State or IRS Unfiled Tax Returns
Tax Help Hawaii’s Enrolled Agent prepared State or IRS Unfiled Tax Returns will usually reduce your State or IRS Back Tax Debt significantly by filing your missing tax returns. We will leave no stone unturned.
Perhaps the Taxpayer has relocated recently and documents are difficult to retrieve, Tax Help Hawaii will acquire the necessary transcripts to move forward. Are multiple states involved? Our communication skills are streamlined, to the point and unmatched by our competitors.
Do not allow your case file to drag on, clients often share treatment of other tax resolution companies they have retained in the past only to fall backward to square one because the unscrupulous, tax resolution company operator, needed more money. Imagine that.
If you wait for the IRS to find you, the cost of additional IRS Tax Penalties grows exponentially. If the IRS seeks you out before you have filed past-due returns, the likelihood of criminal prosecution escalates and the chance of a State or IRS Wage Levy / IRS Wage Garnishment becomes ever more likely.
The IRS estimates that approximately 10 million taxpayers fail to submit their income tax returns each year. A delinquent unfiled tax return is often more closely examined by the IRS. When filing a delinquent tax return it is important to move quickly and correctly, and to follow IRS guidelines for “voluntary compliance”.
The IRS will find you through Automated Collection Services (ACS, that’s the computer that will find you) and proceed to IRS Wage Levy / IRS Wage Garnish your pay check, or place a bank levy on your bank account and bring you to your knees financially. Do not let it get to this point. A proactive approach armed with a DWK Tax Attorney or IRS Enrolled Agent is the recommended tactic. Navigating the Internal Revenue Code is not for the uninformed Taxpayer.
If you have unfiled business or individual tax returns, and have not yet been discovered by the IRS, the time to act is now. Failure to act now, the IRS is almost certain to pay you a visit or worse, execute collection activity.
THE CONSEQUENCES FOR HAVING UNFILED TAX RETURNS:
Criminal penalties for willful failure to timely file tax returns or pay taxes are mentioned at 26 U.S.C. § 7203:
Any person required under this title to pay any estimated tax or tax, or required by this title or by regulations made under authority thereof to make a income tax return, keep any records, or supply any information, who willfully fails to pay such estimated tax or tax, make such income tax return, keep such records, or supply such information, at the time or times required by law or regulations, shall, in addition to other penalties provided by law, be guilty of a misdemeanor and , upon conviction thereof, shall be fined not more than $25,000 ($100,000 in the case of a corporation), or imprisoned not more than 1 year, or both, together with the costs of prosecution.