Unfiled tax returns can quickly spiral into a significant financial and legal problem. If you’ve avoided filing due to inability to pay or simple procrastination, you may already face mounting penalties and interest. The longer you wait, the higher the costs—and the greater the risk of severe consequences, including criminal charges.
At Thomas Taylor, CPA, we specialize in helping individuals and businesses resolve unfiled tax issues. By taking proactive steps, you can regain control of your finances and avoid the harsh penalties imposed by the IRS.
Not filing your tax returns is considered a criminal offense. The punishment can include fines and up to one year of jail time for every year of unfiled taxes. As the IRS continues to improve its tracking systems, the likelihood of being flagged and penalized grows exponentially.
Unpaid taxes accrue interest and penalties rapidly, increasing your total debt. By voluntarily filing your delinquent returns, you can minimize the financial impact and take advantage of deductions and allowances still available to you.
Failure to resolve unfiled returns can lead to garnished wages, seized assets, and significant disruptions to your financial stability. Taking action now ensures you protect what you’ve worked hard to build.
Don’t wait for the IRS to take action against you. Filing your non-filed tax returns voluntarily is the first step toward resolving your tax issues and protecting your financial future.
Contact us today to schedule a consultation with Thomas Taylor, CPA. Let us help you get back on track and regain peace of mind.
Telephone : 423-648-8272
6716 Heritage Business Court, Suite 110 Chattanooga, TN 37421