This is the day that everyone who owes tax hates. Really hates.
Some will chose to ignore it completely and those are the ones that will really benefit from my book “Don’t Mess With The IRS” which can be purchased at Amazon.com for $14.95 plus shipping. This realistic self-help book explains how to file late returns and take care of any back tax issues to your benefit. Do not believe all the hype those so-called tax resolution experts advertise for getting pennies on the dollar. If it was that easy, who would ever pay their taxes when due? There are times when an Offer in Compromise is a realistic and acceptable option but you would be able to verify this for yourself by going to the official irs.gov website to see if you even qualify. You can write up the offer yourself with a little work. The workbook the IRS sends you to do this is pretty self-explanatory. Sure beats paying someone thousands of dollars that you could be using towards your tax obligation.
Please be aware of the many unscrupulous people there are out there advertising that they can help you with any tax issue or get you a bigger refund, especially since the IRS offers all kinds of free filing help for qualified individuals. Do not pay unless you have to. Please refer to the irs.gov site to verify if you qualify. If not, be aware of anyone you select to help you file no matter what their title is. I have seen all kinds of cons and scams regarding tax reporting. Sometimes the taxpayer is in on it. If anyone asks you to fudge something or tells you that you don’t need documentation for your deductibles don’t use them. It will always come back to bite you and your accountants or preparers are not liable for these returns no matter how poorly or fraudulently they are prepared. You the taxpayer are accountable. If you sign the return, you better know what you are signing.
I worked with some individuals years ago that told me there were fraudulent tax preparers that asked them to pretend to be self-employed so they could file false returns and split the refund generated from the fake return. Just remember yours in the only neck that will be on that chopping block when the IRS finally realizes the return was falsified and you signed it. By that time, the preparer is long gone. Since crooks like this usually have a number of people they do this with, it does not take long for that preparer to be linked to a number of fraudulent returns and quicker still to verify the other returns they signed as a preparer on. Computers are great for this purpose.
Please refer to my previous posts for more filing information as needed as well as the official IRS website irs.gov.
Again “Don’t Mess With The IRS” is a must have for anyone that has to contact the IRS for any tax issue. $14.95 is a much better price than losing thousands to someone who may not even attempt to resolve your IRS problem. There is a chapter that addresses the decision to hire a representative and the best way to prevent being scammed.