How Good People Solve Bad IRS Problems - Nick Nemeth - Manual / Resource - Page 22
End Your IRS Problems
and put a note next to your guesses, so the tax
professional will know how you came up with the
number. The IRS will accept the best available
information (i.e., guesses).
4. When completing a tax organizer for untiled
returns, do not get overly aggressive with
deductions that you cannot clearly substantiate if
you’re required to do so by the IRS. The last thing
you need, in addition to being behind on filing,
is for them to start auditing the returns you do
file. If you’re like most taxpayers with unfiled
returns, you probably don’t have the money to pay
the amounts owed on the returns. You’ll likely be
requesting some kind of deal with the IRS to pay
less than the total amount owed. Knowing this, it
makes no sense at all to file aggressive tax returns
when you know you can’t pay what you owe. On
the other hand, if you intend to write a check to
the IRS for whatever you owe, then take every
deduction allowed.
5. WARNING: If you have multiple years of unfiled
filed tax returns, try to prepare one year at a time.
Do not try to gather all the information for all
the years at the same time. In most cases, it’s too
stressful to try to locate all of the information at
one time. Break the project up into one year at a
time.
6. File each tax return by mail. Do not include more
than one tax return per envelope if you have
multiple returns prepared at the same time ...
mail one every couple of days. This avoids one
IRS employee having all of your returns show up
on their desk on one day, which may cause some
curiosity or suspicion.
7. The IRS will send you a letter for each tax return
you file (a “bill”). Don’t be alarmed ... that’s
supposed to happen. Wait until you receive all of
them before deciding what course of action you’re
going to take. If you start dealing with each letter
(bill) independently, you’ll confuse yourself ... and
the IRS. Only proceed to the next step after you
have received all the letters (bills).
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