Top Questions That People With Unfiled Tax Returns Usually Ask
In our society, we may come across some people who are not paying their taxes and you may e surprised to know that they have been doing these for a very long time already. What about those people who have never ever paid their dues to the tax collectors? So many wonder about what will be the statute of limitations for unfiled tax returns. If there are some crimes who have their existing statute of limitations then is it possible that our government will allow this similar limitations for people who have never paid their taxes ever since or to people who have paid their taxes before and then stop paying it. There are a few cases wherein the taxpayer files for bankruptcy but they still doubt about the amount they owe to the tax bureau. Just because they have skipped paying their dues to the government for a long time, people are not that courageous enough because of fear that they will go to jail.
The taxes we file in the government and the common questions we might ask the bureau will be answered within this article.
1. Is it possible for me to pay my tax returns only for this year and those years wherein I failed to file my tax returns will be disregarded?
Well if you have an existing substitute filed return (SFR), then you don’t have a choice but to pay for it otherwise you will be punished and in some cases wherein there’s no SFR filed against you you can hire some tax return lawyer to negotiate in your behalf.
What if I don’t have enough money to pay for my taxes then, can I skip paying it for now?
If you fail to file your tax revenue then you can go to jail if discovered so you must really file it. There are some cases when this situation becomes a favorable factor in your life since you may e included under those taxpayers with Reasonable Collection Potential (RCP).
If I have some unpaid debts in the IRS, will they still allow me to get or renew my passport?
There’s no such rule to prohibit you from getting your passport however your passport can be nullified once you made some questionable transactions with the tax bureau or you were not able to follow every rules. To fix the problems about the validity of your passport, try to fix any issues that you currently have with the tax bureau and then appeal for the validity of your passport again because you may find that you can have it back.
So what are you waiting for?