Top Questions That People With Unfiled Tax Returns Usually Ask
In our society, we may come across some people who are not paying their taxes and you may e surprised to know that they have been doing these for a very long time already. What about those people who have never ever paid their dues to the tax collectors? So many wonder about what will be the statute of limitations for unfiled tax returns. If there are some crimes who have their existing statute of limitations then is it possible that our government will allow this similar limitations for people who have never paid their taxes ever since or to people who have paid their taxes before and then stop paying it. There might be some people that are still not sure about the amount they have to pay in the government after they have gone bankrupt. Spending some time in prison because they weren’t able to pay their tax revenues on times are just some of the reasons why people are afraid to file their tax returns.
After reading this articles, you may find out that some of your questions regarding your taxes will be answered.
1. Is it possible for me to pay my tax returns only for this year and those years wherein I failed to file my tax returns will be disregarded?
Well if you have an existing substitute filed return (SFR), then you don’t have a choice but to pay for it otherwise you will be punished and in some cases wherein there’s no SFR filed against you you can hire some tax return lawyer to negotiate in your behalf.
What if I don’t have enough money to pay for my taxes then, can I skip paying it for now?
You have to because if you fail to do so, you might spend some time in prison. Reasonable Collection Potential (RCP) can help you pay less amount of money for your dues and the perfect time to do it is when you don’t have enough money to pay for your taxes.
Is it still okay if I get a new passport or if I renew my existing passport despite of the fact that I still have to pay for my taxes?
Once you violated the IRS, your passport may be subject for cancellation but if you didn’t violate any policy then you are still entitled to get your own passport. Just follow the rules and pay what you owe to the tax bureau first so that there will be no more existing violations and you can have your passport back.
Do not skip from paying your taxes and do not forget to file your tax revenues as well because it is an important matter.
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