The IRS can pounce without warning if you haven’t filed tax returns.
Tax season is special. Few people enjoy it, but most somehow make the effort to file. For some the incentive is a refund. For those who have to pay, the incentive may be to prevent interest charges and fines.
Then there are the people who fail to file a return. Maybe for several years. If they owe taxes, the IRS can pounce without warning to seize assets and even press criminal charges.
There are plenty of scams on the Internet and TV promoting pennies-on-the-dollar tax settlements. Investigate them very carefully before making a commitment. Ask yourself: Would I be more comfortable dealing with an unknown voice on the phone, or face-to-face in an office with an experienced, local attorney?
Then there are the storefront tax shops that spring up promising more money on refunds. Faster refunds. Bigger refund loans. In too many cases angry customers arrive to find the tax shop is locked up and their refunds stolen.
Here’s my recommendation: File your tax return on time. If you are unable to pay the amount owed, call us immediately for a free consultation.
Mark Leffler, Chief Counsel, and Shareholder joined Boleman Law Firm in 2000 after practicing real estate, business litigation and corporate formation law. He is an author, editor and frequently a featured speaker on consumer bankruptcy matters.
Mark was raised in Williamsburg, VA, and lives in Norfolk, VA with his wife, Leigh, and two children. He is an accomplished martial artist who also enjoys snow skiing and fishing with his kids and traveling with his wife.