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simplifies the
process of filing a past due return.
Taxpayers should file all tax returns that are due, regardless of whether
or not full payment can be made with the return. Depending on each individual’s
circumstances, a taxpayer filing late may qualify for a payment plan, negotiations
for an Offer In Compromise, penalties and interest abatement. All tax solutions
options require continued compliance with all filing and payment responsibilities
after the plan is approved.
Delinquent returns are often more closely examined
by the IRS. For that reason, along with others, the preparation and filing
of a delinquent tax return requires an extra level of care and accuracy. While
there are many reasons why a taxpayer may not file a tax return, you need
to be aware that failure to file tax returns may be construed
as a criminal misdemeanor and potentially a felony. This
type of criminal act is punishable by one year in jail and $10,000 for
each year not filed. If you fail to file a Federal tax return, when
you are required, or if you have unfiled tax returns you can face penalties,
interest, and other actions by the IRS. With regards to State tax consequences,
each state is different but there are some similarities in the
collection process. Tax liens, tax levies, and penalties are utilized
by states as well as the federal government to leverage and enforce collection
of past tax debts.
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Rockville, Maryland (Washington
DC Metro Area)
17 W. Jefferson Street, Suite 2, Rockville, MD 20850
Phone 240-403-0845, Fax 301-754-3638
e-mail: |
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Frederick | Prince Georges County | District of Columbia | Northern Virginia | Montgomery County (MD) | Baltimore (MD) | Fairfax County (VA) | Prince William County(VA) | Loudoun County (VA) | Howard County | Fort Washington (MD) | Anne Arundel | Arlington (VA) | Bethesda (MD) | Germantown (MD) | and Stafford County (VA) | Atlanta GA | Dallas Texas. |
