File Your Tax Returns Before the IRS Does it for You!
Apr 3, 2012
There are plenty of tax filers who procrastinate filing their returns. There are others who just don't file at all, for one reason or another. Some owe money to the IRS, some are afraid of owing money. Some feel the process is too complicated, some attempt to sweep it under the rug. Whatever the reasons, if you decide not to file your IRS tax return, or put it off too long, the IRS just may file it for you.
When the IRS receives information that an individual has taxable income, like a 1099, W-2 or a report of interest or dividends paid, they usually provide the individual with ample time to file, maybe even a number of years. But if the proper returns aren't eventually filed, the IRS may file what is called a "substitute return" in its place. A substitute return can take the place of the return that you should have filed. It can also have disastrous consequences, because it usually puts the tax filer in the worst possible tax situation.
The reason a substitute return, sometimes referred to as a "ghost return" leaves the tax filer at such a disadvantage is because the IRS only files the return related to income information. They have your income statements as reported to them by those who paid you, but they don't have the deductions. They don't bother to add your dependents or spouse. They always use single filer status. The IRS doesn't document your medical or education expense, charitable contributions or a whole host of other things that reduce your tax liability.
Jackson Hewitt Central Florida already knows how to find every deduction you qualify for and get you the most money back on your federal return. But they can't help you if you don't file. Non-filers may see some years pass, but the IRS will eventually file those past returns and send along the bill to you with penalties and interest. That's why it makes sense to file your past due or current tax returns right away.
Even if you already received a substitute return from the IRS, Jackson Hewitt Central Florida can file your actual return. You'll still owe unpaid tax as well as penalties and interest, but you'll almost certainly owe much less than you think.
A visit to www.JackosnHewittCentralFlorida.com is the best way to start the process of getting your non-filed returns up to date. Jackson Hewitt tax preparers will work with you in the strictest of confidence to get all returns filed and help you save the most money on your tax obligations.