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Message
Best route for back/unfiled taxes: direct with IRS or tax attorney/service?
Posted on 4/12/21 at 1:01 pm
Posted on 4/12/21 at 1:01 pm
I have several years of unfiled taxes. Some of those years were 1099 so I will owe, but the majority were regular W2 years where I would have been getting money back.
Should I contact a tax attorney, or just get my transcripts from the IRS and work with them directly?
Should I contact a tax attorney, or just get my transcripts from the IRS and work with them directly?
2
Posted on 4/12/21 at 1:29 pm to TackySweater
What's the reason you fell behind?
A tax attorney will be useful if you have legit reasons for not filing, and if you need to negotiate the balance down / need a lot of time to pay it off. Also, if you have questionable legal issues, you will want to have a tax attorney involved.
If it's simple, and you are the kind of person who wants to do their own taxes, you can certainly do them on your own. However, there is a limit on how many years you can go back and get a refund. There is no limit on how many years you can go back and have to pay.
Do not use anyone that sends you junk e-mail or advertises in the middle of the night.
A tax attorney will be useful if you have legit reasons for not filing, and if you need to negotiate the balance down / need a lot of time to pay it off. Also, if you have questionable legal issues, you will want to have a tax attorney involved.
If it's simple, and you are the kind of person who wants to do their own taxes, you can certainly do them on your own. However, there is a limit on how many years you can go back and get a refund. There is no limit on how many years you can go back and have to pay.
Do not use anyone that sends you junk e-mail or advertises in the middle of the night.
Posted on 4/12/21 at 1:51 pm to TackySweater
What was your income level at the time? Probably best to save money and file it all yourself. When I was very young, I worked as a 1099 employee for several years and was barely scraping by. Didn't file taxes for like 3 years b/c I spent every dime I made and didn't have money to pay my self employment taxes come tax time. And then I was all freaked out I was going to jail for tax evasion. Eventually the IRS sent me a letter about my missing taxes, I filed them all and owed a good bit of money. Note that the penalties and interest are going to eat you alive. Those pretty much doubled what I owed. I worked out an installment payment plan with them on my own and paid them off over numerous years. Horrible decision making on my part all the way through and I paid a lot of stupid tax for that one.
Posted on 4/12/21 at 2:18 pm to jfw3535
Kinda my same situation. I think it’s only a couple years that I owed. Hoping that my most recent refunds will be able to just off set that.
Posted on 4/12/21 at 2:55 pm to TackySweater
Also if you are doing well then work dries up, so you don’t file the next year Bc you didn’t really have income, they don’t know this.
They are operating on minimal data and just assume you made about the same as last year filed.
They are operating on minimal data and just assume you made about the same as last year filed.
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