| Millions of American a year face back taxes. This | | | | supporting any deductions you claim. IRS form 4852 |
| article describes the 4 steps that a taxpayer must | | | | can be used to substitute W-2’s if you cannot |
| follow in order to become into "compliance" with the | | | | obtain from the IRS or employers.< |
| IRS. In other words, these are the guidelines in order | | | | Find a Good CPA, Tax Attorney or Enrolled Agent |
| for a person to pay back taxes, because taxes | | | | Once you have obtained all the documents you can |
| cannot be resolved unless they are first filed. Filing | | | | obtain, speak with a tax professional. When hiring a tax |
| back taxes can be tricky and to ensure it is done | | | | professional it is best to work with a tax company that |
| properly there are a few guidelines you should follow. | | | | can file back taxes for you and negotiate. You will |
| Pat yourself on the back because you are beginning | | | | likely obtain the best outcome if you have the same |
| the process of filing your back taxes. If you do not file, | | | | company filing and helping you handle any taxes owed |
| your IRS problems will continue to rise. People who | | | | that you cannot pay. |
| think the IRS will not figure out they did not file, they | | | | Work with the Tax Firm you Chose to File Back |
| are wrong. Ignoring the IRS or failing to file unfiled | | | | Taxes |
| returns will eventually lead to forced collections that will | | | | You only have to complete back tax returns for the |
| create severe financial strain. | | | | last seven years. Your tax filing professional will |
| Prepare Documents | | | | contact the IRS to let them know you will be filing back |
| Gather required tax return information needed to | | | | taxes. Filing normal tax returns for each unfiled year |
| prepare tax documents. If the IRS finds you | | | | will get you into normal standing with the IRS. There will |
| didn’t file a return or returns and decides not to | | | | be fees associated with hiring a tax expert but in the |
| prosecute or take legal actions they are likely to file a | | | | grand scheme of things these charges are well worth |
| tax return for you if you do not complete on your own. | | | | the money you will save. Once taxes are prepared |
| If the IRS does this, you can be assured they will not | | | | and sent to the IRS, you will know how much you owe |
| give you any deductions you normally take and you will | | | | the IRS or how much the IRS owes you. |
| have a higher amount owedthan if you were to | | | | Decide best Method to Pay IRS Tax Debts |
| voluntarily file on your own will. If the IRS has already | | | | If you can’t pay the taxes owed, work with tax |
| done this then you need to gather old tax return | | | | relief firm so they can examine your financial position |
| information to alter their return and you need to notify | | | | to find the best payment or settlement method for |
| the tax expert you work with know that the IRS has | | | | you. Depending upon your money state you can |
| submitted a tax return for you. The return the IRS files | | | | choose to pay the tax debt over an extended period |
| will need to be modified to make sure you get all the | | | | of time through an installment agreement or you may |
| deductions you are allowed. If you can’t find | | | | be able to resolve your tax debt for less than the tax |
| required tax documents, it is best to contact the | | | | amount owed by applying for an offer in compromise, |
| Internal Revenue Service to get all of the required | | | | declaring financial hardship or setting up a partial |
| paperwork you will need to file. When you file you | | | | payment plan. |
| need W-2’s as well as other documents | | | | |