A reputable tax preparer will request your financial records, and other information to prepare taxes. Ultimately this information is needed as proof of income and other deductions and credits. And you preparer may ask pertinent questions to determine your eligibility tax credits and tax deductions. Make sure you understand the nature of the preparer’s service fees. They should not be based upon a percentage of your tax refund. You will also want to review your tax return before it is filed, because ultimately you are responsible for its accuracy and truthfulness.
It is never too late to file your tax returns even if you have not filed for several years. Generally, if you meet filing requirements, you need to file a tax return for this year and the past six years (but the IRS may request a tax return older than six years). It is important that you file your taxes before the IRS finds you (assuming you meet filing requirements). If you do not file you could end up facing criminal charges and fines.
Keep in mind that the IRS is not out to get responsible taxpayers. In fact, in order to be found guilty of filing a fraudulent tax return the IRS must prove that you: “Willfully makes and subscribes any return, statement, or other document, which contains or is verified by a written declaration that is made under the penalties of perjury, and which he does not believe to be true and correct as to every material matter.” (Title 26 USC § 7206(1)) In other words, you must lie intentionally and knowingly on your taxes or other tax related documents. This includes actions such as recurrently omitting certain income from your tax statements or changing your income forms to reflect false information.
Longtime non-filers tend to lose their old W-2 and 1099 forms. Those forms are essential for filing an accurate tax return. You can start by asking businesses that issued you a W-2 or 1099. However, many businesses either go out of business, or do not keep their old records on file. Under these circumstances you may need a professional tax preparer.
You cannot get copies of W-2 and 1099 forms from the IRS. The IRS does provide a computer printout with the W-2 and 1099 information on it. Call the IRS and request income data for the missing tax years. It may take several weeks for a written response. It may be that not all of your income is reflected on the informational printout, but it will show the minimum amount you must report on your tax return. In the event that there is an urgency to prepare the returns, Business & Financial Solutions, or another reputable practitioner can generally obtain the documents within three business days, sometimes within 24 hours.
If you are in need assistance with getting past due or back taxes resolved feel free to call us for a free consultation. Our offices are in Rockville and Frederick Maryland, and Vienna Virginia. Call (855) 557-2222. Or email us at firstname.lastname@example.org. Our professional tax preparers are here to serve you.
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