Most likely nothing right away. At some point, the IRS may send you a soft letter asking for your tax return for the year you didn't file. You usually receive this in the year after the return is due (2013 notice for 2012 returns). If you ignore them, at some point they could file a tax return for you based upon the income information available to them. This return won't likely be filed in the most favorable manner for you and you will owe them money. What is more troublesome is how this ends. While you may get this taken care of, I rarely file one year's deliquent income tax return but rather 3, 4, 5, 6 or more years. When you skip that one year and you don't hear from IRS for a while then one year can become multiple years. A smaller issue can become much larger if you don't bring your filings current. Don't let this happen to you.
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.