If you have not filed state or federal tax returns from past years for yourself or your business, you or your company will be liable for both interest and penalties on past due taxes. In extreme cases, you can even be subject to prosecution. While tax authorities may not take action immediately, within a few months or years they will start to pursue you for your missing returns and taxes.
We can help you get in compliance with the law. Before your situation can be resolved, all the delinquent returns must be filed. You must be current. In most cases, you will likely owe taxes, interest, and penalties after the returns are filed. However, we can help reduce the amount you owe by making sure your return has all the deductions you are entitled to, thus minimizing your tax liability for the delinquent years.
If you voluntarily file your delinquent returns you'll likely avoid further problems other than having to pay the interest and penalties. The sooner you bring your returns up to date, the better.