Florida & Nationwide Unfiled Taxes Attorney
If you are a citizen of the United States and you make an income, you are probably required to file taxes. Some people think that not filing taxes is a better idea than filing taxes in the case that they cannot afford their tax bills; however, the opposite is true – it is always within your best interest to file your taxes if you have a legal obligation to do so. In fact, if you file your taxes but cannot afford your tax burden, the IRS will usually work with you to develop a payment plan. On the other hand, if you simply try to cheat the IRS by refusing to file, harsh penalties may be assessed. Contact our experienced Florida unfiled tax attorneys today for assistance.
The Consequences of Unfiled Taxes
The consequences of not filing your taxes extend beyond just your financial picture. In fact, potential ramifications of unfiled taxes include:
- Late penalties. The IRS will likely assess a fee (based on a percentage of your total tax burden) for every month you are late on taxes. The cap is 25 percent.
- That’s right – you can be arrested and charged for failing to file your taxes. You do not want to spend time in prison because you did not file your taxes.
- Liens and levies. If you continue to not file and pay your taxes, the IRS will do everything it can to recover its money. This will likely include putting liens and levies against your assets, including garnishing your wages or seizing your property.
In addition to the above, you may lose your tax refund. Both individuals and business owners who fail to file will likely to penalized if discovered.
What Will Happen When the IRS Finds Out
There are some people who slip through the system and get away with not filing their taxes. However, these cases are few and far between; with electronic record keeping for nearly everything in today’s world, escaping the IRS is nearly impossible. If the IRS finds out that you have not paid your taxes, they will contact you – typically by mail – requesting that you file your tax returns (and pay) within a 30-day time period. In some cases, an agent of the IRS may even visit you in person. Furthermore, the IRS may bring in a criminal investigator to help them press charges against you.
Do Not Be Stuck with the Penalties of Unfiled Taxes
Remember, it is always within your best interest to file your tax returns, even if you cannot pay the amount owed at the time of filing. If you have received notice from the IRS that you have not filed your tax returns are you are requested to do so, our tax attorneys can help.
At the office of Ronald Cutler, P.A., we are ready to go to work for you. We offer after hours consultations, as well as consultations on the weekend. Call our Florida unfiled tax attorneys today for your free case review at 386-490-9949 .