Help with Filing Back Taxes

Help with Filing Back Taxes

Help with Filing Back Taxes

Keeping up on your taxes is something many expect to do every year.  While some may look forward to filing their taxes, there are many who dread the annual tax season.  Most of those hoping tax season will pass them by are those who know they will owe money or feel filing their taxes is going to be too much work.  If you find yourself left with unpaid and back taxes, do not fear.  There is still hope for getting those taxes filed and paid for.

Not filing your taxes means you may be missing out on a refund and/or be subject to paying back taxes that are inflated with penalties and fees.  If you have any missing federal tax returns from previous years, to avoid liabilities, get them filed now.  There is help available for those who owe more than they can afford to pay in one lump sum.  There is even the possibility of getting approved for filing extensions for those who need just a little bit more time getting their taxes filed.

When filing back taxes, you can either do it by yourself or seek out the assistance of tax professionals to help you through the process.  Before filing back taxes, gather up all documents, such as receipts, W-2, Form 1099 and any other documentation needed for proof of deductions.  If you need help locating any missing paperwork, such as W-2s and Forms 1098 and 1099, file Form 4506-T for a transcript of these items.  Once you have all the necessary paperwork gathered, you are ready to file your back taxes.

When needing help paying your tax bill, you can request a 60 to 120 day extension to get the full payment in.  This is available at no additional charge and can be granted by calling the IRS and requesting the extension.  If your tax debt is substantial and paying it within 120 days will create a burden on paying your day-to-day bills, the IRS does have alternate programs to help you pay your tax bill.  The IRS also has other programs that may help reduce the amount you owe, help paying late fees and penalties, as well as helping you completely eliminate your tax bill.

Payment extensions and plans are designed to help you get your tax bill paid without having to face any additional penalties.  If your tax return is not filed, the IRS has the authority to file and a substitute return for you.  This is when they take the available information provided to them, such as W-2s and Form 1099s, and complete your tax return.  If this happens, you run the risk of missing out on a full refund, as they IRS does not have any documentation of your deductions and itemized expenses.  Should this happen to you, it is still possible to file your tax return.  Seek the guidance of a tax professional to help you file an amended return, where all of the information is submitted to the IRS for a full refund (minus penalties for filing late).

The IRS does have ways to help those with back taxes get them filed.  If you have back taxes, look into payment options and if necessary, hire a tax professional to help you through the process.  Refer to our tax problems page for more information on this and other subjects.

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4.8 out of 5 star

10 reviews

Jess T.
2019, July 30, 5:31 pm

Coast one Financial saw my family through

Coast one Financial saw my family through our entire settlement to the end! They did everything they promised, and got us a major settlement savings! My husband and I can\'t thank them enough!

snifflepuff13
2019, June 20, 1:42 pm

Coast one helped me out when I was up against the IRS

Coast one financial group helped me out when I was up against the IRS with a debt of close to $15,000. My ex husband left me in a bad place financially having lied on our last joint tax return. I also had some health issues that kept me from paying my taxes and instead paying for health insurance. Coast one handled all correspondence to and from the IRS as well as kept in touch with me throughout the whole experience. I settled for pennies on the dollar and can now resume my life tax debt free. I\'m so grateful for their help.

Donna S
2019, June 20, 1:31 pm

Coast one save me $34,000 in *** tax debt

Coast one save me $34,000 in *** tax debt the entire team worked me to get all info need for my settlement. I saw advertisement on tv for Coast One and had no I dead they could help me. We settled $440 great job guys!!!

Julie Churchill
2019, May 15, 1:43 pm

I was very happy

I was very happy with all people and quick responses. I would highly recommend this company

Cindy L
2019, May 3, 1:32 pm

My husband and I had about $40,000 in tax debt

My husband and I had about $40,000 in tax debt from some difficulties we had experienced a few years ago. The *** refused to make payment arrangements with us after we’d broken our past agreement following a job and personal losses. We’d seen these tax relief advertisements but wondered if it would work for us. I got an offer to help us by Coast One Financial Group.. I called them and left a message. An attorney called me back and asked if he told me for a few thousand (about $3000 I think) I he could help eliminate $10’s of thousands of dollars of *** debt. I said i’d Love to but didn’t have enough to pay them. He offered us a payment arrangement that we could afford and we did it. We ended up paying the *** $259.00 in exchange for eliminating $40900 of tax debt. We got the letter this week that our tax lien will be lifted within 30 days. This year we filed our taxes and paid them in full! What a relief and burden was lifted thanks to Coast One Financial and their attorneys. I would recommend them to everyone. They are amazing!

Reply from Coast1Tax :

2019, May 3, 1:32 pm

Thank you!

stephen k
2019, May 2, 1:59 pm

will tell many people to call

was very happy with the outcome will tell many people to call coast one for help and thank you.

Reply from Coast1Tax :

2019, May 3, 1:59 pm

Thank you!

Reginald G
2019, April 3, 2:00 pm

Coast One is the best hands down

Coast One is the best hands down, I would recommend Coast One to anyone who has any *** trouble. Everyone have had the up most respect for me situation and took time to walk me through it every step of the way until things was resolved properly. My hat goes off to the whole team. You guys rock

Reply from Coast1Tax :

2019, April 3, 2:00 pm

Thank you!

Cynthia K
2019, March 25, 2:01 pm

JUST AWESOME!!!

JUST AWESOME!!! COAST ONE FINANCIAL, SAVE MY LIFE, FROM ***** FOR YEARS I WAS AFRAID PAYING, MONTHLY PAYMENTS, BUT NOW I DON\'T WORRY ANY MORE FROM 30+ THOUSAND TO 3 THOUSAND DOLLARS IS AWESOME, AWESOME. THANKS, SO MUCH THEY DO WHAT THEY SAY THEY WILL DO. BELIEVE!!!!!! THANK YOU SO MUCH!!!!!!!

Reply from Coast1Tax :

2019, March 25, 2:01 pm

Thank you!

Ranting with Reg Hollywood
2019, January 15, 1:46 pm

step by step guidance

Thank you so much for your patience and step by step guidance, You guys are great and would recommend anyone who have a IRS problem to you guy. Thanks a million you guys rock. I appreciate everything you\'ve done

S. Atika
2018, August 30, 1:47 pm

I owed $44,000 and walked away paying $123 NO JOKE!

Coast One allowed me to have peace again. I was in debt over my ears and saw no way out. With a little time and patience they took me out of debt and gave me my life back. I owed $44,000 and walked away paying $123 NO JOKE! Thank you to the amazing team at Coast One!

Reply from Coast1Tax :

2018, September 1, 1:47 pm

On Behalf of Coast One, we thank you!

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