Are you nervous about filing late taxes this year? The financial hardship, penalties and possibility of being criminally charged must be such an emotional burden to carry. While it is paramount to get your late taxes in order, you should not rush into the process. You need the help of a tax accountant like ClienTax. Our team of experienced and knowledgeable CPAs will assist you in minimizing your liabilities, avoid disputes with the IRS and reduce any additional penalties which you may owe. You may think your situation is hopeless, but do not give up. Our team will work with you to locate any missing information needed to properly file your late taxes and research for tax deductions to help reduce your tax responsibility.
Late Taxes
Why Choose ClienTax
To Help Help With My Late Taxes?
Experienced
We've helped many individuals navigate through the process of filing late taxes
Excellent Customer Service
Our team is patient, friendly and knowledgeable. We will support you throughout the entire process
Highly Reputed
Great reputation on Angies List, Yelp, Google & Thumbtack
Affordable
We charge nominal fees
*time begins once all the pertinent and requested materials has been received
FAQ - Frequently Asked Questions
What are the consequences for not filing a tax return?
When you don't file your taxes, the IRS charges 5% of your tax due as a penalty. It is assessed every month with a maximum failure to file penalty of 25%. If you are entitled to a refund, you won't get it. You also lose the chance to roll losses from that year to future years, and if you file bankruptcy, you can't include tax debt unless you are up to date on your filing obligations. In a worst-case scenario, you may face jail time and fines up to $25,000.
Are my tax penalties deductible on tax return?
Tax penalties are never deductible on a tax return. However, interest on tax debt can be deductible if it's for business taxes.
Ask a Question
Use the form below to ask a question
