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Unfiled Taxes Help Las Vegas

Out of the entire population, a large percentage of American citizens have unfiled taxes. 

So, if you’re one of them, take comfort in the fact that you’re not alone and that millions of others are in the same boat. If you’re agonizing over how to solve these tax problems that keep piling up, fret not because we can help you. 

We will do our best to try to prevent your having to pay even a penny extra in fees and penalties to the government! Our aim is to provide help with unfiled taxes in Las Vegas, so don’t hesitate to reach out to us.

Why Should I File My Taxes?

If you don’t file taxes on time, your financial credit standing may take a severe hit. Though clearing a tax backlog seems overwhelming, it is a necessary evil. Here are the benefits of filing tax returns:

1. Avoid Penalties

Not paying your taxes on time could lead to an exponential increase in the amount you might finally have to end up paying. This is because the government levies penalties and interest when the tax payments aren’t paid on time. By filing your tax returns timely, you can avoid paying the government extra.

2. Refund Claim

How will you claim refunds if you don’t file your tax returns on time? Taxes often get collected at the source, and one gets refunds later on. But if you owe a lot of tax, there’s no way you’ll get a refund since the IRS will withhold it. So, to get money due to you back from the government, file your taxes regularly.

3. Social Security Benefits

If you run your own business and are self-employed, it is essential to file your tax returns on time. Failure to do so will mean that your income won’t be reported to the Social Security Administration. This, in turn, will mean that you’ll miss out on any credits that go toward disability or retirement, and this could hinder you in the long run.

4. Getting Loans Becomes Easy

You will find it virtually impossible to obtain a loan if you fail to file tax returns on time. No one wants to be a creditor to someone who can’t pay what they owe. So, the only places where you may get a loan will be shady, unreliable ones.

Consequences Of Non-Filing Of Taxes

We know that when taxes pile up, it becomes too much to handle, and at that time, being in denial feels the most comfortable. However, it could seriously hamper your financial position, social standing, and mental well-being in the long run.

1. The IRS May File A Substitute Return

If you don’t file your tax return on time, you could get into hot water legally and financially. The IRS may file a substitute return on your behalf, and though this sounds convenient, you will most likely lose money. That’s because the IRS will omit deductions and credits that could maximize your returns and lower your tax liability. 

Thus, the IRS will end up exacting significantly more money from you in the end. 

2. Levying Of Bank Accounts And Wages

Additionally, the IRS might levy your wages and bank accounts, which means the IRS will be legally authorized to withdraw funds from your account. 

3. Having A Lien Placed Against Oneself

What’s worse, the IRS might even place a tax lien against you, i.e., the IRS might eventually sell off your assets to get back what the IRS believes is owed.

What Can We Do?

We are a tax-relief company and provide a detailed consultation to each client and model our legal approach to the exact nature of each client’s problem. We have years of experience in dealing with unfiled tax returns, and we promise to resolve your tax issues swiftly and efficiently.

If you’re wondering what exactly we can do, we can help you decide on a payment plan that will regularly pay the IRS back. We can also aid with making lump-sum payments to the IRS and even negotiate the amount that is supposedly owed. Since each case is unique, there is no one-size-fits-all solution, and a tailor-made plan is needed for each client.

We also provide the following services:

  • Help with tax-related account levies
  • Wage garnishment concerning tax relief
  • Help with tax liens
  • Help with unfiled tax returns
  • Clear back taxes
  • Offer In Compromise

Final Words

So, it doesn’t matter whether you’re a year behind or a decade behind; we’ll be able to help either way! Our incredible team will walk you through the entire process and help you achieve complete peace of mind. You can reach us anytime on our number or walk in and visit our expert attorneys in person!