Tax Problems In Dallas TX For Non - Filers
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You know that when someone owes you money, it keeps you from being able to pay your bills on time. With the U.S. Government debt clock reporting the gross federal debt to be around $18,244,241,800,000, it might not seem that one person's tax bill would make much of a difference. That might make it easy to justify not filing if you've had financial or tax problems in Dallas TX, however, according to Forbes, the Tax Gap (the amount of annual taxes that aren't paid on time) totals around $385 billion. While it's true that it would take close to 47 years to dig out of the over $18 trillion hole paying "only" $385 billion annually, at least it would be a start. The bottom line is, if the Tax Gap were eliminated, it might be one step toward economic stability.

The Tax Gap isn't just an issue for the Internal Revenue Service, however. Because the IRS is always working on upping their efforts to track down non-filers, it's a topic all U.S. citizens should be aware of, and one that can cause tax problems for Dallas TX individuals who are non-filers. The IRS does all their homework on non

-filers, building a case before they even contact the individual. They've collected employment and bank account information, even the individual's standard of living. Additionally, if a person doesn't respond to IRS requests to file and pay, the IRS will prepare a tax return and file it for them.

There are a number of reasons a person may not file but, other than having no income, none of them are legitimate excuses, and not filing typically costs you money in the long run. Fox Business reports on a man who managed to get away without filing his taxes for 20 years. It turned out that he wasn't at the top of the IRS's priority list because, when he finally contacted a professional to help him clean up his mess, they discovered that some of his returns would have paid tens of thousands of dollars in refunds. They would have, that is, if he'd filed on time. Refunds have a three-year expiration date and can't be claimed after that time.

The moral of that story is that it doesn't really pay to be a non-filer. The taxes that are due will always be due, with penalties and interest added on, and you may not be able to get your hands on any refunds that would have been due. If you've had tax problems in Dallas TX, don't try to solve them by not filing. Instead, contact the Law Office of William Kunofsky. For over 30 years, he's worked with individuals and businesses to find real solutions to their tax issues. From audits to appeals and help with negotiating payments, lien releases and eliminating or reducing fines, William Kunofsky can help clear the path for your financial future.


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