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Didn’t File Taxes Last Year? Here’s What You Need To Do

A 1040 tax document with an overdue stamp on itIf you have neglected to file past taxes, you’ll be surprised it isn’t as stressful as it you might think.

However, the longer you wait to deal with paying your taxes and filing a claim, it just gets more expensive. It’s best to take care of it now. You’ll be so happy you did!

Even if you know you can’t pay all you owe, it’s best to make sure you file on time as you may qualify for a payment plan. However, paying by the due date is the way to go about paying the least.

And if it’s already late, here’s what you need to do:

  • You most definitely want to see a tax professional like us. We know just how to deal with situations like the one you’re in. Get together all possible tax information you have relevant to the year you need to file for and set up an appointment with us.
  • Then you need to make some sort of a payment when we file for you. Ideally, you’ll want to pay all that you owe. If not all, there are a few options such as an installment plan, an extension or perhaps a settlement.

Continuing to neglect filing your taxes can lead to serious enforcement actions taken by the IRS. We’ll take good care of you though. Let us help you through this time. Calling us now is the best first step you can take.

Do you have the support you need to manage your small business bookkeeping? Schedule a 30-minute appointment to speak with a local small business adviser.

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