What To Do About Tax Returns Which Weren’t Filed Yet
In our society, we may come across some people who are not paying their taxes and you may e surprised to know that they have been doing these for a very long time already. What about those people who have never ever paid their dues to the tax collectors? So many wonder about what will be the statute of limitations for unfiled tax returns. There are some people who might be wondering about the existence of a statute of limitations for anyone who may not have paid their taxes for a long time or for those who have never paid at all. There are a few cases wherein the taxpayer files for bankruptcy but they still doubt about the amount they owe to the tax bureau. Just because they have skipped paying their dues to the government for a long time, people are not that courageous enough because of fear that they will go to jail.
Right after reading this article, you will be able to familiarize what you must know about taxes.
1. Supposedly, I didn’t file any tax returns for many years already, does it mean that I still have to pay for those years that I skipped?
There would e no other options aside from paying once the tax bureau have an existing substitute filed return for you but in any case, hiring a tax return attorney can also make your payments negotiable.
Is there a need for me to apply for a tax return even though I can’t afford to pay my taxes?
No other options but to file since if you don’t and when the IRS will know about it, you can be considered as a criminal and may spend more time in jail. Some people considered this point as a good timing when filing their revenues because of the Reasonable Collection Potential (RCP).
If I have some unpaid debts in the IRS, will they still allow me to get or renew my passport?
Once you violated the IRS, your passport may be subject for cancellation but if you didn’t violate any policy then you are still entitled to get your own passport. So in order for you to have your passport valid again, try to pay your dues and other requirements first.
File your tax returns now to avoid any penalties and jail time.
Source: Tax Return