How Does the IRS Punish Mesa Arizona Taxpayers for not Filing on Time?

Before you fail to file on time due to procrastination or fear consider the following:

• Once the IRS files a substitute for return, you cannot discharge the tax debt for that year in a bankruptcy.
• The IRS can prosecute you for refusing to file returns which can result in one year in prison for each year not filed.
• The interest and penalties can double or triple the amount due by the time you file your return.
• Social security benefits will be lost if you are self-employed and fail to file within three years of the due date.
• Refunds will be lost if the returns are not filed within three years of the due date.
• Earned income credit will be forfeited if you do not file within three years of the due date.

Filing on time is the best way to avoid a serious tax problem with the IRS in Gilbert or Mesa AZ.  Scott Allen E.A. has the expertise to file back tax returns and negotiate the best settlement allowed by law if you owe.  Call Scott Allen EA today at 480-926-9300 to schedule a free initial, in office, appointment.