IRS Delinquent Tax Filings
Help With Delinquent and Unfiled Tax Returns
Missing one tax return can quickly become two, three, or several years of unfiled returns. As time passes, many taxpayers become increasingly reluctant to address the problem because they are worried about what they may owe or what will happen when they contact the IRS.
Continuing to wait can make the situation more difficult.
Prendamano Tax Resolution & State Tax Advisory helps individuals, self-employed taxpayers, and businesses address delinquent federal and state tax filings and take the steps necessary to move back toward compliance. From our Melville office, we serve taxpayers throughout Long Island, including Huntington, Hempstead, Garden City, Mineola, Hicksville, Nassau County, Suffolk County, Queens, Brooklyn, and New York City.
The IRS recommends filing required past-due returns even when a taxpayer cannot immediately pay the resulting balance in full. Resolving the filing problem and resolving the payment problem are related, but they are not necessarily the same step.
When returns remain unfiled, the IRS may eventually prepare a Substitute for Return using income information available to the government. That calculation may not account for every deduction, credit, exemption, expense, or other item that could potentially appear on a properly prepared taxpayer return. The IRS states that taxpayers may still benefit from filing their own accurate return after a substitute return has been prepared.
That is why the goal should not simply be to “send something in.”
A thoughtful delinquent filing strategy begins by determining which tax years require attention, obtaining available income and tax records, preparing accurate returns, establishing the actual liability, and then evaluating how any remaining balance can be addressed.
Once required filings are brought up to date, additional tax-resolution options may become available depending on the taxpayer’s circumstances.
Years of unfiled returns can feel intimidating, but uncertainty usually creates more stress than knowing exactly where you stand.
Contact Prendamano Tax Resolution & State Tax Advisory for help addressing unfiled tax returns and creating a strategy for any tax debt that follows.
Ready to take control of your tax situation?
Call 631-886-5630 to schedule your free consultation with Prendamano Tax Resolution & State Tax Advisory and start working toward real financial resolution today.