What To Do About Tax Returns Which Weren’t Filed Yet
There are some people who haven’t paid the taxes that they owe to the tax bureau. So what those who are not even scared that since birth they have never paid their government dues? So many wonder about what will be the statute of limitations for unfiled tax returns. There are some people who might be wondering about the existence of a statute of limitations for anyone who may not have paid their taxes for a long time or for those who have never paid at all. There might be some people that are still not sure about the amount they have to pay in the government after they have gone bankrupt. While these are the most common reasons of not filing tax returns however we can not deny the fact that some percentage of these people are scared of being locked up.
The taxes we file in the government and the common questions we might ask the bureau will be answered within this article.
1. Is it possible for me to pay my tax returns only for this year and those years wherein I failed to file my tax returns will be disregarded?
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.
Is there a need for me to apply for a tax return even though I can’t afford to pay my taxes?
You have to because if you fail to do so, you might spend some time in prison. Reasonable Collection Potential (RCP) can help you pay less amount of money for your dues and the perfect time to do it is when you don’t have enough money to pay for your taxes.
Will they release or renew my passport once they discover that I still have a few amount of money to be paid in the IRS?
Once you violated the IRS, your passport may be subject for cancellation but if you didn’t violate any policy then you are still entitled to get your own passport. So in order for you to have your passport valid again, try to pay your dues and other requirements first.
So what are you waiting for?