Reduce Risk of Further Penalties by Filing Late Returns
Once you’ve neglected to file a tax return, it’s easy to slide down the slippery slope of not filing any returns. Whether you’ve missed one year or five—whether or not you have already issues with the IRS—the best thing you can do for yourself and your business is hire an experienced tax professional to prepare and file those delinquent returns.
Do this as soon as possible so you don’t “get discovered” by the IRS or the state and make your situation worse. One way this might happen is if the IRS files a Substitute for Return and calculates what they think you owe—plus penalties, fees and interest—and the amount isn’t necessarily accurate or in your favor. Even if you are missing forms or documents, Schneider can help gather everything you need to file these late returns, with an eye toward accuracy as well as areas you might reduce your tax liability and outstanding penalties.
Being proactive and relieving you of stress and the responsibility of complex tasks are the cornerstone to our approach to working with you. We’ll analyze your financial records and see what missing documents need to be obtained. Our aim is to prevent further stress or loss of money by taking care of your concerns expediently.
When it comes to dealing with the IRS, we’ll handle everything on your behalf, including all communication. If you’ve already been contacted by the IRS or are contacted while we’re working on your case, give us their letter(s); it’s your right to have a representative deal with them. This lets you focus on your business’s present and future while we tie up the past.