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Estimated Quarterly Tax Payments: IRS 1040-ES Guide & Dates

IRS Estimated Quarterly Tax Payments: 1040-ES Guide & Dates

The IRS requires some taxpayers to make estimated quarterly tax payments. Staying on top of your quarterly payments will help ensure you pay no unnecessary penalties at the end of the year for underpayment. Here's a look at who needs to make these payments, how to figure out what how much to pay, various options to pay what is due, and...

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FAQs and Answers to Unfiled Tax Returns - Tax Debt Help

Unfiled Taxes FAQs

FAQs and Answers to Unfiled Tax Returns

Here are the most common frequently asked questions or FAQs about unfiled or delinquent tax returns. Feel free to contact us if you have unfiled IRS or State tax returns.

How Do I Know If I Need to File a Tax Return?

Filing requirements vary based on your age, filing status, income, and other factors. Every year the IRS publishes...

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How to File Unfiled IRS or Old State Tax Returns

How to File Unfiled Tax

How to File Unfiled Tax Returns

In most cases, if you didn't file a previous year's tax return, you can do it retroactively. Although often more cumbersome, you can prepare and submit most state tax returns late.

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IRS Failure to File Penalty: Penalties for Not Filing a ...

Failure-to-File Penalty

The IRS assesses the failure-to-file penalty (FTF) on the very first day your tax return is late. For instance, for most years, federal income tax returns are due on April 15. If you don't file, the IRS assesses the penalty on April 16th.

You can request a six-month extension. With an extension, you avoid the IRS failure-to-file penalty as long as you file by the extension...

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Avoiding Tax Audits: Tips on How to Avoid an IRS Audit

Avoiding Tax Audits: Tips on How to Avoid an IRS Audit

Everyone has heard the horror stories about IRS audits. It is a fact that audits are a hassle, even if your taxes have been done by the book and you have all the necessary documentation. For this reason it is a good idea to know the common reasons the IRS will audit so you can avoid one.

While sometimes audits cannot be avoided, many times...

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Tax Problems: Information on IRS Problems & Solutions to Them

Tax Problems: Information on IRS Problems & Solutions

Every year millions of people run into trouble with the IRS. You may have unpaid taxes or unfiled returns, you may be facing an audit or a garnishment, or you may have received notices from the IRS. Regardless of your tax problem, there is a resolution. The IRS is willing to work with most taxpayers, and a licensed tax professional can help...

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IRS Audit Penalties: Will You Receive a Tax Penalty With ...

IRS Audit Penalties: Will You Receive a Tax Penalty With An Audit?

An IRS tax audit can be defined as a process by which the IRS examines your tax return carefully for accuracy with the intention of verifying the correctness of it. Just because your tax return has been selected for review, does not necessarily mean that you have done anything wrong or that you will incur additional tax...

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The Tax Audit Process: Procedure, Rules & Guidelines for ...

Audit Process

The Tax Audit Process: Procedure, Rules & Guidelines for IRS to Audit

Tax audits can be conducted by the IRS and by State departments of taxation. The following information is based upon IRS tax audits, just keep in mind that most state audit processes and procedures are fairly similar to the IRS. The purpose of a tax audit is to verify that the tax reported is correct. Most of the...

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IRS Statute of Limitations On Collection of Taxes Owed

The IRS Statute of Limitations on Collection

A statute of limitations (SOL) is federal or state law that limits the period allowed to file legal proceedings. With regards to the collection of Federal tax debt, this refers to the IRS statute of limitations on collection. It is the time-period the IRS has to collect on taxes owed. The Collection Statute Expiration Date (CSED) is simply the date the...

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IRS Audit Tips: Advice on How to Beat & Survive a Tax Audit

IRS Audit Tips: Advice on How to Beat & Survive a Tax Audit

If you are selected for an audit you have no choice but to follow through with it. Two things you should strive for in the audit are to minimize the financial impact and to prevent the IRS from investigating beyond the initial items selected for audit. There are times when you may get a refund or owe nothing more after the audit, but...

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