subject: Have you submitted your tax return? Non-Filers of tax debt [print this page] April 15th was the year 2008 and disappeared. The official tax season is over. But there are some stragglers. Good for those of you who do not get taxes in. .. Time's Up! But this is past and to concentrate on the future of the IRS tax debt.
If you have not requested an extension you did not already have a chance, but gives only an extension until October 15, and therefore no longer be offered.
Give in to fear You know you're goingOwe Thanks to defer a tax, not filing taxes. Too many people do this in the hope they pay the fee and then file. But pending a financial windfall for the IRS machine timber.
It can only get If you do not get an extension now, then things start to go very wrong right. First, the IRS will start assessing penalties and interest on your return is not filed as of April 16. And this debt can skyrocketless than six months. Registration sanctions not only with 5% interest on the tax bill each month up to 25%. The tax penalties continue to accrue as a result of '1% per month.
They are still made with interest and penalties, if you still owe and file, but is much less of a potential 25% increase in just six months.
The IRS is happy to help Another factor to consider the need, is that sooner or later the IRS this file againTaxes for you. If the IRS is a replacement for you deposit does not take account of all your deductions or credits. The request for a replacement IRS ensures that you owe the IRS more money, then you have an edited file back. And you better show your card all deductions and credits in order, since the burden of proof on the tax return is correct and should be accepted, everything is on your shoulders. Remember, as a former IRS-Hitman to do, customs officialsnot how to reduce debt.
