What are the consequences of not filing a tax return? Here are a few things to consider if you do not or have not filed.
opportunity for claiming a refund.
What should you do?
Regardless of your reason for not filing, file your tax return as soon as possible. You should contact us; 866.952.8999 for any assistance that we may
provide for you.
If you are unable to fully pay any taxes that might be due on late filing returns or any tax return, do not let this prevent you from filing as payment options are
Statutes of limitation
over payments of estimated or withholding taxes, to other tax years that are under paid. On the other hand, the statute of limitations for IRS to assess and collect
any outstanding balances does not start until a return has been filed. In other words, there is no statute of limitations for assessing and collecting the tax if no
return has been filed.
contributes negatively to our nations well being and revenue stream. Also, failing to file your tax returns can jeopardize you and your familys financial security and future.
See if you need to file by clicking here.
EITC (EARNED INCOME TAX CREDIT)
Individuals who are entitled to the Earned Income Tax Credit must file their return to claim the credit even if they are not otherwise required to file. The return
must be filed within three years of the due date in order to receive the credit. You must have earned income to benefit from this credit so determine your eligibility now by
answering these questions.
The most Overlooked tax deductions.
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