Filing Back Taxes
Perhaps you’re one of the thousands of Americans who filed your tax returns but didn’t have the money to pay the taxes that were owed, at that time. Maybe you thought you would catch up the following year but, before you knew it, you found yourself several years in arrears. Every day the oversight abilities of the IRS are getting more sophisticated and it’s only a matter of time before they catch up with you. Perhaps you’ve already received a notice from the IRS, indicating that you owe significantly more than the original amount, because of penalties and interest.
It’s frightening how quickly tax penalties and interest can add up. Now you have a choice to make – you can write a huge check and pay the full amount, or you can just keep ignoring the notices, while the tax penalties and interest keep piling up. This is not a situation that should be taken lightly, as a failure to file your tax returns is a criminal offense with stiff penalties. If you do not file your taxes, as designated by US law, you can be prosecuted and possibly face jail time, with one year for each year that your taxes were not filed. Do you really want to risk your freedom for failing to file your tax returns?
If you wait for the IRS to file your returns for you, they will be skewed in the best interest of the government and you may end up owing more taxes than you would have, had you responded proactively. The IRS is allowed, by law, to examine a taxpayer’s books and records and going through that process alone may cost you even more in taxes and penalties. Allow NASH FINANCIAL SOLUTIONS to provide you with the peace of mind in knowing that we will work with you to get you in full compliance with the law, while ensuring that you receive all of your deductions and pay the least amount of taxes under the US tax code. If you voluntarily file your delinquent taxes, you can avoid further problems, aside from having to pay the interest and penalties.
Nash Financial Solutions is licensed to represent tax clients in front of the IRS and can help you resolve your unpaid tax situation, so it’s no longer an albatross around your neck. Contact us today and set up an appointment with one of our qualified tax professionals.