Unfiled Prior-Year Tax Returns

If you haven’t filed all your tax returns for prior years, you may be receiving notices from the IRS and state taxing authorities.   This can turn into an expensive mistake and snowball into bigger problems. Refunds are lost after three years and you can be subject to bank levies (seizure of funds), wage garnishments, and additional penalties and interest.    

ASAP Tax Relief can prepare your prior-year tax returns for as little as $250/year for both federal and state returns.  We handle income tax returns for all states as well as IRS 1040 tax returns.  Call one of our Tax Specialists for more information and an exact price quote. 

Five Good Reasons for Filing Your Prior-Year Tax Returns

1. You only have 3 years from the due date of the return to claim tax refunds.
2. Filing late will cost you an additional 5% penalty per month (capped at 25% in just six short months!) Paying the tax due late racks up an additional half-percent per month penalty.
3. You need a current tax return for many types of loan applications.
4. Not filing returns may produce an IRS lien that will show up as a public record and on your credit report. This may affect your credit rating and even affect your job, or potential job, if a background check is performed.
5. You may be assessed a higher tax than you actually owe if the IRS files a “Substitute For Return” (SFR) on your behalf.

Regardless of your reasons for not filing your tax returns, the tax professionals at ASAP can help. 

Contact us today to get started:  1-855-375-5400