Late Tax Filing 2014
Are you a few years behind in filing your taxes? While you may think your situation is dire, with the help of Paramount Tax’s Owasso / Tulsa tax services, you can have your case cleared with the IRS. Ignoring the situation will only make it worse, so it is important to sit down with a tax adviser in Owasso / Tulsa and sort out all of your overdue taxes.
If you were owed a refund on your 2014 taxes:
Then unfortunately you are out of luck. If you do not file within three years, you lose your refund. You won’t have to pay any fines if you don’t owe, but it is always a good idea to file any missed tax years. The IRS is more likely to audit someone who has unfiled taxes.
If you owe the IRS money and you haven’t filed:
Then you could be facing late fees and penalties up to 25% of what you owe. The longer you go without paying, the more likely the IRS is to audit you. Unpaid taxes and penalties could lead to the IRS seizing your property and freezing your bank accounts.
The only way to be in good standing with the IRS is by filing and paying your taxes on time. Failure to file and pay for one or multiple years can put you in a serious situation. The best way to amend this situation is by contacting a tax adviser in Owasso / Tulsa. The accountants of Paramount Tax can help you repay your debts with IRS approved payment options like: payment plans, the IRS Fresh Start Program, or an “offer in compromise.”
You may think you are the last person on earth searching for “2014 late tax filing,” but you are not alone. People get behind in their taxes for many reasons and as long as you are upfront with the IRS about your situation and payments, then it is easy to remedy the situation. Paramount Tax is here to guide you through the 2014 late tax filing process and to answer any questions you may have. Contact us today for a free consultation.
Get back in good standing with the IRS
Paramount Tax & Accounting Tulsa Northeast can help you file late tax returns in Owasso / Tulsa and navigate your options if you are faced with penalties. Contact our accountingbookkeeping firm in Owasso / Tulsa for a free consultation to help file taxes late in Owasso / Tulsa .