taxes.
The Internal Revenue Service (IRS) imposes penalties and interest on late tax filings, which can quickly accumulate if you do not take immediate action. In this blog post, we will discuss how to file unfiled tax returns and avoid the consequences of late filings.
At Andrin Tax Relief, we understand the challenges that come with late tax filings. We are a family business that has been focused on accounting for over 30 years. In that time, we have helped numerous clients find relief from major IRS debts and free them from the burdens of old tax mishaps. Our knowledge and expertise allow us to help our clients navigate IRS tax problems.
How many years of unfiled tax returns do I need to file?
One of the first questions you may have is how many years of unfiled tax returns you need to file. Generally, the IRS requires taxpayers to file the past six years of unfiled tax returns. However, in some situations the IRS may require you to file additional returns.
How long do I have to file unfiled tax returns?
The IRS expects taxpayers to file their tax returns by the tax deadline, which is usually April 15th of each year. If you miss the deadline, you can still file your tax return late without penalty, as long as you are due a refund.
However, if you owe taxes, the IRS will charge penalties and interest for late filing and late payment. Therefore, it’s essential to file your tax returns as soon as possible to avoid accruing further penalties and interest.
How many years does the IRS go back to collect on unfiled tax returns?
The IRS can go back up to ten years to collect taxes owed on unfiled tax returns. However, the IRS typically focuses on the most recent six years of unfiled tax returns. You can avoid further complications with the IRS by taking care of your unfiled taxes as soon as possible.
How to file unfiled tax returns?
Filing unfiled tax returns can be a complicated process, and it’s best to seek help from a tax professional to ensure that your tax returns are filed correctly. But if you’d like to know how to file unfiled tax returns, just follow these steps:
Gather your tax documents
The first step to file unfiled tax returns is to gather all the necessary tax documents. These may include your W-2 forms, 1099 forms, and any other income-related documents. If you do not have these documents, you can request copies from your employer or the IRS.
Determine which years you need to file
Once you have gathered all the necessary tax documents, you need to determine which years you need to file. The IRS requires that you file tax returns for the past three years to be considered current. However, if you have missed filing for more than three years, you must file for those years as well.
File your missing tax returns
Once you have determined which years you need to file, it’s time to file your missing tax returns. Knowing how to file unfiled tax returns can be done by using tax software or by filling out the appropriate forms manually. If you are not comfortable doing this on your own, you can seek the help of a tax professional like Andrin Tax Relief. We ensure that your tax returns are filed accurately and on time, helping you avoid further penalties.
Pay your taxes
If you owe taxes, it’s important to pay them as soon as possible. The IRS imposes penalties and interest on unpaid taxes, which can quickly accumulate if you do not take immediate action. You can pay your taxes online, by mail, or in person at an IRS office.
Request penalty abatement
If you’re unable to pay your taxes in full, you might be eligible for penalty abatement. If you’re eligible, the IRS can forgive some or all of the penalties and interest that you owe. However, not everyone is eligible for penalty abatement. Tax relief experts typically recommend penalty abatement only for taxpayers who can show that they had a reasonable cause for not filing or paying their taxes on time.
While it’s helpful to know about penalty abatement, it’s best to consult with a tax relief professional to determine if you’re eligible for this option. Penalty abatement is only applicable if you’re already facing penalties for tax debt. If you’re simply learning how to pay your unfiled taxes, you can skip this option.
Keep records of your filing
It’s important to keep records of your tax filing after learning how to file unfiled tax returns. This includes copies of your tax returns, receipts, and any other relevant documentation. By keeping these records, you can avoid future tax problems and ensure that you are up-to-date with your tax filings.
Let Andrin Tax Relief do the work for you!
If you find the process of filing late taxes to be too complicated, please know that you can always reach out to us. Contact Andrin Tax Relief today and let us help you find relief from your IRS debts.
We have the experience and knowledge to help you navigate through the complex tax system and find the best solution for your unique situation. Don’t let old tax problems hold you back any longer – take the first step towards a brighter financial future by contacting us today.
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