Falling behind on tax returns can happen for many reasons. Missing records, financial difficulties, business problems, relocation, family circumstances or simply becoming overwhelmed can turn one unfiled return into several years of missing tax returns.
The important thing is to address the problem rather than continue avoiding it.
Tax Help Hawaii helps individuals and businesses prepare unfiled federal and State tax returns, obtain missing tax information, establish tax compliance and address any back taxes that may be owed.
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310-966-0266
Every unfiled-tax situation is different.
Some taxpayers are missing one return. Others haven’t filed for several years. Business owners may have multiple federal and State filing requirements that need to be addressed.
Tax Help Hawaii can help determine:
Our goal is to help you move from unfiled and uncertain to filed and back in compliance.
Don’t assume you can’t file because you’ve lost your tax documents.
Depending on the circumstances, Tax Help Hawaii may be able to obtain available IRS wage and income transcripts and other account information to help reconstruct the records needed to prepare past-due federal tax returns.
This can be especially helpful if you’ve moved, changed employers, operated a business, lost records or haven’t filed for several years.
Additional records may still be needed depending on your circumstances.
Sometimes.
If the IRS has prepared a Substitute for Return for you, the IRS calculation may not give you the benefit of all deductions, credits or other tax treatment that could be available on a properly prepared return.
Filing your own accurate past-due return may therefore change the amount of tax assessed.
However, filing an unfiled return does not guarantee that your tax debt will decrease.
Tax Help Hawaii will prepare the required returns based on the available records and applicable tax law so that your actual tax liability can be determined.
If you don’t file a required federal income tax return, the IRS may eventually prepare a return for you using information available to the agency.
This is commonly called a Substitute for Return, or SFR.
An IRS-prepared substitute return may use income information reported by employers, banks and other third parties but may not include every deduction or credit to which you might otherwise be entitled.
Even if the IRS has already prepared an SFR, filing your own accurate return may still be important.
Continuing to leave required returns unfiled can make a tax problem more complicated.
Depending on your circumstances, consequences may include:
The consequences depend on the facts of each case.
The sooner you address missing tax returns, the sooner you can understand exactly where you stand.
File the required returns anyway.
Being unable to pay the entire tax balance is generally a different problem from failing to file required returns.
Once the missing returns have been prepared and the actual tax liability is known, Tax Help Hawaii can evaluate potential IRS resolution options.
Depending on your circumstances, these could include:
Getting your required returns filed is often an important first step toward resolving the tax debt.
Possibly.
The IRS provides certain forms of penalty relief for taxpayers who meet applicable requirements.
Depending on the tax year and circumstances, relief may be available based on compliance history, reasonable cause or other IRS provisions.
Tax Help Hawaii can review assessed penalties and determine whether requesting penalty relief may be appropriate.
Tax problems don’t always involve only the IRS.
If you’ve moved, earned income in multiple states or have outstanding State filing requirements, additional returns may need to be addressed.
Tax Help Hawaii can review your situation and determine what State and federal filing issues need attention and which matters we can assist with.
Don’t wait for the problem to become more serious.
If the IRS has already contacted you about missing returns, prepared a Substitute for Return, filed a federal tax lien, or begun collection activity, Tax Help Hawaii can review what’s happening and help determine the appropriate next steps.
For qualifying representation matters, Tax Help Hawaii can communicate with the IRS on your behalf under a valid Power of Attorney.
Unfiled business returns can become particularly complicated because a business may have multiple filing obligations.
Tax Help Hawaii can assist with qualifying past-due business tax matters and help determine which returns need to be prepared.
The sooner missing business filings are addressed, the sooner you can determine the business’s actual tax position and begin addressing any outstanding tax liabilities.
Having several years of unfiled tax returns can feel overwhelming, but the problem doesn’t become easier by waiting.
The first step is determining what needs to be filed and what information is available.
From there, Tax Help Hawaii can help prepare the required returns, determine the actual tax liability and evaluate appropriate options for resolving any remaining tax debt.
Call Tax Help Hawaii: 310-966-0266
Serving Maui, Hawaii and taxpayers nationwide with qualifying federal IRS tax matters.
Tax liabilities, penalties, filing requirements and resolution options depend on each taxpayer’s individual circumstances. Filing past-due returns does not guarantee a reduction in taxes owed.