Unfiled Tax Returns in Los Angeles
& Finding a Lawyer for Unfiled Tax Returns
Unfiled tax returns are a common problem in Los Angeles that cannot be taken lightly. The consequences of not filing your taxes can be severe and far-reaching, impacting everything from your credit score to your ability to get a loan or mortgage in the future. This is why it is critical to understand what unfiled tax returns are, why they happen, and what you can do about them.
What are Unfiled Tax Returns?
Unfiled tax returns are simply tax returns that have yet to be submitted to the Internal Revenue Service (IRS) by the due date. This happens to California residents for many reasons, such as forgetting to file, being unable to pay the taxes owed, or simply being overwhelmed by the tax preparation process. Regardless of the reason, the outcome is the same: The IRS considers you to be in violation of the law. However, once it is clear an individual has missed the filing deadline, the IRS has several measures it can take to collect any taxes owed that can inconvenience and burden the taxpayer more than the initial filing process ever would have. Connecting with a federal tax attorney, can help taxpayers understand their IRS options when filing past-due returns and getting back on track with the IRS.
Consequences of Not Filing Taxes
The consequences of not filing your taxes are far-reaching and severe. The first and most obvious consequence is that you will owe penalties and interest charges on any taxes you owe. In addition, not filing your taxes can hurt your fragile credit score, making it more difficult for you to obtain loans or mortgages in the future. This can extend the burden of your original tax debt for years to come, impacting how you and your family can achieve other life milestones. Finally, if the IRS decides to take legal action against you, the consequences can be even more severe, including wage garnishment, bank account levies, and even jail time resulting from IRS tax evasion.
What to Do if You Have Unfiled Tax Returns
If you live in Los Angeles and have unfiled federal tax returns, it is vital to address the issue as soon as possible. The first step is gathering all the necessary information and documents, such as W-2 forms, 1099 forms, and other income-related documents. You will also need to collect information on any relevant deductions, such as charitable contributions, mortgage interest, and medical expenses.
Once you have all the necessary information, it is time to file your taxes. You can do this by mail or online, and the IRS provides various resources to help you, including online tools, calculators, and tax preparation software.
If you owe taxes and do not have the financial means to pay the full amount, it is important to contact the IRS to discuss your options. In some cases, the IRS can offer you a payment plan or other IRS tax resolution to help you address your unfiled tax returns. Working with a federal tax attorney who has access to enrolled agent, CPA’s and tax preparers can also be beneficial, as they can assess your specific burdens and uncover potential areas where you may be eligible for relief.
Whether or not you owe IRS back taxes, staying in contact with the IRS and keeping up with any payments or correspondence is important. Ignoring the problem will only make this tax violation worse and can result in additional penalties and interest charges. Tax evasion is a federal offense, and the more it appears that you are deliberately avoiding your taxes, the greater the risk you face of potentially facing criminal charges. Proactively addressing unfiled tax returns and working with a knowledgeable federal tax attorney and their team can help you protect yourself, your finances, and your future.
Delia Law Can Help With Unfiled Tax Returns in Los Angeles, California
At Delia Law, we believe that everyone deserves a second chance to get their finances back in order. So if you’re feeling overwhelmed by unfiled tax returns, our skilled team of tax professionals and federal tax attorneys is here to help.
Why You Should Always Consider Hiring a Federal Tax Law Firm
With a focus on personalized attention and tailored solutions, we’ll work with you every step of the way to resolve your unfiled tax returns and put the past behind you. From IRS payment plans to IRS legal representation, we have the knowledge to help you overcome even the most complex IRS tax issues.
No matter what your situation may be, our team at Delia Law is dedicated to finding the right solution for you. Contact us today to get started.
