Unfiled Tax Returns, Late Filed Tax Returns, Lost Tax Returns
Unfiled Tax Return Attorney Colorado tax attorney helps taxpayers with unfiled, late and lost state and federal tax returns.
Willfully failing to file tax returns when required is both a state and federal crime. If a taxpayer is caught and convicted for not filing their tax returns, they could face jail, substantial criminal fines and penalties, and then the assessment of the taxes -- along with additional substantial civil tax penalties and interest.
In many cases, the government will file tax returns for taxpayers who fail to file their own tax returns. This allows the government to immediately assess taxes, penalties, and interest and, based upon this government-created tax return, begin the collection process (which may include wage garnishments, bank levies, and the seizure of personal and business property that the taxpayer owns).
This scenario is particularly problematic because government-created tax returns will typically fail to take into consideration any tax laws that are favorable to the taxpayer. For example, government-created tax returns will often apply only one tax exemption, fail to list any deductions in excess of the standard deduction that the taxpayer may be entitled to, and will disregard the basis in calculating the gain on any investment or business assets that the taxpayer sold. The net result is often an outrageously large tax bill.
An experienced tax attorney can help you prepare and file previously unfiled tax returns, late filed tax returns, and lost tax returns.
