Have not filed your taxes for the past two, three, four, or more years? Its 2022 and definitely time to TAKE ACTION NOW! Here are two good reasons: (1) You will minimize penalties and interest, and (2) You will keep the IRS from going into a collection enforcement mode, assuming they have not already done so. Once enforced collection procedures kick in, do not expect the IRS to be sympathetic.
The very WORST thing you can do is ignore IRS notices. Once a series of computer-generated notices have been issued, ignoring them will trigger enforced collection procedures without any human intervention from an IRS employee. Your wages could be subject to an IRS levy, which could potentially cost you 50% of your take-home pay.
A Word About Fraud
Keep in mind, that simply not filing an income tax return is not considered fraud. Committing fraud takes an act of commission. For example, intentionally making false or misleading statements or intentionally submitting false or misleading documents to the IRS would be considered an act of fraud and a fraud penalty would be justified. Not filing an income tax return is an act of OMISSION as opposed to COMMISSION and therefore, is not fraud.
Offer in Compromise (OIC)
If it is impossible for you to pay your tax liability within 24 months, consider filing an Offer in Compromise. If you qualify, you may end up paying a reduced amount to the IRS! That said, upon filing an Offer In Compromise with the IRS, the IRS will evaluate your circumstances. If it concludes that your offer is equal to or greater than the reasonable collection potential, you may be in luck.
In closing, it is 2022 and time to get your IRS tax issues resolved and get all your unfiled tax returns to the IRS. For professional assistance with any tax issues, immediately contact the experienced tax professionals at D Tax Solutions at https://www.DTaxSolutions.com or 888-578-9568. The D Tax Solution tax professionals can give you immediate protection from IRS wage garnishments, bank levies and property seizures. Get those tax returns filed … and contact D Tax Solutions for all your IRS or tax needs!