Late Tax Filing 2016
Don’t worry if you are a few years behind in tax filing, Paramount Tax’s North Miami Beach / Aventura 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.
If you were owed a refund on your 2016 taxes:
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.
If you owe the IRS money and you haven’t filed:
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 North Miami Beach / Aventura.
Paramount Tax offers a wide variety of North Miami Beach / Aventura 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 North Miami Beach / Aventura 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 North Miami Beach / Aventura tax services and schedule your free consultation, contact us today.
Get back in good standing with the IRS
Paramount Tax & Accounting North Miami Beach / Aventura can help you file late tax returns in North Miami Beach / Aventura and navigate your options if you are faced with penalties. Contact our accountingbookkeeping firm in North Miami Beach / Aventura for a free consultation to help file taxes late in North Miami Beach / Aventura .