Don’t worry if you are a few years behind in tax filing, Paramount Tax’s Idaho Falls / Rexburg tax advisers are here to help. Overdue and unfiled taxes are never a good thing to have on your record, but it is never too late to remedy the situation.
Then you still have a chance to collect your money! As long as you have filed your return within three years of the deadline, you can still collect your refund. While you won’t face any fines for filing late when you don’t owe, in order to remain in good standing with the IRS you should always file on time. It is never a good idea to leave taxes unfiled. And remember, the only way to collect your refund is if you file.
Every month you are late filing owed taxes, you start accruing a 5% failure-to-file fine, up to 25% of your total taxes owed, in addition to a failure-to-pay fine. The longer you go without paying, the more dire your situation. The IRS could file a return for you, seize your property, or freeze your bank accounts in order to collect your debt. If you are in a sticky situation with unpaid late 2016 taxes, then it is a good idea to speak with a qualified tax adviser in Idaho Falls / Rexburg.
Paramount Tax offers a wide variety of Idaho Falls / Rexburg tax services and we are very familiar with late and overdue taxes. If you haven’t filed taxes for 2016 and/or previous years, don’t worry - the Idaho Falls / Rexburg tax advisers of Paramount Tax can help amend the situation and repay your debts. There are IRS approved payment options like payment plans, the IRS Fresh Start Program, or an “offer in compromise” that may be available to you.
Believe it or not, you’re not the only one searching for “2016 late tax filing.” Tax season can be stressful and it is easy to get behind in filing and paying taxes. The best way to remedy the situation is by dealing with it as soon as possible. Paramount Tax is here to assist you with the 2016 late tax filing process and to answer any questions you may have. To learn more about our Idaho Falls / Rexburg tax services and schedule your free consultation, contact us today.
Paramount Tax & Accounting Idaho Falls can help you file late tax returns in Idaho Falls / Rexburg and navigate your options if you are faced with penalties. Contact our accounting firm in Idaho Falls / Rexburg for a free consultation to help file taxes late in Idaho Falls / Rexburg .
Timing, accuracy, and necessity are key factors when it comes to filing a late tax return. Paramount Tax & Accounting Idaho Falls can assist you from start to finish.
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 accounting firm, such as Paramount Tax & Accounting Idaho Falls, is that our firm utilizes the services of licensed professionals.
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 firm in Idaho Falls / Rexburg. So when you ask yourself, "Where can I find accounting services near me?"... think no further than Paramount Tax & Accounting Idaho Falls!
Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accounting firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accounting firm utilizes licensed professionals, 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 Idaho Falls a call or visit our tax and accounting firm in Idaho Falls / Rexburg for a free consultation.