Each Day You Delay, Your Unfiled Taxes Cost You More
Protect your paycheck and savings from IRS seizures. Experts from all 50 states at Bowes & Sullivan will resolve your unfiled taxes fast, stopping penalties before they grow bigger.
If You have Unfiled Taxes
You Could Miss Out on Your Tax Refund
If you’re owed a tax refund, you have three years to file your return and claim it. Miss that window, and you lose the refund. You’re letting the government keep your money longer than necessary.
You Could Miss Out on Free Tax Benefits
Not filing taxes means you could miss out on valuable tax credits like the Earned Income Tax Credit (EITC) or the Child Tax Credit (CTC). Even if you don’t owe taxes, you might still qualify for refunds that put money in your pocket. Filing ensures you get every benefit available.
You Could Owe the IRS Penalties and Interest
The IRS won’t ignore late returns. If you don’t file, you’ll face the Failure to File penalty, which is 5% per month of the unpaid amount, up to 25%. If you file but don’t pay, they’ll add a 0.5% per month penalty. Plus, the IRS charges 7% interest, compounding daily. These penalties grow fast.
You Could Face an IRS Tax Levy or IRS Tax Lien
If you don’t pay what you owe, the IRS can garnish your wages or take money from your bank account under the Federal Payment Levy Program (FPLP). They can also place a tax lien on your property, making it harder to sell or refinance and damaging your credit.
You Could Incur Criminal Charges
In rare cases, failing to file could lead to criminal charges for tax evasion. While jail time is unlikely, it’s still a risk you can’t afford to take. The IRS investigated 2,550 cases in 2022, and serious offenders faced up to five years in prison.
10 Million Americans Fail to File Taxes Every Year
Don’t be one of them; let us help you file and avoid penalties
Filing Past Due Returns
Our Georgia Tax Attorney assists in filing your overdue tax returns while ensuring you maximize deductions and credits, lowering your tax bill.
Installment Agreements
Set up a payment plan with the IRS to spread out your back taxes payments. We’ll guide you through the process to make sure your payments are affordable based on your financial situation.
Offer in Compromise
If you qualify, our IRS Tax Consultant will provide unfiled tax returns help by applying to reduce your total tax debt, offering a lower payment amount that the IRS may accept based on your financial circumstances.
Currently Not Collectible Status
If you're facing financial difficulties, we can provide unfiled tax help by applying for Currently Not Collectible (CNC) status, which temporarily pauses IRS collection efforts until you’re able to pay.
Penalty Abatement
We can help you request relief from penalties for late filing or payment, potentially reducing what you owe and saving you from additional charges.
File Your Unfiled Tax Returns with Bowes & Sullivan
Avoid growing IRS penalties and safeguard your future with expert tax assistance. Our tax attorneys are ready to help you address unfiled tax returns before the snowball into a bigger problem.
Do I Have to File a Return for Every Year I Missed?
If you’ve missed filing taxes for several years, you might wonder if you need to file for each of those years. The answer depends on your situation.
The IRS has specific rules on who needs to file a return each year, based on income thresholds and types of taxes owed, like self-employment tax.
If your income was above the required threshold for any missed year, you must file for that year. However, if your income was below it, filing might not be necessary—though you may still want to file if you’re due a refund.
For Example→ You haven’t filed taxes for five years, and your income varies each year. In 2016, you earned $20,000, in 2017 it was $2,000, in 2018 it rose to $30,000, in 2019 it dropped to $5,000, and in 2020 you earned $25,000.
Based on IRS rules, you would need to file tax returns for 2016, 2018, and 2020 because your income exceeded the filing threshold for those years. However, in 2017 and 2019, your income was below the threshold, so you wouldn’t need to file unless you’re owed a refund.
It’s important to know that there’s no time limit for the IRS to pursue unfiled tax returns. Even if you haven’t filed for 20 years, the IRS can still go back through any of those years to assess taxes if you owe.
How to Resolve Your Unfiled Taxes?
There are two main ways to resolve the issue. The first option is to file your missing returns as soon as possible. This will stop penalties and interest from increasing and help you move towards resolving your tax debt.
Another option is to work with Bowes & Sullivan.
We can provide unfiled tax returns help, negotiate with the IRS on your behalf, and set up a payment plan or settlement that fits your financial situation. We’ll also ensure you claim all available deductions and credits, potentially reducing the total amount you owe.
Don’t Wait for Another Letter!
Make the first move by filing your overdue returns today and turn uncertainty into action with expert guidance from Bowes & Sullivan
Frequently Asked Questions
The deadline for filing a tax return is generally April 15th of each year. However, if April 15th falls on a weekend or holiday, the deadline is extended to the next business day.
If you earn income above a certain threshold, you are required to file a tax return, regardless of the amount. The income threshold varies depending on your filing status, age, and other factors.
Yes, you can still file a tax return even if you have lost your W-2 or other tax documents. You can request a copy of your W-2 from your employer or use Form 4852 to estimate your income and withholding.
The deductions and credits available to you depend on your individual circumstances. Some common deductions and credits include the standard deduction, itemized deductions, the child tax credit, and the earned income tax credit.
You should keep your tax records for at least three years from the date you filed your tax return. If you file a claim for a loss from worthless securities or bad debt deduction, you should keep the records for seven years.
Yes, you can file your tax return electronically using tax preparation software or through a professional tax preparer. Filing electronically can be faster and more secure than filing a paper return.
If you receive an IRS notice, it is important to take it seriously and address it promptly. Ignoring the notice can lead to more serious consequences, such as penalties, interest, or even legal action. Our firm can help you understand the notice and take the necessary steps to resolve any issues with the IRS.
If you don’t agree with the information in the notice, you have the right to dispute it with the IRS. Our firm can help you prepare and file any necessary paperwork to contest the notice and work with the IRS on your behalf to find a resolution.
Yes, it is possible to negotiate with the IRS to settle your tax debt through an offer in compromise or installment agreement. Our firm can help you determine which option is best for your situation and guide you through the negotiation process.
If you can’t afford to pay your tax debt in full, you may be able to set up a payment plan with the IRS. Our firm can help you explore your options and work with the IRS to set up an installment agreement that fits your budget.
If you received a notice for missing tax returns, it is important to file the missing returns as soon as possible to avoid further penalties and interest. Our firm can help you gather the necessary information and file any outstanding tax returns.
Yes, the IRS can garnish your wages or bank account to collect unpaid taxes. However, they must follow certain procedures and give you notice before doing so. Our firm can help you understand your rights and work with the IRS to find a solution before they resort to garnishment.
Our firm offers affordable payment plans and free consultations to help you get the assistance you need without breaking the bank. Don’t let financial worries prevent you from seeking help with your tax issues. Contact us today to learn more about our services and how we can help.
