According to tax expert Michael Rozbruch, if you have unfiled tax returns it is always better to file them - whether they're a couple days or a couple years late - than to not file them at all. Filing any tax returns that are due as soon as possible can help you resolve IRS back taxes and reduce additional interest and penalties.
"Taxpayers can run, but they can't hide from the IRS. And the longer you put off dealing with past due taxes, the more serious your IRS problems will be," said Rozbruch, founder and CEO of Tax Resolution Services, Co., a company that provides affordable solutions to people seeking income tax relief. "Failure to file tax returns makes you vulnerable to potential IRS collection tactics, such as a levy on your bank account, and may be construed as a criminal act by the IRS, punishable by one year in jail and $10,000 for each year not filed."
The average client at Tax Resolution Services has 4 to 11 years of unfiled tax returns. Their team of expert tax attorneys and Certified Tax Resolution Specialists also helps clients who owe IRS back taxes negotiate the lowest possible IRS payment amount allowed by law if they qualify.
"With the record federal deficit, Americans can expect more tax audits and increasingly aggressive collection tactics by the IRS. But the good news is the sooner you take care of your delinquent taxes, the less penalties and interest you'll owe." Rozbruch said. "Regardless of what you've heard, you have the right to file your original tax return, no matter how late it's filed. And you will need to file all delinquent tax returns before the IRS will even entertain any type of tax settlement like an offer in compromise or monthly payment plan arrangement."
Tax Resolution Services, Co. is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Their expert team of tax attorneys, CPAs, and Certified Tax Resolution Specialists has a success rate of 90% - second to none in the industry - and an Offer in Compromise Settlement Rate of $0.11 on the dollar. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call 866-IRS-PROBLEMS.