Failing to file tax returns for one or more years can create serious legal and financial issues over time. The IRS and state tax authorities require annual filings, even if you cannot afford to pay the tax owed.

If returns are not filed, the IRS may file a substitute return on your behalf using information it has received from third parties. These substitute returns typically do not include deductions or credits you may be entitled to, which can result in higher tax assessments.

Unfiled returns can also prevent you from accessing resolution options, payment plans, or settlements. In addition, penalties for failure to file are often higher than penalties for failure to pay.

For individuals and business owners alike, multiple years of unfiled returns can compound quickly and may trigger audits or collections once addressed.

Bringing filings up to date is often the first step toward resolving broader tax problems. Call our Atlanta office right now to discuss how to get back into compliance.