Unfiled Tax Returns
You are required by the IRS to file your tax returns every year you have income. Failure to do so could result in lost refunds or additional taxes with penalties and interest.
Can I Lose My Tax Refund If I Don’t File My Taxes?
The answer is yes. You won’t receive a tax refund if you don’t file taxes. Even worse, you can lose your chance to get a refund. You have three years from the filing deadline to claim a tax refund.
Consequences of Not Filing Taxes
- If you haven’t filed taxes and the IRS owes you a refund, the only consequence is that you won’t receive your refund.
- If you have a tax liability and you don’t file, you will face several consequences. Such as:
- additional penalties and interest
- IRS can file a return for you (with no deductions or credits)
- collection/garnishment for unpaid taxes
- the chance that your identity will be stolen
Do I Have to File a Return for Every Year I Missed?
In some cases, you may not need to file every year that you missed a return. If your income was under the required amount to file, you don’t have to file taxes for those years, but you may want to if you are still eligible for a refund.
What If a Deceased Person Has Unfiled Tax Returns?
Depending on the situation, if a deceased person has unfiled returns, you may need to file them. Then the estate may need to pay the tax liability.
How Many Years of Back Taxes Do I Need to File?
The number of years you need to file depends on how long it’s been since you filed a tax return.
- You typically only need to file six years of back taxes.
How Do I File Unfiled Tax Returns?
If you’re a taxpayer with unfiled tax returns, you should reach out to a tax professional to help take care of your unfiled returns and back taxes.
Phone: (856) 477-4357 | Email: eddiemoneytaxresolution@gmail.com
Service Areas: Wayne County, Michigan, Oakland County, 75 Radius Excluding Canada