Bail Out and Past Due Tax Returns - Spells Trouble for Many

With the bail out money ...... who do you think is going to have to pay the cost? You/we the taxpayer will be required to provide the cash flow to make the bail outs work.

Your next thought might be, "Won't money be tight?" The answer is yes. AND guess where they will start looking for large sums of extra cash?

You got it ..... from past due tax returns.

It is only a matter of time before the squeeze will be on. (More so then at the present time) The IRS will be looking for money and if you have not filed your past due tax returns, they will be looking for you.

Sure, there will be a step up in snail mail communications. Then there may even be a massive telephone campaign, if they can put it into the budget. But sooner or later, they will develop an aggressive campaign to contact taxpayers who have not filed past due tax returns, based on W2 information and mortgage interest information.

Now is the time to put "past due tax returns" on your list of things to do.

Not to worry there are online services that are bonded, and licensed and registered with the IRS to complete past due tax returns and http://taxeswilltravel.com/ is one of these services.

Taxpayers can get a simple Federal and State tax return completed for less then $50. and within a very short period of time. More complex returns cost a little more. Many times the IRS can be satisfied just by "us" calling them and asking for wage information to file your past due tax returns

Tax Professionals in the state of California are required to attend tax school EVERY year to keep up with all the new tax laws. There are confidential requirements that we must adhere to.

http://Taxeswilltravel.com/pdr.com uses a secure fax line and all information obtained from the IRS is completed in confidence and destroyed accordingly once the tax return has been completed (except what has to be maintained by law)

Because I am not a tax attorney, our fees are extremely affordable and can benefit moderate income taxpayers greatly. Of course if you earned over $250,000 with a gift tax issue and major AMT concerns, your best bet would be to contact a tax attorney. However, if you have a low six figure income or below, with investment property, investment income, a house or two, a kid or two, a dog or cat, child in college, a small business or you sold some stock during those years - we can more then help.

C. Ingraham
Tax Accountant
Federal & State Taxes