Unfiled Tax Returns? Don’t Panic, Here’s the Fix
So, you haven’t filed your taxes, and now you're freaking out. Maybe life got busy, or maybe you just kept putting it off, thinking you’d get to it later. But now, tax season has rolled around again, and you’re wondering—what happens if you don’t do anything? Will the IRS come knocking? Can you still fix it?
First of all, take a deep breath. Unfiled taxes aren’t the end of the world, but ignoring them won’t make them go away. The good news? You have options. Here’s what you need to know and how to get back on track.
Why You Shouldn’t Ignore It
It’s tempting to pretend the problem doesn’t exist, but that’s not a great plan. If you have unfiled tax returns in San Jose, the IRS might eventually notice and file something called a “substitute return” for you. The problem? They won’t include deductions or credits you might qualify for, which could mean you owe way more than you should. Plus, penalties and interest keep adding up the longer you wait.
Filing now—before the IRS catches up with you—can help reduce the damage and even lower what you owe.
What Happens If You File Late?
If you’re dealing with late tax returns in San Jose, you might be wondering what kind of trouble you’re in. Here’s the deal:
If you’re owed a refund, you won’t get hit with penalties, but you could lose your refund if you wait too long.
If you owe taxes, penalties start adding up right away—both for filing late and for not paying on time.
The IRS may send notices, charge interest, and even take action like wage garnishments or liens if you ignore it for too long.
The sooner you file, the better. Even if you can’t pay everything right away, filing now will stop some of the penalties from getting worse.
Can You Set Up a Payment Plan?
Worried about how much you might owe? The IRS isn’t as scary as they seem when it comes to payment options. If you can’t pay everything upfront, you might be able to set up a payment plan. This allows you to pay off what you owe over time without facing aggressive collection actions.
It’s much better to file and set up a plan than to avoid the IRS altogether.
When to Call a Tax Lawyer
If your tax situation feels overwhelming, you don’t have to handle it alone. A tax lawyer in Oakland can help you figure out the best way to deal with your unfiled returns, negotiate with the IRS, and possibly reduce what you owe.
A tax lawyer knows all the legal options available to you and can help protect your rights. Whether you’re facing penalties, audits, or just need guidance on filing past-due returns, getting professional help can make a big difference.
Get Back on Track Today
Filing late taxes isn’t fun, but it’s not as bad as you might think. The worst thing you can do is ignore it and hope it goes away—it won’t. The sooner you take action, the easier it will be to fix.
If you need help sorting it all out, Tax Helpers is here for you. Get expert advice and professional support to tackle your unfiled tax returns the right way.
Visit Tax Helpers today to get started!
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What Are the Risks of Ignoring Unfiled Tax Returns?
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