What To Do About Tax Returns Which Weren’t Filed Yet
It is not surprising to find out that some people don’t pay taxes to the government however what’s surprising is the fact that they have been doing this for a long time already with some of them are not paying their taxes for more than a year. So you may even consider it as an undesirable fact that until now, there are still people who have never paid the government about what they really have to pay? So many wonder about what will be the statute of limitations for unfiled tax returns. So just like some criminals that have murdered or raped someone and these people who have what we call statute of limitations, can we verify the statute of limitations for those people who have never filed taxes at all. In some events, those people who haven’t filed their tax returns was because of the fact that they are fully aware of the money that they have to pay just because they have filed for bankruptcy. Just because they have skipped paying their dues to the government for a long time, people are not that courageous enough because of fear that they will go to jail.
The taxes we file in the government and the common questions we might ask the bureau will be answered within this article.
1. So what happens if I wasn’t able to pay for my taxes in so many years?
Well if you have an existing substitute filed return (SFR), then you don’t have a choice but to pay for it otherwise you will be punished and in some cases wherein there’s no SFR filed against you you can hire some tax return lawyer to negotiate in your behalf.
Do I really to pay for my taxes or shall I file my tax revenue despite of the fact that I’ve been bankrupt and I don’t have enough money to pay for it?
No other options but to file since if you don’t and when the IRS will know about it, you can be considered as a criminal and may spend more time in jail. Some people considered this point as a good timing when filing their revenues because of the Reasonable Collection Potential (RCP).
Will they release or renew my passport once they discover that I still have a few amount of money to be paid in the IRS?
There’s no such rule to prohibit you from getting your passport however your passport can be nullified once you made some questionable transactions with the tax bureau or you were not able to follow every rules. Just follow the rules and pay what you owe to the tax bureau first so that there will be no more existing violations and you can have your passport back.
Do not skip from paying your taxes and do not forget to file your tax revenues as well because it is an important matter.