Patriot Tax Resolution Logo

 866.932.2833

Flag eagle  
Home IRS Problems IRS Solutions Recent Successes Guarantee Who to Hire Get Started Contact Nick's Blog  
 

Tax Preparation

Non-filing is considered a crime if you owe back taxes. Up to a year in jail and a $25,000 fine for each year of non-filing is a stiff penalty you open yourself up to by not filing. The penalty is higher if it is deemed you are involved in a scheme to evade taxes, up to 5 years in jail and a $100,000 for each year of non-filing.

A lesser and more common punishment would be for the IRS to prepare your tax return for you. To do this the IRS will give you the lowest of exemptions and deductions while raising your income by using tables furnished by the Bureau of Labor Statistics. Obviously this will result in a much higher tax debt than you would owe if you had someone prepare the returns for you.

The Internal Revenue Manual states:

Interest, compounded daily, is charged on any unpaid tax from the due date of the return until the date of payment. The interest rate is the federal short-term rate plus 3 percent. If you did not file on time and owe tax, you may owe an additional penalty for failure to file unless you can show reasonable cause. The combined penalty is 5 percent (4.5% late filing, 0.5% late payment) for each month, or part of a month, that your return was late, up to 25%. The late filing penalty applies to the net amount due, which is the tax shown on your return and any additional tax found to be due, as reduced by any credits for withholding and estimated tax and any timely payments made with the return. After five months, if you still have not paid, the 0.5% failure-to-pay penalty continues to run, up to 25%, until the tax is paid. Thus, the total penalty for failure to file and pay can be 47.5% (22.5% late filing, 25% late payment) of the tax owed. Also, if your return was over 60 days late, the minimum failure-to-file penalty is the smaller of $100 or 100% of the tax required to be shown on the return.

Contact Patriot Tax resolution Company today and we will have a licensed tax professional go into more depth about your particular situation and we can advise you on what programs you qualify for and send you off in the right direction.

 

 





Let us help you with all your tax problems!


.

Check out Nick's
Tax Resolution Blog

Blogspot
Also see
Tax Industry on

Feedburner logo


 
Call Us Now - 866.932.2833
 

Why Choose Patriot?

Call us, not only will he be the licensed tax professional providing you with your consultation, he will be the power of attorney working your case to resolution!

The sales person consulting you before you hire at other companies WILL NOT be the one working your case. Nick will see your case through from start to finish.

 Money Back Guarantee

If you do not have full confidence in your within the first month of hiring Patriot, we'll give you your money back. If you are not happy with our services we will refund your money.

No Sales Pitch. Get a FREE Consultation From with one of our experts.

We will give you in-depth review of your case and present you with all the options available to you. 

The Fastest Service!

Work begins on your case the moment you hire us. If you have a bank account levy or garnishment, we will have it released in the first 24 hours of hiring us!

For Immediate Tax Help Call
Us Now! 866.932.2833

Never Trust Cold Sales Calls!


                       Our Promise to you our 30 day Money Back Guarantee     
             

Request a Free In-Depth Consultation Now!

This is a consultation with a licensed tax professional, not with a sales guy. See what the specific options are that you have available to you before you make any decisions on how to proceed.

Name:
Email:
Phone Number:
Any Information You Wish To Share:
 
Home   Contact Us   IRS Problems   Bank Levy   Wage Garnishment   Accounts Receivable   Federal Tax Lien   Payroll Tax   Trust Fund Recovery
 Unfiled Returns    IRS Solutions   Bank Levy Release  Wage Garnishment Release   Accounts Receivable Release    Offer in Compromise   Partial Payment Plan
 Company Reorganization   Abatement of Penalties and Interest   Currently Non-Collectable    Real Estate Lien Subordination 
 Real Estate Lien Withdrawal and Discharge   Trust Fund Representation   Tax Preparation
Recent Successes   Guarantee   Get Started   Privacy Policy


COPYRIGHT 2009 - PATRIOT TAX RESOLUTION CO.