What To Do About Tax Returns Which Weren’t Filed Yet
It is not surprising to find out that some people don’t pay taxes to the government however what’s surprising is the fact that they have been doing this for a long time already with some of them are not paying their taxes for more than a year. So you may even consider it as an undesirable fact that until now, there are still people who have never paid the government about what they really have to pay? So many wonder about what will be the statute of limitations for unfiled tax returns. So just like some criminals that have murdered or raped someone and these people who have what we call statute of limitations, can we verify the statute of limitations for those people who have never filed taxes at all. In some events, those people who haven’t filed their tax returns was because of the fact that they are fully aware of the money that they have to pay just because they have filed for bankruptcy. Just because they have skipped paying their dues to the government for a long time, people are not that courageous enough because of fear that they will go to jail.
After reading this articles, you may find out that some of your questions regarding your taxes will be answered.
1. Supposedly, I didn’t file any tax returns for many years already, does it mean that I still have to pay for those years that I skipped?
Since the technology for the past years have been better, it would be a good thing to know that sometimes you can do some negotiation once there is no (SFR) filed against you however if there is an existing amount for you to pay then you can’t just ignore it or else you will have to spend some time in court.
Do I really to pay for my taxes or shall I file my tax revenue despite of the fact that I’ve been bankrupt and I don’t have enough money to pay for it?
You have to because if you fail to do so, you might spend some time in prison. There are some cases when this situation becomes a favorable factor in your life since you may e included under those taxpayers with Reasonable Collection Potential (RCP).
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 have an existing balance with the tax bureau, you can still get your passport however if did violate some of the rules of the IRS, they might have your passport cancelled. So in order for you to have your passport valid again, try to pay your dues and other requirements first.
File your tax returns now to avoid any penalties and jail time.
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