• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
 
 
What To Do Before the October 15
th
Tax Extension Deadline if You Need Tax Help for Unfiled Tax Returns or IRS Back Taxes
Can’t afford to pay your taxes? If you want to save yourself from owing additional back taxesand IRS penalties, you've got until the October 15th tax extension deadline to get the tax help you need from an expert CPA, tax attorney or tax resolution specialist. If you don’t have moneyto pay the IRS or need help filing delinquent tax returns, know how to avoid IRS problems.
If you filed for an extension to file your tax returns in April, your taxes must be filed by October 15. The worst thing in the world you can do is not file your income tax return on time becauseyou don’t have money to pay what’s owed! Here’s what you need to do, if this is your situation:File your tax return on or before October 15
th
and send it in with a money order or cashier’scheck for $10.00. This will ensure two hugely important things: 1.) It will take the IRS’s power away to assess a 25% failure to file penalty away, and 2.) it will create a computerizedrecord at IRS that you filed on time and made a good faith and credible effort to pay something.So those of your who have been procrastinating better wake up! And for anyone who can’tafford to pay your taxes come April 15th or October 15 – know that you’re not alone. It’s acommon problem and a lot of people end up in tax trouble because they don’t file their taxreturns on time even with an extension because they don’t have the money to pay.Here’s what you can do before the October 15 tax extension deadline if you have unfiled taxreturnsor IRS debt from back taxes:
•
Get a good tax attorney or tax resolution specialist.
You are in dangerous waters herewhere only an expert tax resolution specialist or tax attorney can help you. To get the  back taxes help you need, contact a tax attorney or tax resolution specialist. They are onyour side. The IRS is not.
•
You need a sense of urgency.
If you haven't filed your tax return before the April 15thdeadline, you need to file for an extension usingTax Form 4868, Application for Automatic Extension of Time To File U.S. Income Tax Return. Not filing your taxes isthe worst thing you can do because you can incur a 25% failure to file penalty right off the top. Failure to file tax returns may be construed as a criminal act by the IRS, punishable by one year in jail and $10,000 for each year not filed.If you haven't filed for this year, even after April 15th tax deadline you can still file for atax extension using tax form 4868. A tax extension provides tax help because it can stop
 
6345 Balboa Blvd, Suite 285Encino, CA 91316Phone: (866) IRS-PROBLEMS or (818) 774-1813Fax: (818) 774-9361Web: www.TaxResolution.com
 
the "failure to file" penalty clock before it reaches the maximum. Get tax helpfrom a tax attorney or tax resolution specialist if you're tempted to file for October 15th taxextension after the April 15th deadline has passed. Only a tax attorney or tax resolutionspecialist can give you the tax help you need.
•
You need to whip out your checkbook, even if you can only pay $5.
The bad news isthat even taxpayers who received a tax extension for filing are not granted more time for the payment of taxes owed and may needincome tax relief .If you fail to pay your back taxes due, you will incur additional penalties for "failure to pay". Any tax attorney will tell you that to avoid back tax penalties and interest, ideallyyou should pay 90% of your estimated taxes when you file your tax form 4868 on April15th. To avoid additional back tax penalties, taxpayers should file by the deadline and pay as much as they can. You will still have a failure to pay penalty, but it's much less.Our tax attorneys tell our tax relief clients that no matter how much is owed, if theyenclose a check for $5 or $10 for back taxes with the return and file it on time, that’sgoing to give them tax help instantly because:1) Filing cuts down on the failure to file penalty, so you take that 25% penalty off the table.2) Writing a check for your back taxes creates a record at IRS that says youactually filed on time and they have to post that $5 or $10 back taxes check toyour account.
•
You need to discover quickly whether you owe the IRS more back taxes or you'redue for a refund.
If you overestimated your back taxes in April and paid the IRS toomuch, then you'll get a tax refund as soon as you file your full 1040 tax return, hopefullylong before the October 15th tax extension deadline.
•
You may need tax software to discover your IRS debt from back taxes.
By October all those discounted tax software boxes offering tax help will be long gone. A tax attorneyand tax resolution specialist will have the software you need going back a decade tocalculate both state and federal taxes. If you owe back taxes for more than one year, agood tax attorney or tax resolution specialist may be your only shot at getting the tax helpyou need.
•
You need to get your paperwork in order.
Filing an October 15th tax extension meansyou have more time to collect the final paperwork you need. If you have been the victimof a financial crime, a good tax attorney can go back and file amended returns that candrastically improve your back taxes problem.
•
You need to act quickly or the IRS will.
If you don't file a tax return by the October 15th tax extension deadline, the IRS may file one for you. If you don't get tax help from atax attorney, the IRS may prepare a "Substitute For Return" for delinquent taxpayers. It's
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...