Before attempting to resolve a tax debt, it is important that all delinquent returns have been filed with the IRS or State Tax Agency. This is an important step even if a client cannot pay the tax balance due (back taxes) because the action of filing the returns stops the accrual of late filing penalties. In addition, the IRS or State Tax Agency will prepare their own return using incomplete information when one has not been filed. These agency generated returns often omit credits and deductions that would result in tax savings for the taxpayer.
The CPAs and tax professionals at BCH Consulting, Inc. are experienced in the process of filing past due returns. They know how to retrieve any necessary tax documents and information that a client may be missing and also how to use available deductions and credits to achieve the maximum tax benefit for the client.