Pro Tax Solvers understands that dealing with unfiled tax returns can be a daunting task, but it's crucial to get it right. Our experienced team is here to provide you with the clarity and urgency you need to navigate this challenging situation with professionalism and expertise.
Key Considerations When Dealing with Unfiled Tax Returns:
1. Strategic Approach:
Not all unfiled tax returns need to be filed immediately. Our experts carefully assess your unique circumstances to determine which tax years require attention and which may not. We prioritize your financial well-being and ensure you don't add unnecessary balances to your tax debt.
2. CSED and IRS Actions
We pay close attention to the Collection Statute Expiration Date (CSED) and any actions taken by the IRS on your behalf. Filing returns when it's not required can extend the IRS's collection period, resulting in more significant financial burdens.
3. Maximizing Benefits:
When filing old tax returns becomes necessary, we aim to maximize your benefits. If the IRS has calculated higher balances than you owe, we ensure your tax liability is accurate and fair.
4. State Tax Returns:
State tax requirements vary, and we understand the complexities involved. Our experts guide you through the process, ensuring you meet all necessary state tax obligations.
Avoid Common Mistakes:
One of the biggest mistakes we've seen in unfiled tax help is filing unnecessary returns. Inexperienced tax preparers may rush to file all missing returns without considering your specific situation, potentially making matters worse. At Pro Tax Solvers, we take a strategic approach, ensuring every action is in your best interest.
Real-Life Examples:
Example A: George's Case George had not filed tax returns for 11 years and sought our help in 2021. However, he had never received any letters from the IRS. Instead of blindly filing all the missing returns, we contacted the IRS to determine his filing requirements. As a result, Johnny avoided adding a $20,000 balance that he didn't need to pay.
Example B: Jake's Case Jake, a self-employed business owner, was facing tax bills for multiple years. However, he was unaware that the IRS had already prepared Substitute For Returns (SFRs) for some of those years. Our experts assessed Jake's situation and found that he only needed to file for specific years, saving him time and money.
Taking Action with Pro Tax Solvers
The next step is crucial – resolving your unfiled tax returns. You can trust Pro Tax Solvers to provide professional guidance, ensuring you don't file what you don't need to. We understand that the IRS may not be actively seeking you if you've had a stable address. Our team is ready to assist you, whether you need us to fix the situation for you or guide you in the right direction.
Don't wait! Contact Pro Tax Solvers today for a free consultation with our expert tax attorneys. We're dedicated to helping you resolve your unfiled tax issues promptly and efficiently. Call us at (702) 381-2425 or visit our Contact Us page to leave a message with one of our legal assistants via live chat.
