Before you do all those back tax returns there are a few things to consider. There are two important issues that can cost you or save you a lot of money. One is which returns have to be filed and the other is the sequence in which they are filed. Both of these strategy issues can mean a lot of money to you.
Do You Have To File All Those Years of Returns?
When it comes to filing back tax returns there are a few things you need to know. First, is you may not need to file all those years of returns. It depends on your situation but don't file all 10 or 20 years of returns when you probably don't need to file all of those. Instead contact me and let's talk about your situation and probably save you both time and money.
Does It Matter What Sequence You File Those Returns In?
The other thing you need to know before filing all those back tax returns is it may be extremely important in what sequence you file the tax returns. If you qualify for an Offer in Compromise it may be extremely important which tax returns you file first, the state or the federal. Again this may cost you money if you file without a strategy. Before you file all those returns contact me to schedule an appointment to discuss your situation and start working on a strategy to save you money.
There is strategy involved with filing back tax returns and knowing what strategy to pursue is worth a lot of money to you. Perhaps a lot more than you would pay me to help you deal with your situation. Taking care of back tax returns and taxes can be stressful. Don't go it alone. Get the help of an experienced tax professional who understands the strategies involved. You will be glad you contacted me.
Contact me today and let's get started with developing a strategy to address your back taxes and keep you from paying more than you have to. I help people get caught up with filing tax returns and help them make arrangements with the IRS to pay those taxes. So contact me today using my email address below to contact me about arranging an appointment for a consultation and let's get going.
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Be careful when reading about tax law and its application, including my articles, because the wording and definitions are such a challenge and are influenced by writers perspective, specifically his own clients situations that he is mindful of and other situations the writer is not thinking of. The point is talk to your CPA about your situation and circumstances and don't rely on or make conclusions based on articles you read, including articles form irs.gov, because concepts and definitions are not very clear, and of course, they are subject to change. Now is the time to be having discussions about your situation and developing strategies for you and your business. Again, contact me using my information above to discuss your situation. I help business owners all over the U.S. and in foreign countries with their tax returns.