Delinquent Tax Filings

The Internal Revenue Code and the laws of most States require that people who earn income to file tax returns each year.  If a person does not file tax returns, not only does he or she risk criminal penalties, but are almost guaranteed large civil penalties imposed on them because of the failure to file.  As a result of these penalties and interest, the amount a person is required to pay after three or four years of not filing is usually at least double the amount of tax originally owed.

There are certain strategies that must be put into play when filing several years of back tax returns.  Questions such as which returns should be filed first and whether both a husband and wife should file jointly or separately, must be answered immediately.  Sometimes, a taxpayer does not even have his or her records for the delinquent years and decisions have to be made regarding how to determine the amounts of income and expense to report on the returns. Whether late filing and late payment penalties can be removed should be looked at. In addition, what assets can legally be protected from tax authorities must be explored and strategies considered to safeguard a taxpayer’s future economic well being.

After 41 years of working with the IRS and other State and Governmental agencies, Joseph Falcone knows how to get you through filing back tax returns and getting back “on track.”  More importantly, Joseph Falcone can help you plan for your future.  Taxes are not intended to ruin your life.  There are ways to get past the hopeless and helpless feelings that many people experience when faced with years of unfiled tax returns.  Joseph Falcone will give your situation his personal attention and apply his experience to solve your specific problems.