Tax Resolution Services
Working with you from the first step of tax debt resolution, Direct Tax Relief has tax accountants ready to prepare your unfiled tax returns.
Not filing a tax return is one of the worst things you can do in the eyes of the IRS. Whether you forgot or willfully ignored them, unfiled tax returns can be considered a crime, with punishments of up to $25,000 in fines and a 1-year prison sentence for each unfiled tax year. But instead of avoiding them, unfiled returns should be prepared as soon as possible to limit the accumulation of penalties and compound interest. Direct Tax Relief can prepare unfiled tax returns, correcting them so you can gain relief and reduce your tax debt.
When you don’t file returns on time, the IRS will file Substitute for Returns (“SFR”), based on 3rd party information such as W2, 1099 or K-1 forms. You want to prevent the IRS from filing an SFR return, because they will not account for valid deductions such as business expenses that you are entitled to, thus inflating your tax, penalties and interest owed. If the IRS does file a substitute return on your behalf, the tax professionals at DTR can still prepare and file your actual return – possibly saving you thousands of dollars in tax, penalties and interest.
With 2,600 approximate pages in the US Tax Code, 105 instruction pages to fill out a 1040 Form, and more than 5,000 code changes, taxes are complicated. And it can get even more complicated if your taxes have been impacted by divorce, multiple businesses, investments, or partnerships. At Direct Tax Relief, our experienced professionals have been making the tax process easy for our clients for over 15 years.
Our tax preparers are able to prepare individual as well as complex business tax returns, which include the following: Form 1040, Form 1040NR, Form 1040 with Schedule C and Schedule E, FBAR FinCEN Form 114, Form 1065, Form 1120, Form 1120S, State income tax returns, State sales tax returns and Form 940, 941 and 944 payroll tax returns.
With DTR’s Help
Avoid costly penalties and fines
Become compliant once returns are filed
Move forward with resolving back taxes
Experts able to prepare complex business tax returns
If you owe tax debt, an Offer In Compromise can help you settle it for less. DTR has the expert negotiation skills needed to get your tax debt reduced as much as legally allowed.
If you’re a business owner who fails to file or pay payroll taxes, Direct Tax Relief will negotiate with the IRS to reach a resolution and protect your business from shutting down.
Direct Tax Relief negotiates with the IRS to have these difficult penalties removed from your account, getting you out of debt and back to freedom, based on reasonable cause.
Working with you from the first step of tax debt resolution, Direct Tax Relief has tax accountants to prepare your unfiled tax returns, whether it's an individual return or complex corporation returns.
At Direct Tax Relief, we'll negotiate with the IRS to create an easy, affordable payment plan that gets you in compliance, and works with what you can afford, preventing future IRS wage and bank garnishments.
If your individual or business tax returns are being audited, Direct Tax Relief’s tax experts can take over your audit proceedings to ensure you get the resolution you deserve.
When your taxes remain unpaid and a bank levy is issued, Direct Tax Relief can help you find a resolution so you can avoid frozen bank accounts and money seizure and, in some cases, have current bank levies released.
When your wages, commissions, and Social Security income are being garnished because of unpaid taxes, DTR will negotiate with the IRS to put a stop to it.
If you’re a retail store, contractor, or provide in-home services, you could face state tax issues. But the experts at Direct Tax Relief have expert guidance and solutions to get you on the road to tax debt freedom. We can also help with state income, payroll and sales tax issues.
In certain situations, Direct Tax Relief may be able to have your federal tax lien released, once we complete resolution of your case.
For married couples, filing your taxes jointly can provide many benefits–but it can create problems. If you have tax liabilities, interest, and penalties as a result of filing jointly, DTR professionals can get you on the road to being tax debt free.
If you are looking to refinance your house but have a federal tax lien, the tax professionals at Direct Tax Relief will pursue all avenues to find a solution through a lien subordination.
Unfiled tax returns can trigger penalties, interest, and IRS enforcement activity. Direct Tax Relief explains that unfiled returns should be prepared as soon as possible to limit the buildup of penalties and compound interest. The IRS also says it may file a substitute return for you if you do not file voluntarily.
Yes, you can still file past-due tax returns. The IRS says filing late returns is important because you may still be able to claim a refund, and filing also helps you move toward compliance. Direct Tax Relief positions unfiled return preparation as an early step in resolving larger tax debt issues.
Yes, filing is still important even if you cannot pay in full right away. The IRS says taxpayers who owe more than they can pay may still request more time, an installment agreement, or possibly an Offer in Compromise after filing. Filing first can help reduce the damage caused by continuing noncompliance.
A Substitute for Return, or SFR, is a return the IRS may prepare on your behalf when you fail to file. The IRS says that return may not give you credit for deductions and exemptions you may be entitled to. Direct Tax Relief also notes that SFRs are typically based on third-party records such as W-2s, 1099s, or K-1s, which can inflate the tax balance.
Yes, in many situations you can still file your actual return after the IRS has created a substitute return. Direct Tax Relief states that if the IRS files an SFR, its team can still prepare and file the real return, which may reduce the tax, penalties, and interest. The IRS also gives taxpayers a window to file a past-due return after issuing a proposed assessment notice.
For many individual returns, the IRS says the failure-to-file penalty is generally 5% of the unpaid tax for each month or part of a month the return is late, up to 25%. If the return is more than 60 days late, a minimum penalty can also apply. Other return types, including partnership and S corporation returns, can have different penalty calculations.
Yes, you can lose a refund if you wait too long to file. The IRS says that if you are due a refund, you generally must file within 3 years of the return’s due date to claim it. It also says refunds may be held when prior-year returns are still missing.
Yes, they can. The IRS says loan approvals may be delayed because lenders and financial institutions often require copies of filed tax returns for mortgages, refinancing, business loans, and some education aid applications. Getting current on tax filings can remove one major obstacle in those situations.
They can. The IRS says that if a self-employed person does not file a federal income tax return, that self-employment income may not be reported to the Social Security Administration. That can reduce or delay credits tied to Social Security retirement or disability benefits.
Unfiled return preparation may include both individual and business tax filings. This can involve personal income tax returns, self-employment income reporting, partnership or corporate returns, and various supporting schedules. State tax filings may also need to be addressed if they are missing. Preparing all required returns is often the foundation for resolving larger tax issues.
