Taxpayers who fail to file their taxes for one or more years often find themselves with penalties, interest, and anxiety.
What happens if you have Unfiled Tax Returns?
The IRS requires you to file your taxes by April 15th, most years. If you don’t file your tax return, you may receive penalties & interest.
Late penalties
The IRS will assess penalties equaling 5% of any unpaid taxes for every month that a balance goes unpaid; maxing out at 25%. Talk to an experienced advisor if you need to file.
Remember, an extension is only to file. Not an extension to pay.
Do You Have Unfiled Tax Returns? Goldmine Tax Can Help
Goldmine Tax can prepare past returns timely. Let us know as soon as possible, to avoid compounding interest. We might also find out about any missing tax years during our comprehensive analysis.
Goldmine Tax helps you collect all the essential information to file your unfilled returns. We reach out to the IRS to ask for your wage and income transcripts, complete your return accurately, and submit it to the right IRS unit.
