You haven't filed in a few years, maybe quite a few years, but you hear nothing from the IRS. How can this be? Well there could be a number of reasons. You may have just fallen through the cracks (no kidding it happens). Maybe you don't have any reportable income like W-2s, 1099s etc., or maybe something you haven't considered, the IRS owes you money. If you don't file, you don't get a tax refund. If the IRS thinks you owe them money, they will file for you and assess the tax. This return is called a SFR (Substitute for Return). These returns use the income information available to IRS and they will either file you as single or married filing separate, assess the tax if you don't respond, and begin collection actions. If IRS doesn't file for you then they may have determined you don't owe them money. They may owe you money! I have filed many deliquent returns that had refunds coming plus interest. Sometimes it is substantial amounts. Only problem is if your refund is over 3 years old the IRS keeps the money. You don't get it. If you are behind in your tax filings you need to get current. You might even have some money coming!
Selph & Friday CPA
Phone: 903-792-0281
www.selphandfridaycpa.com
Email: rselphcpa@cableone.net
LIKE me on FACEBOOK
FOLLOW me on TWITTER
IRS or state tax problem? We've been representing taxpayers since 1986. If you hire us, you are done talking with the IRS. We do that for you. After 25 years of representing taxpayers, we understand the physical and mental toll a tax problem can have on you. Let's get started on a solution! Need a tax preparer? Bring all of your information and I will prepare your tax returns while you are here. If you have a refund, lets get it in your bank account.
Our Offices| 1909 Mall Drive | Texarkana, TX 75503
Come On By and See Us!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.