Unfiled, Back, Past Due, Late Tax Returns
Resolve Your Unfiled, Back, Past Due, and Late Tax Returns Today!
Unfiled, Back, Past Due, Late Tax Returns
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Do not worry, we can get you back in the system worry free!
We offer cost-effective solutions to file all your back tax returns, and if taxes are owed, we can negotiate an IRS tax settlement on your behalf.
MILLIONS HAVE UNFILED TAX RETURNS, 16 MILLION EVERY YEAR
Countless individuals, for various reasons, have not filed their tax returns, leading to a Tax Gap that is believed to be in the billions. Some calculations place it at $5 billion.
The term “tax gap” refers to those taxpayers who have neglected to file their tax returns and consequently owe money to the Internal Revenue Service. This situation often leads to a fear of filing due to concerns about potential actions by the IRS.
However, the government has a structured process to handle these issues, and we are here to guide you back into the system without fear concerning your IRS back tax problem. We can assist with filing overdue tax returns, address the back taxes, and begin resolving your IRS challenges today.
The Tax Gap Related to Unfiled Tax Returns
A new set of tax gap estimations has been released by the Internal Revenue Service. The tax gap is described as the total tax liability that taxpayers face but do not pay promptly. This updated estimate marks the first comprehensive review in five years, showing that the national compliance rate has remained virtually the same since the last analysis.
While the tax gap statistic provides insight into the magnitude of tax compliance and the continual sources of low compliance, it doesn’t adequately reflect the yearly variations in IRS programs or the annual returns on IRS service and enforcement efforts.
Unfiled, Back, Past Due, Late Tax Returns
THE VOLUNTARY RATE ( KEEP IN MIND THESE STATS ARE CURRENT BECAUSE THE TREASURY USES 10 YEAR AVERAGES )
The estimated voluntary compliance rate, which is the percentage of the total tax revenue paid on time for the tax year 2006, stands at 83.1 percent. This rate is statistically consistent with the previous estimate of 83.7 percent for the tax year 2001.
Comparatively, the tax gap closely follows the growth in total tax liabilities. Some increase in the tax gap estimate is also attributed to enhanced data and refined estimation techniques.
For instance, the IRS implemented a new econometric model to gauge the tax gap related to small corporations, applying it to more recent operational data. Also, the large corporation tax gap estimates for 2006 were developed using better statistical methods and refreshed data.
Furthermore, the information regarding individual income taxpayers has been refined with advanced estimation strategies and updated figures.
The tax gap can be broken down into three parts:
- Non-filing,
- Under-reporting, and
- Underpayment.
In both 2001 and 2006, the under-reporting of income was the primary contributor to the tax gap.
Specifically, under-reporting across different taxpayer categories constituted an estimated $376 billion of the total tax gap in 2006, an increase from $285 billion in 2001.
Tax non-filing contributed to $28 billion in 2006, a slight increase from $27 billion in 2001. Additionally, underpayment of tax rose to $46 billion, up from $33 billion in the earlier study.
Compliance is at its highest when there is third-party reporting or withholding involved. For example, most wages and salaries are reported to the IRS on W-2 forms by employers and are subject to withholding, resulting in a mere 1 percent net misreporting of this income. Conversely, amounts with little or no information reporting saw a 56 percent net misreporting rate in 2006.
THESE ARE THE IRS PROBLEMS WE CAN HANDLE:
- Backs taxes;
- Unfiled tax return or missing tax returns;
- Non filer situations;
- Missing tax records;
- Resolution so no enforcement action is taken;
- Amended tax returns.
- We get your file closed with IRS so the tax problem is no longer a major stress.
SO WHAT HAPPENS IF I HAVE NOT FILED IN OVER 10 YEARS? AM I IN TROUBLE?
Certainly! Here’s the reworded version with the requested replacement:
In nearly all instances, the IRS is keen on resolving your back tax problems and wants the unfiled tax years addressed. The issues of non-filers and unfiled IRS tax returns are also of significant concern to the IRS.
Their general policy revolves around this principle: Bring the taxpayer back into compliance so that they are up to date and paying future IRS taxes.
At Dreis Tax Services, this is our expertise.
We take action to give you peace of mind and eliminate the fear and stress from your life. Here’s what we do:
- We obtain a power of attorney, so you don’t have to engage with the IRS directly;
- We acquire a complete transcript of IRS records to understand how the IRS will approach your case;
- We get in touch with the IRS and manage the resolution of your tax problem;
- We file the necessary tax returns;
- We negotiate a settlement with the IRS and close your case.
Having managed thousands of cases, we are among the country’s foremost experts in unfiled returns, back taxes, missing returns, IRS non-filers, and the filing of all U.S. tax returns. Trust us to make this process seamless and pain-free for you.
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