Top Questions That People With Unfiled Tax Returns Usually Ask
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. What about those people who have never ever paid their dues to the tax collectors? So many wonder about what will be the statute of limitations for unfiled tax returns. So just like some criminals that have murdered or raped someone and these people who have what we call statute of limitations, can we verify the statute of limitations for those people who have never filed taxes at all. There are a few cases wherein the taxpayer files for bankruptcy but they still doubt about the amount they owe to the tax bureau. 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. Supposedly, I didn’t file any tax returns for many years already, does it mean that I still have to pay for those years that I skipped?
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.
Is there a need for me to apply for a tax return even though I can’t afford to pay my taxes?
If you fail to file your tax revenue then you can go to jail if discovered so you must really file it. Some people considered this point as a good timing when filing their revenues because of the 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. Just follow the rules and pay what you owe to the tax bureau first so that there will be no more existing violations and you can have your passport back.
Do not skip from paying your taxes and do not forget to file your tax revenues as well because it is an important matter.