If you are behind and need to file several years of tax returns then this might be a picture of you. At least that is probably how you feel.
First Thing You Need to Know
The first thing you need to know is it is probably not as bad as you think. I have often seen the face pictured above only to find things were not as bad as my clients thought. Several times they came in with IRS notices about how much they owe, only to find out they actually got a refund. You may or may not have a refund coming but the only way to find out is to move forward with preparing those returns.
What is Worst Than Not Filing Your Returns
The worst part is the burden you carry knowing that you are required to file those returns. Burdens, like these, keep you from being you and from being as productive as you can be. In addition, the worrying can literally make you physically sick. So let's take care of those burdens.
Get Some Help
Most in this situation need help just getting motivated to get everything together so I can prepare their returns. The key is getting started. Can you say 1 - 2 - 3 Go? Once you get started the burden starts to lift off your shoulders. You just need someone to remind you or get on you to get moving to free yourself up from this mess. That is where I come in. But to help you, you need to contact me to get the process started.
In some cases, we may need to request transcripts from the IRS to get the tax information that others have submitted for you. In other cases, it is a matter of going through bank and credit card information to get your business income and expenses. Either way, it can be done, so let's get started.
Penalties and Interest
Yes, you may owe penalties and interest for past due amounts but not if you don't owe any taxes or get a refund. So let's get your returns filed to find out. There may even be some remedies for penalties once you are current with your tax returns.
What if I Owe and Can't Pay The Amount Due?
First, we have to prepare your returns to find out what the results are, so let's start with that. But know that you have options to deal with any amounts that you might owe. One, you may be able to arrange payments with the IRS. Two, you may qualify for an "Offer in Compromise" where the IRS will consider reducing the amount you have to pay based on your circumstances. Either way, guess what, we have to prepare all your tax returns before those options can be explored with the IRS.
Get Some Relief
Get some relief by calling me, The CPA Superhero, today to get the process started. You can email me at email@example.com to arrange an initial conversation to discuss your situation. Remember, while this seems like a really bad situation to you, I have been through numerous times and I can help you. So contact me today.
Jeff Haywood, CPA
The CPA Superhero