Failure to File Tax Returns & Workable Solutions
Failure to file a tax return is a misdemeanor offense punishable with substantial monetary fines and the potential to be incarcerated for up to a year. Felony charges are possible when multiple years of returns have not been filed and can result in several years of incarceration. No matter how much you owe, our firm is uniquely positioned to reconstruct your records and books to enable us to file delinquent returns on your behalf.
At Freeman Tax Law, we provide you with legal options to avoid criminal prosecution and resolve your outstanding tax obligations with the IRS and state taxing authorities. If you have received a notice for a missing return, you must move quickly to prepare for a pending audit or investigation. If the IRS has not yet contacted you, and you know you have not filed tax return(s), our firm can assist you in returning to compliance through a voluntary disclosure process with the IRS and various state and local taxing authorities.
Contact us immediately for an initial consultation, during which we will discuss options to resolve your tax problem.
Options Available to Protect and Help You
Our team of attorneys, former IRS agents, reconstructive accountants and other qualified professionals often collaborate in the following:
- Reconstructive accounting: With or without records, our team of reconstructive/forensic accountants are capable of producing tax returns to file on your behalf.
- IRS Voluntary Disclosure Program: The IRS and state taxing authorities have voluntary disclosure programs through which you can avoid criminal prosecution, monetary penalties, and possible incarceration.
- Offer in Compromise (OIC): Settlement of your tax liability for less than the amount that you owe.
- Installment agreements: A variety of full pay and partial pay options are available and can be negotiated on your behalf.
- Currently non-collectible status: When circumstances make it impossible for you to pay back taxes, our attorneys pursue a settlement where you do not have to pay.
- Penalty abatement/waiver: Depending on your unique situation, i.e. medical conditions, family issues, destruction of records, theft, etc., penalties and penalty related interest can be removed from your existing tax liabilities.