What will IRS do when they find out I have not filed back tax returns? From Tax Debt Advisors, Inc.
Back Tax Returns in Phoenix AZ
Eventually, the IRS will compare income reported by 3rd party payers and match them against your social security number and prepare substitute tax returns if you have unfiled back tax returns in Phoenix AZ. These returns allow the IRS to take action against you like liens, levies and garnishments. Substitute returns give no credit for any deductions or cost basis which will greatly overstate the tax as well as the interest and penalties for late filing. The IRS doesn’t punish for non-payment (1/2% per month) as much as for non-filing (5% per month). Consider not filing back tax returns in Phoenix AZ like ignoring dealing with cancer—time will only make it worse. The time to face non filing is now. You will have more time to gather important tax information if you file on your own before the IRS knocks on your door. Recently the IRS has demanded tax returns to be filed in as little as three days to avoid levies on bank accounts or garnishment of wages. Call me for a free confidential initial consultation to determine the best way to get your back tax returns in Phoenix AZ filed and settled.
Scott Allen, E.A. – Tax Debt Advisors, Inc always helping with back tax returns in Phoenix AZ