Preparing for an Audit in Galt CA

by | May 2, 2014 | Accountants

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People choose not to file taxes for a variety of reasons-;some deal with business and personal issues, and others simply forget. Tax evasion (failure to file) is a crime prosecutable by the IRS, and it can come with severe penalties. If you Visit the website you will learn about filing taxes after failing to do so for years.

If you Haven’t Filed in Years

1. The IRS may not prosecute you for tax evasion if you come forward voluntarily, and ask to make arrangements to pay what you owe.
2. In most cases, the Internal Revenue Service will not force you to file a tax return six years or older.
3. You may be owed money.
4. It is possible to negotiate with the IRS, depending on your financial situation. Such negotiations can substantially reduce your tax debt.
5. Hiring a tax lawyer means that you probably will not have to deal with the IRS directly.
6. Tax professionals can locate copies of documents such as 1099s and W-2s even if you cannot do so.
7. You are more likely to face charges if any of your income is from an illicit source.
8. How the IRS can Make Your Life Difficult
9. To be convicted of tax evasion, it is not necessary for the IRS to prove your exact amount of debt.
10. The IRS can legally collect penalties and interest on all delinquent taxes, even further back than six years.
11. The Internal Revenue Service has implemented programs to find those who evade taxes.
12. Collection time and
13. Audit Galt CA
14. limits begin with the return’s filing date.
15. If you neglect to file year after year and ignore the IRS’ attempts to contact you, the likelihood is high that you will be prosecuted.

Hiring a Tax Attorney

If you have not filed a tax return for several years and do not know what to do, there is no reason for panic. One of your first steps should be to consult a tax attorney for advice. Lawyers can help you assess your tax debt, and they can negotiate with the IRS for you, resolving your case in a way that is within your best interests.