How Do I File Returns for Back Taxes?
March 8, 2023 by Jill B.
How Do I File Returns for Back Taxes? Tax Facts:• A taxpayer can file back taxes for any past year, but the IRS usually considers a taxpayer in good standing if they have filed the last six years of tax returns.• If a taxpayer was qualified for federal tax credits or refunds in the past…
Unpaid IRS Taxes: What You Should Know
March 2, 2023 by Jill B.
Unpaid IRS Taxes: What You Should Know If I can’t pay my income taxes, should I still file my return? The penalty for an unfiled return is much greater than the penalty for not paying. If you fail to file your return, the IRS charges a monthly penalty that equals 5% of your balance. The…