Port St. Lucie Lawyer for Unfiled Tax Returns

25 Years of Experience as a CPA Assisting Taxpayers

Harmon Tax Resolution, LLC is led by a CPA-Enrolled Agent who has provided in-depth tax preparation services for 25 years. If you are currently facing the consequences of an unfiled tax return or have questions about the aftermath of an unfiled return, we can help you understand your next steps and options. Working with a multi-licensed tax lawyer like William Harmon will prove advantageous to developing a multi-prong solution to your tax problems.

For efficient and cost-effective legal assistance on your unfiled tax returns in Port Saint Lucie, Stuart and Fort Pierce, contact Harmon Tax Resolution, LLC. Free consultations are available.

What Happens if You Don’t File a Tax Return?

If you have not filed your tax return by the due date, you may be subject to a failure-to-file penalty unless you have reasonable cause for your failure to file timely. Taxes not paid in full by the due date may also lead to a failure-to-pay penalty if you did not obtain an approved extension from the IRS. Interest will accrue on taxes not paid by the original due date, including penalties. 

Substitute for Returns

One crucial legal service we provide is properly addressing IRS Substitute for Return (SFR) filings. An SFR is a tax return the IRS will prepare on behalf of a non-filing taxpayer, usually about two years from when the original tax return is due. An SFR is generally prepared; when a taxpayer fails to file a return, the IRS can file an SFR that creates a tax assessment based on prior-year information and information obtained from third parties. Most of the deductions and exemptions you may be entitled to claim can be obtained only if you file the return. So, it is commonly the case that SFR assessments may overstate the amount of unpaid tax. 

SFRs can be a huge problem for a taxpayer because unfiled returns can potentially lead to the following:

• Criminal prosecution for tax evasion
• Increased extensions for your IRS statutes of limitations (legally speaking, the IRS has ten years to collect its tax debts; if you fail to file returns, you may be giving the IRS more time to collect)
• Prevention from wiping out your income taxes through bankruptcy
• Penalties and accruing interest starting from when the original return and taxes were due

You must come to the right firm when dealing with something as serious as unfiled tax returns. In addition to resolving your issues with the IRS, we provide comprehensive tax preparation services. After all, the ideal way to address the consequences of unfiled taxes is to prepare them properly, which our Attorney-Enrolled Agent-CPA Will Harmon can do for you. The IRS considers the Enrolled Agent the gold standard for tax preparers.