ANSWERS: 1
  • People neglect to file income taxes for many reasons, most notably the inability to pay at a given time. However, these taxes may add up over the years and burden the taxpayer with a large sum that often cannot be paid at one time. While you probably won't go to jail for unpaid taxes, you may be fined a large sum or forced to pay back interest. Fortunately, coming forward and filing previous tax returns does not have to be a difficult process.

    Get Help

    The IRS understands that there are various reasons for which individuals do not file back taxes. Help is provided for such individuals to determine what will need to be paid and over what period, as well as which files and forms must be sent to the government to rectify the problem. Late filers may talk with an IRS agent over the phone, via e-mail or even in person to determine what options are available to them. The agent with whom you speak will answer any questions about the amount that you owe, how to file and how to afford such taxes.

    Do the Paperwork

    After you have received guidance from a reliable source, you must fill out and submit the forms necessary to file your taxes. Electronic filing options are available on the IRS website, with help on how to complete the forms. Your delinquent tax returns will be filed with the understanding that any balances will be paid off within a particular time frame. Certain circumstances, such as the death of a family member, military service and health issues may reduce the amount you owe or allow you a longer period during which to pay your taxes. Therefore, the forms should be dealt with completely and honestly.

    Payment Plans

    According to your unique situation, you may be required to pay your taxes up front, or you may get a break from the IRS. Payments may be made in one of three ways: by personal check, money order or a cashier's check. These must include important information, such as your social security number or EIN, the tax period for which you intend to pay, and the form number. Again, if payment is not an option while you file, you should talk to an agent to find out what options are best for you.

    Source:

    IRS.gov: Back Taxes Information

    IRS.gov: Back Taxes Information

    IRS.gov: Collection Financial Standards for Individuals and Back Taxes

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