There are countless scenarios that can cause someone to neglect filing their taxes for a year, such as financial difficulties, stressful life events, or even a missed deadline. If you’ve realized that you failed to properly file and submit your taxes last year, the first thing to know is that you don’t need to panic. Many people find themselves in this situation, and it’s never too late to resolve the issue.
If you’re not sure how to go about filing past years’ taxes, our team at Denson Pepper CPA would be honored to assist you. For over 40 years, we have been helping individuals and business owners alike with their complex tax concerns, and we’re confident that we can help you achieve tax compliance again.
When you contact our team to ask about filing past years’ taxes, here’s what you’ll need to do to prepare for your initial consultation:
- Collect your financial records. To ensure accuracy, we’ll need all the necessary documents that show your employment history, income statements, and expenses. If you’re missing certain tax forms, having bank statements can be useful for fully understanding your financial situation.
- Determine which years you didn’t file taxes. If you have missed more than one year of filing taxes, we can review your tax history and determine which years will need to be filed.
- Check your tax liability or see if you qualify for refunds. Filing past years’ taxes can sometimes mean getting a refund, but in other cases, it can mean owing the IRS money. A CPA can review your financial situation and help you find tax relief options, if necessary.
If you have any questions about filing past years’ taxes, please reach out to us today.