Delinquent Returns
Delinquent Returns
Here’s a quote from a website on delinquent returns that I found. The site belongs to Joe Mastriano, a highly experienced CPA with a lifetime of experience in tax problem solving and IRS representation…
Collection Statute Of Limitations (SOL) - Replacing Your Returns
The good news is that the statute of Limitations on collections (10 years) does not run until after the assessment from the SFR is made. An Assessment is when the IRS or you prepare the return, then the IRS gives you your appeal rights, the time expires, and you are charged the tax. The charging of the tax to you is the assessment. Baring any extensions of the statute, such as filing a bankruptcy, offer in compromise, signing a waver, the IRS reducing the liability to a judgment, etc. the IRS will have 10 years to collect the taxes, or they must remove the liability. It’s not as automatic as you thought, is it?
If you are looking for help with back taxes, please visit our website at www.taxproblem.org.
Despite the IRS’s attempts to stop some taxpayers, returns can be filed and accepted at any time after the IRS files an SFR. You should file the return to lower the taxes they computed. If the return is over 3 years past the due date, including extensions, and no payments have been made within two years, you will not get a refund. Call our office if you need income tax help.
All you need to know about taxes and the IRS is available freely on Joe Mastriano’s website, and he also has a comment section where he provides quick tips and advice to his users. If you are ever in need of help with tax return, call Joe Mastriano’s office and you’ll be in safe hands.
