The Common Queries About Unfiled Tax Returns
It is not surprising to find out that some people don’t pay taxes to the government however what’s surprising is the fact that they have been doing this for a long time already with some of them are not paying their taxes for more than a year. 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. If there are some crimes who have their existing statute of limitations then is it possible that our government will allow this similar limitations for people who have never paid their taxes ever since or to people who have paid their taxes before and then stop paying it. In some events, those people who haven’t filed their tax returns was because of the fact that they are fully aware of the money that they have to pay just because they have filed for bankruptcy. Just because they have skipped paying their dues to the government for a long time, people are not that courageous enough because of fear that they will go to jail.
Right after reading this article, you will be able to familiarize what you must know about taxes.
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?
There would e no other options aside from paying once the tax bureau have an existing substitute filed return for you but in any case, hiring a tax return attorney can also make your payments negotiable.
What if I don’t have enough money to pay for my taxes then, can I skip paying it for now?
You have to because if you fail to do so, you might spend some time in prison. There are some cases when this situation becomes a favorable factor in your life since you may e included under those taxpayers with Reasonable Collection Potential (RCP).
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. To fix the problems about the validity of your passport, try to fix any issues that you currently have with the tax bureau and then appeal for the validity of your passport again because you may find that you can have it back.
File your tax returns now to avoid any penalties and jail time.