Resolve Unfiled Tax Returns with City Tax
Failure to file a tax return is a significant offense, and the IRS can pursue criminal prosecution against individuals and organizations that fail to file on time. Sometimes, individuals may forget or make errors when filing taxes. In such instances, the IRS may file a Substitute for Return (SFR) on your behalf. However, it’s important to note that an SFR may not include all eligible tax deductions or credits.
As a result, refunds may go unclaimed in such cases. Additionally, you may face back taxes due to inaccuracies in your tax return. If unfiled tax returns are a concern for you, City Tax is the solution. As a top tax consultant, we provide comprehensive guidance and recommendations for resolving unfiled tax returns.
Filing an Overdue Tax Return
Failure to file a tax return can result in civil and criminal sanctions, although the IRS may consider certain exceptions. For instance, individuals facing financial hardship due to unforeseen medical or emergency expenses may struggle to file tax returns. Appealing to the IRS with valid reasons for unfiled tax returns can result in exemptions or reductions of fees and penalties.
City Tax specializes in resolving disputes related to unfiled tax returns with the IRS. Our team provides expert guidance by assessing the reasons behind your unfiled tax returns, helping you avoid hefty fines for non-filing. Additionally, we understand that mistakes in selecting the correct form can result in unregistered tax filings. We thoroughly audit all your tax return files and promptly identify any unfiled returns to address any outstanding taxes.
Reclaiming Refunds from Unfiled Tax Returns
Many individuals fail to file tax returns due to various reasons such as financial hardships, health issues, family matters, and more. However, failing to file tax returns on time can result in the forfeiture of any potential tax refund. The IRS typically allows a deadline of three years to claim an unclaimed tax refund. After this period, the refund is no longer available. At City Tax, we assist in identifying any unfiled tax returns to ensure you do not lose out on potential refunds. Claiming refunds in a timely manner can also help in settling federal debts and back taxes, if applicable. Contact us today to identify any unfiled tax returns and avoid hefty penalties and potential criminal charges imposed by the IRS.