Back Tax Help Near Me Richmond

Back Tax Filing, AccountingBookkeeping Services

The stress of tax season can reach an unbearable point if you have back taxes looming over you. Particularities in filing, accumulating interest, and the threat of further fines makes filing back taxes an intimidating process. Avoiding these penalties means filing your back taxes perfectly, which makes personal filing an extremely stressful situation. Fortunately, Paramount Tax & Accounting Richmond East can assist you in these tricky filings.

Most taxpayers are required to file tax returns yearly, but many taxpayers often forget (or neglect) this responsibility. Failing to file tax returns is a serious issue and can put you in legal trouble with the IRS. If you fail to file a return, the IRS can file for you and you will lose out on any deductions you may be entitled to.

While neglecting to file a return is the main reason an individual or business may need to file back taxes, failing to pay tax liabilities or improperly reporting total income additionally leads to back tax accumulation. By definition, back taxes are the result of these improper filings, or taxes that have not been fully paid in the year that they were due.

Back Tax Filing Process

When it comes to back taxes, filing as soon as possible is your best option to avoid further accumulation of fines and interest. Unfortunately, the back tax filing process is a bit more complicated than normal filing.

Before you can even begin filing your back taxes, you must:

Collect all necessary documents (W2s, 1099s) for the years you owe
Request/find any information or documents you may be missing
Report any additional income that may not be present on past tax documents (like assets sold)
Download your previous years’ tax forms - back taxes must be prepared on the forms for their original year

Once this information has been gathered and organized, only then can you begin the back tax filing process. Often times, those who attempt to file back taxes on their own lose out on deductions and credits. Those who do not have the finances to cover owed back taxes and accrued interest may be eligible for payment plans or certain penalty reliefs. Finding out all this information, however, takes time and research. And, as time is of the essence when filing back taxes to avoid additional penalties, it is understandable that many feel daunted by the thought of filing back taxes alone.

Fortunately, if you are looking for delinquent tax filing in Richmond, then Paramount Tax has your back. We offer several options when it comes to filing back taxes; please take a moment to complete our Free Consultation form or contact us to schedule a consultation today with a Richmond Tax specialist.

Easy Online Booking

Get started with Paramount for your tax services in Richmond, VA, recommended by family and friends every time.

OR

Request Appointment

Contact Paramount Tax & Accounting Richmond East

Richmond, VA tax preparation

Paramount Tax & Accounting Richmond East tax accountant

Call 804-424-0594 today!

Marcus is great! He saved me thousands in taxes last year when I owed the government & ensured I received as much money as possible looking through all potential tax breaks this year. The portal is easy to navigate and to keep your information all in one place to make the 30 minute chat to file so easy. Will be going ...

— Andréa Viza, Posted April 1st 2024 on google

Marcus is awesome! He was helpful, kind and informative when assisting with my tax filing for this year. He provided important insights and brought humor to a not so fun task!

— Elizabeth Whittle, Posted March 30th 2024 on google

Marcus is the best! Very detailed and gets you every claim you can get!

— Kate & Jason Pulley, Posted March 9th 2024 on google

Marcus has done my taxes for the last three years and I wouldn’t have anyone else do them. He’s quick, efficient and personable. I would recommend anyone to him!

— MaKayla Foley, Posted February 25th 2024 on google

It was a great experience!! Marcus is very nice and professional an explains things well.Thanks again Marcus!!

— Megg Beasley, Posted February 21st 2024 on google

Marcus has been a huge help for the last couple of years. He’s personable and experienced in what he does. Always has a solution, gives sound advice.

— Jesse D., Posted August 21st 2023 on google

Marcus was very insightful, explained all necessary line items and very courteous and professional. I recommend his firm to anyone needing tax prep, accounting needs and business accounting expertise. Thank you Marcus for everything.

— Tyson Hawkins, Posted August 21st 2023 on google

Paramount did a great job and Marcus explained everything thoroughly. I look forward to returning in the future.

— john krug, Posted April 28th 2023 on google

Marcus was great to work with to complete our taxes this year. He helped me sort through my husband’s business expenses and provided bookkeeping advice to make next year’s filing a breeze. In less than two hours, everything was done. Marcus was patient and professional. We will definitely use his services again. Hi...

— Amy Miller, Posted March 29th 2023 on google

I had a great experience working with Marcus. From the beginning he was extremely knowledgeable friendly and welcoming. He was able to address all of my questions and concerns and I left feeling great about my overall experience. I highly recommend anyone looking for a great tax professional for personal or business ta...

— michael white, Posted March 11th 2023 on google

Marcus was very friendly and did a great job preparing my taxes. I will definitely use him next year.He could not have been any nicer.

— Doreen Estes, Posted March 8th 2023 on google

Marcus has been invaluable in sharing his skill set with our company. He is knowledgeable, friendly, and prompt. I highly recommend his services!

— Katie Davis, Posted March 2nd 2023 on google

Excellent customer service.

— Shannon Elkins, Posted February 15th 2023 on google

Marcus is very knowledgeable and friendly.

— Todd Elkins, Posted February 6th 2023 on google

Marcus is SO kind and personable and will go above and beyond to help meet your tax needs. Can’t say enough good things about him and this practice!

— A Google User, Posted February 3rd 2023 on google

They get your taxes filed quickly. Very courteous and professional highly recommended.

— Hector Milla, Posted August 30th 2022 on google

Wonderful service and Easy to work with

— IndigoLeo 10, Posted May 23rd 2022 on google

Marcus is very Professional Tax consultant. Thought I went to him 1-day before the tax deadlines, he took time out to help me out, answered all my questions patiently , gave me some tips to manage taxes as well. And his fees were reasonable too. I highly recommend him if you are in the area.

— Shariff Mohammed, Posted April 17th 2022 on google

Very knowledgeable, excellent communication, and very personable. It is very hard to find good people, so look no further than Marcus!

— Jimmy B., Posted April 8th 2022 on google

I highly recommend Marcus Taylor for tax preparation and filing. Marcus is very professional, knowledgeable and friendly to work with. He knows tax, asks good questions that gets you thinking of what is best, works thru your tax return in detail with you explaining, recommending what adds value.

— Kim Hackney, Posted March 14th 2022 on google

Free 3-Year Tax Review

We review 3 years back to find errors / missed deductions.

About Us Contact Us

Paramount Experience

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 Richmond East, is that we know taxes!

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 Back Tax Filing firm in Richmond. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Richmond East!

Free Consultation 804-424-0594

Upgrade to Tax & AccountingBookkeeping Firm

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, 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 Richmond East a call or visit our tax and accountingbookkeeping firm in Richmond for a free consultation.

Individual Tax Preparation Business Tax Preparation

Why Choose Paramount Tax & Accounting Richmond East?

Through dedication to the three underlying principles of professionalism, responsiveness and quality, Paramount is committed to providing outstanding service to our clients.