Experienced Past Due Tax Return Experts in California
Our team of experienced tax professionals is ready to work with individuals and businesses that have past due tax returns or unresolved tax obligations. IRS past due taxes can become more difficult to manage when returns remain unfiled, or balances continue to accumulate with penalties and interest.
The same applies to California tax obligations. FTB income tax liabilities, EDD payroll tax obligations, and CDTFA sales and use tax liabilities can create significant financial pressure when they remain unresolved.
Leading Tax Group is a Tax Resolution Firm consisting of FTB Tax Attorneys, Auditor, appeals officer, tax agents, enrolled agents, accountants and support staff whom provide tax resolution services with tax issues throughout the United States.
Our professionals can review the available information, determine which returns or tax obligations may require attention, and help you understand the next steps. Depending on the circumstances, this may involve preparing past due returns, responding to tax notices, addressing outstanding balances, or exploring available tax resolution options.
Taking action early can help taxpayers avoid allowing a past due tax issue to develop into a more serious collection matter.
Timely Past Due Tax Return Filing in California
One of the most important steps when dealing with past due taxes is determining which returns are missing and gathering the documentation necessary to prepare them accurately.
For federal tax obligations, this may include obtaining W-2s, 1099s, income records, expense documentation, and other information needed to prepare outstanding federal returns. California taxpayers may also need records relating to FTB income tax obligations, EDD payroll taxes, or CDTFA sales and use tax reporting.
Leading Tax Group is a Tax Resolution Firm consisting of CDTFA Tax Attorneys, Auditor, appeals officer, tax agents, enrolled agents, accountants and support staff whom provide tax resolution services with tax issues throughout the United States.
The first step is to locate all information that may be missing. This includes identifying the tax years involved, reviewing previously filed returns, and gathering supporting financial records.
It is important to prepare and file accurate returns because incorrect information can create additional tax problems. Taxpayers who are unsure which returns are required or how their past due obligations should be addressed can seek professional guidance before submitting the outstanding returns.
Once the returns have been completed, taxpayers may still have a balance due. Depending on the circumstances, there may be different options for addressing the outstanding tax liability.
Dealing With IRS Past Due Taxes
When federal tax returns remain unfiled or federal tax balances remain unpaid, the IRS may assess penalties and interest and may begin collection activity. IRS past due taxes should therefore be addressed as soon as possible rather than allowing the balance to continue accumulating.
The IRS may also prepare a Substitute for Return (SFR) when a taxpayer does not file a required return. An SFR may not include deductions, credits, or other information that the taxpayer could have reported on a properly prepared return.
Leading Tax Group can review past due federal returns and help taxpayers understand what information may be required to address outstanding IRS filing and tax debt issues.
