admin 
Avoid letting unfiled returns start a chain reaction that puts you in a precarious legal and financial situation. If you understand how to file unfiled tax forms, you might avoid fines that might follow you for years. Furthermore, the benefit of making amends with the IRS is that you can come out on the other side with a refund.
Not filing does not help
Avoiding filing taxes should not be motivated by a fear of not being able to pay what you owe. Only after filing for all of your outstanding taxes, one will be eligible for IRS debt relief. It is crucial to understand what happens when the IRS alerts you that you have unfiled taxes before discussing how to resolve unfiled tax returns.
Missing opportunities
Even though you did not submit a tax return, you now owe money on your taxes or your tax bill that is higher than you anticipated. An instalment arrangement cannot be obtained without the missing returns, including the SFRs being filed. You are unable to file an Offer in Compromise in case of unfiled returns. If you did not file those returns, bankruptcy will not erase previous years’ worth of taxes. Additionally, the State and IRS will keep attempting to collect on the SFR billings.
Consequences
Not filing a tax return can have some immediate financial consequences as well. Your non-filing status will be disclosed to lenders, brokers, and other financial organizations if you apply for a mortgage, try to get a loan, or ask for federal tuition assistance. There is even the chance of dealing with things like tax liens, wage garnishments, and criminal prosecution.
File the missing portion
The easiest approach to steer clear of tax nightmares in the future is to have your taxes properly prepared each year. Look for a tax professional near me to help you with a variety of tasks, including organizing your unfiled taxes, figuring out how far back you need to file, making sure your filings are right, and applying for any applicable penalty relief.
As unfiled tax is not a problem that is solved on its own with time, prompt action is all you can do. Having experts to lead you can make your whole journey easier to make amends with the IRS.