Tax time is here! It is bad enough just needing to file one tax return, but what if you have unfiled back tax returns and unpaid taxes? Having unfiled tax returns can be very stressful. The IRS can make your life miserable. They can garnish your wages, put a lein on your house, and even lock up your bank account so you can’t get at your money! Also, know that when you have unfiled tax returns, that tax year stays “open” and available for audit for up to 3 years after you do file your tax return. And every year you don’t file and pay your taxes, penalties and interest are adding up.
So what do you do if you have back taxes and unfiled tax returns?
Filing back taxes is not something you want to do on our own. There are ways to reduce your IRS tax debt, but you have to know the best way to approach the IRS. At the very least you should do some research about all the options available to you.
I have just found a site that can be a great resource. Back Tax Help has an extensive amount of content that you can use to research your particular tax problems. What I really like is they have a number of guides that will walk you through filing back tax returns and paying unpaid taxes. If you don’t have time to do the research, or you don’t want to go it alone, they also offer professional services to help you with your tax problems. So don’t wait any longer. Make this the year you file your back tax returns and get rid of that stress forever.