deliquent tax problems

If you have not filed your tax returns and no longer have any of your records don’t worry.  Equity Search can work on your behalf to contact the IRS and receive copies of your records that it has on file.  In most case we can obtain those records in a few days.  It is essential when filing delinquent tax returns that you report all income that has been reported to the IRS. 

In many cases, if you have not filed your tax returns, the IRS will file returns for you.  These returns are called SFR’s (substitute for return).  When the IRS does this it usually does not give you all the deductions or exemptions that you may be entitled to. This usually results in a larger tax liability than if you filed your own return.  In addition to the tax being due, the IRS will start charging you interest and penalties every until the balance is paid in full.  Equity Search has been very successful with clients who have delinquent tax returns.  In many cases we have been able to get our clients current with their filings and in the end, when all is said and done, many received a refund from the IRS.