Past Due Tax Returns

While you are getting your information together to do your current year tax returns, take some time and collect documents for the tax returns that you did not file in previous years.  There is no time like the present to take care of these.

The IRS always catches up to those who have not filed their tax returns.  By filing these past due returns as soon as possible, you will stop the interest and penalty fees from accumulating.  If you can claim a credit or a refund on these returns, you must file your return to claim it within 3 years of the return due date.  If you have not filed your returns for a couple years and then file the current year’s return because you will receive a refund, you will not receive that refund until the past due returns are filed.

If you decide not to file a past return, the IRS will eventually file a substitute return for you, using their limited information about you.  You may not get credits, exemptions and deductions that you are entitled to receive. Penalties and interest will be included and a Notice of Deficiency will be sent to you.

Do yourself a favor, try to clean up your past due tax returns before the IRS steps in.  We can help.  Call us for an appointment.  We can help take that burden off your shoulders.

Todd Courser 810-245-0813