If it’s been some time since you last filed your tax return, the idea of catching up can feel overwhelming. Fortunately, it’s never too late to get compliant — and in some cases, you might even be entitled to a refund.
Why You Should File
The most important reason to file your tax return? Because it’s the law.
Failing to file with the IRS — even if you don’t owe money — is considered illegal. You could face criminal charges for up to six years after the return’s due date, and the IRS can still pursue older debts beyond that period.
Filing on time each year also prevents 5% monthly penalties and accumulating interest that increase your balance. If you’re self-employed, skipping returns could also mean losing future Social Security retirement or disability credits.
Even if you’ve missed several years, it’s still possible to recover funds. You can claim any eligible refunds by filing within three years of the original due date.
How to File Past-Due Returns
In most cases, the IRS focuses on the past six years of unfiled returns. Start by prioritizing that period first.
Then, gather all documents you’ll need to complete those returns. You can also contact the IRS to request wage and income transcripts, which provide details from your W-2s, 1099s, and other tax forms.
Finally, partner with an experienced tax professional who can review your situation, track down missing records, and create a plan to help you stay current moving forward.
Get Assistance
Book a free consultation with one of our tax professionals to start resolving your past-due taxes today.
