Back Tax Return Preparation

Keeping current with your income tax returns is essential for two reasons:

  1. If you owe back taxes, you will be subject to stiff late filing penalties plus interest on what you owe. Failure to deal with the IRS could result in devastating financial consequences for your business. The sooner you deal with this issue, the less it will cost.
  2. If you are due a refund or have had business losses, you need to claim the refund or apply the loss to a back year when you paid taxes to claim a refund. You can go back only 3 years to claim a refund from IRS. After 3 years, you still must file, but your refund is lost.

We can help you get caught up with the IRS and state tax department quickly and easily for a fairly modest fee.  If you have a refund due, you will end up with extra cash, possibly a substantial amount, which would help in operating your business.  If you owe money and are unable to pay the balance due in full with your amended return(s), we can help you to arrange a payment plan with the IRS or other tax authority.

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Give us a call today at (804) 204-1040 or send us an email.