File Late Tax Returns in Desert Ridge / Cave Creek
Missed the Tax Filing Deadline?
If you have missed the IRS tax filing deadline without filing an extension, you need to file as soon as possible before the IRS files for you. If you fail to file, the IRS can file a substitute return for you. Unlike a Desert Ridge / Cave Creek tax return preparer, the IRS that won’t include credits or deductions that could help reduce the amount you owe or maximize your return.
Should I file for a tax extension
If you need more time to file your taxes you can file for an extension BEFORE the deadline, an extension is good for an additional 6 months and eliminates the failure-to-file penalty. An extension does not, however, give you an extension of time to pay taxes owed and you will be asked to estimate how much you're going to owe the IRS. The unpaid balance with accrue interest and penalties, however these penalties are far less than the ones for not filing at all.
Late filing fees if you owe taxes.
If you do not file taxes by the deadline, you may face a failure-to-file penalty. If you do not pay taxes owed by the deadline you may have to pay a failure-to-pay penalty which is generally less severe than a failure-to-file penalty as the IRS will work with if you are struggling to pay taxes owed on time. The failure-to-file penalty, however is usually 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. That penalty starts accruing the day after the tax filing due date and will not exceed 25 percent of your unpaid taxes.
You will not have to pay a late-filing or late-payment penalty if you can show reasonable cause for not filing or paying on time but it is not guaranteed that the IRS will grant your request.
Late Fees if you are Getting a Refund
If you are owed a refund, there is no penalty for filing your tax return late, even without an extension as the penalty for filing late is a percentage of the tax owed. Just remember that you don’t get your tax return until you file.
Get back in good standing with the IRS
Paramount Tax & Accounting - Desert Ridge can help you file late tax returns in Desert Ridge / Cave Creek and navigate your options if you are faced with penalties. Contact our accountingbookkeeping firm in Desert Ridge / Cave Creek for a free consultation to help file taxes late in Desert Ridge / Cave Creek.
Timing, accuracy, and necessity are key factors when it comes to filing a late tax return. Paramount Tax & Accounting - Desert Ridge can assist you from start to finish.
Dave with Paramount Tax & Accounting has made my bookkeeping/accounting process so much more efficient, timely and informative. Dave thoroughly has explained options available for my business tax opportunities as well as its growth. Dave has communicated effectively to allow me to understand this part of my business. I...
— Royal Aesthetics & Injectables,
Posted August 7th 2023 on google
Dave is a pleasure to work with. Very professional and thorough.
Dave and his team have been a huge asset to my growing business. He was very helpful and not only handling the day-to-day accounting but also in providing me tips and insights into ways that I can better structure and conduct my business in order to make the most of my income. He has always been very helpful, responsiv...
We highly recommend Dave and Paramount Tax & Accounting! They have been instrumental in helping to grow our business and plan for each year. We refer everyone we know here. Thank you Paramount Tax & Accounting!
— North Scottsdale Fit Body Boot Camp,
Posted July 27th 2023 on google
The best experience ever, I had been behind 7 years on my taxes, due to an illness. Dave was amazing to get me all caught up. Now I don't owe any taxes. I'm extremely grateful for Paramount services.
As a small business owner trying to find the right team to help support your dreams can be a daunting task.
So blessed we have Dave to guide us through our accounting structure. He keeps our business expenses in line, highlights missed opportunities and ways to save.
Highly recommend his services
— Katie Brecheisen,
Posted July 24th 2023 on google
Dave is a fantastic taxtician! Amazing to work with an very knowledgeable about my personal and non-profit needs. Great company!
— Kevin T Merrill,
Posted July 24th 2023 on google
I highly recommend Dave Brown with Paramount Tax. Dave displayed an impressive level of expertise and professionalism throughout the process. His attention to detail and thoroughness ensured that I maximized my deductions and saved money. I'm incredibly satisfied with his services and will be returning for all future t...
— James Igbinovia,
Posted July 24th 2023 on google
Dave has a level of professionalism and detail to his work that you want in an accountant. He is proactive, rather than reactive, and he always is in contact with his clients.
I would recommend Dave to anyone for their taxes.
Dave is a invaluable resource to me and my clients. As a wealth manager, we refer him regularly to handle client needs ranging from simple tax needs to complex strategies and accounting. I highly recommend you reach out to Dave for any tax or accounting questions/needs as he is an expert in his field.
Dave is awesome! He's got some great in-depth knowledge of personal and business tax returns and is super helpful with figuring out how to get a good return.
My fiance and I are trying to buy our first house, Dave helped us get 4 years right with the IRS so we can start moving forward. He accommodated our schedule and the whole process was a lot smoother than I expected, makes me wish we didnt wait so long to do this! So happy with the service he provided and can't say how ...
First time using a professional preparer and had a wonderful experience with Dave Brown! Took the time to answer all my questions, he was very patient with me. He definitely knew what he was doing, and was very organized and efficient. I felt so relieved after leaving his office! I will be returning next year. Worth ev...
Dave did a great job working on my personal return and making sure I got the most money back. Additionally, he was able to fix and correct a previous year issue caused from a mistake by a previous accountant . Would definitely recommend him.
— Jonathan Firouzi,
Posted May 15th 2023 on google
Free
3-Year Tax Review
We review 3 years back to find errors / missed deductions.
Many people do not know how a professional tax firm differs from a tax preparer. The main difference when working with a professional tax and accountingbookkeeping firm, such as Paramount Tax & Accounting - Desert Ridge, is that our firm utilizes the services of CPAs, EAs, and Attorneys who are distinguished from other finance professionals by stringent qualification and licensing requirements.
Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 Filing Late Taxes firm in Desert Ridge / Cave Creek. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting - Desert Ridge!
Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accountingbookkeeping firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accountingbookkeeping firm utilizes licensed professionals such as CPAs, EAs and Attorneys, who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics.
Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax & Accounting - Desert Ridge a call or visit our
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Through dedication to the three underlying principles of professionalism, responsivenessandquality, Paramount is committed to providing outstanding service to our clients.
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3-Year Tax Review
