Haven't Filed Taxes in Years? Here’s What To Do! [Step by Step]

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  • Опубликовано: 5 июл 2024
  • ➡️ Request your FREE tax relief consultation at choicetaxrelief.com/free-tax-...
    Today I am talking about filing previous years' taxes, also known as unfiled tax returns, for folks who haven't filed taxes in years.
    In this video, I give you a seven-step game plan on what to do if you haven't filed taxes in 3 years, 5 years, 10 years, 15 years, and even 20 years!
    There are many consequences of not filing your tax returns, and it's generally in your best interest to file your unfiled returns as soon as possible.
    ⬇️ More Tax Relief Videos:
    - What Happens If You Don't File Your Tax Returns?: • What Happens If You Do...
    - How to File Your Back Tax Returns: • How to File BACK TAXES...
    - My Offer in Compromise Basics Video: • Offer in Compromise 20...
    - My Tax Relief Videos Playlist: • TOP ALL-TIME TAX RELIE...
    Table of Contents:
    0:00 Will You Go to Jail For Not Filing Your Taxes?
    1:40 What To Do If You Haven't Filed Taxes in Years
    2:45 Step 1: Obtain your wage and income transcripts for all your unfiled years.
    4:58 Step 2: Determine if the IRS has filed SFRs for you.
    13:41 Step 3: Determine which of the SFR years you should file.
    18:16 Step 4: Determine which of the non-SFR years you should file.
    25:31 Step 5: File the returns you decided you should file.
    26:28 Step 6: Request penalty abatement.
    26:50 Step 7: Pay the balance due or seek tax relief.
    #backtaxes #taxdebt #taxes

Комментарии • 206

  • @OblivionAviator
    @OblivionAviator 6 месяцев назад +9

    HUGELY helpful information! Thank YOU for this!

  • @faithgagne7149
    @faithgagne7149 4 месяца назад +2

    Thank you for all your help ! This was very informative.

    • @LoganAllec
      @LoganAllec  4 месяца назад

      You’re welcome! Good luck!

  • @thehelm658
    @thehelm658 Месяц назад +1

    THIS WAS SO INFORMATIVE! I HAD NOT FILED SINCE 2015 UP UNTIL LAST YEAR. I HAD ALL TAX YEARS PREPARED TO DATE BECAUSE I HAVE TO FILE BANKRUPCY AND WAS TOLD BY MY BANKRUPCY ATTORNEY I HAVE TO CATCH UP ON MY TAXES PRIOR TO FILING ETC ETC. SUBSCRIBED! TAX STUFF IS SO CONFUSING!

  • @ivanmadethis
    @ivanmadethis Месяц назад +3

    It's crazy how complicated this stuff is! Thanks for making it a little easier to understand.

  • @LivingAlignedLMT
    @LivingAlignedLMT 2 месяца назад +2

    Thank you for this detailed video. I was able to locate my tax detail and credits using the irs website!

  • @lovely31bluprint
    @lovely31bluprint Год назад +5

    GLAD TO SEE YOU BACK

  • @HoodieSource
    @HoodieSource 4 месяца назад +3

    I only want to deal with these guys if I’m dealing with this exact guy in the video 😂.
    He’s very knowledgeable and have connected the dots to some of my questions. ❤

  • @justinvallejos7378
    @justinvallejos7378 6 месяцев назад +6

    Just saw i can do a long term installment plan thank god 🙏

    • @LoganAllec
      @LoganAllec  6 месяцев назад +2

      Nice! Sometimes that’s the best thing to do.

  • @brett76544
    @brett76544 3 месяца назад +10

    The question is, who is required to file. Once that is answered, everything comes into place.

  • @moneka72
    @moneka72 Год назад +1

    I am going to call your company tomorrow. I want to hire you. I am now self-employed filing first-time LLC

  • @mattofella
    @mattofella 3 месяца назад +3

    This video eased my mind soo much…

  • @allenjohnstone9945
    @allenjohnstone9945 2 месяца назад

    I'm in Canada and still need to file.my 21/22 and 23 taxes. I have to file mine a year at a time because I need my RRSP limit from each year. Not overly worried as I have not owed taxes ever. I get a small rebate every year. Will probably do it in the next few months. Maybe.

  • @cynthialowery1063
    @cynthialowery1063 3 месяца назад +7

    if you make under a certain amt there’s no requirement to file

  • @BELLALORD1st
    @BELLALORD1st 3 месяца назад +38

    If the IRS have all the information why do I need to give it to them again?

    • @BEyezonFire
      @BEyezonFire 2 месяца назад

      So if your confused about anything or miss their dates. They can charge yoi more money. Then it becomes willful when yoi file. Technically. Irs isn't a federal agency. All the money we pay them doesn't go to the feds. It goes to the world bank to fund the wars

    • @ricksarazin1379
      @ricksarazin1379 2 месяца назад +1

      They're just busy, they'll get around to your number. Bigger fish to fry you see.

    • @teddyflowers2798
      @teddyflowers2798 2 месяца назад

      They’re not supposed to hide information that is a law as well

    • @masterrex1000
      @masterrex1000 Месяц назад

      Because turbo tax payed good money to kneecap the American tax system.

    • @sanjivpatel4016
      @sanjivpatel4016 Месяц назад

      Because the TurboTax software lobby has bribed Congress to prevent the IRS from giving us a pre-populated form that we could just simply accept, amend, or decline. That way TurboTax, HR Block, etc. can make money off taxpayers by selling software or offering tax prep services.

  • @Favret12
    @Favret12 8 месяцев назад +1

    I havent filed taxes since 2017....i collected alimony for this 5 years didnt
    recieve a form showing
    Whati was paid to me.

  • @DyleoDeals
    @DyleoDeals Год назад +2

    My transcript is definitely missing 1099’s that I worked for. It’s only showing my 1098-T form for school. Where would I find all the missing 1099’s that were definitely submitted to the IRS?

    • @LoganAllec
      @LoganAllec  11 месяцев назад +5

      If they're not on the IRS transcripts, then you'll have to ask the issuers of these 1099s. It's possible they neglected to actually file them with the IRS.

  • @Cheryl_izzy
    @Cheryl_izzy 6 месяцев назад

    thank you so much for this. i talked to an mo dept of rev person and am being ignored when i ask how do i get those transcripts cause between covid closing down 2 businesses I worked for, getting covid 3 time and having to move around, phones getting broken etc, i dont have them and missouri is making me pay plan and if i cant get in compliance they're going to take my house!

  • @bubblecat9212
    @bubblecat9212 8 месяцев назад +1

    Can you file with a tax transcript? How can you get your employee EIN, if you can’t remember the jobs you worked for?

    • @LoganAllec
      @LoganAllec  8 месяцев назад +1

      Your wage and income transcript will have the information that was reported to the IRS for the year. If you get the "unmasked" version, it will have each issuer's name and EIN.
      Of course, your wage and income transcript won't show things that the IRS doesn't know about, such as your itemized deductions or business deductions.
      It also doesn't show state tax withholding amounts.

  • @rebeccasimmers9363
    @rebeccasimmers9363 3 месяца назад

    I did not file a return in 2015. My business llc did more than $400 in sales but expenses exceeded income, and I didn't take a draw. I shutdown my business that year. With it 8 yrs old and no taxes owed do I really need to file? I did not tell the irs my llc went inactive.

  • @Jayobe485
    @Jayobe485 2 месяца назад

    I'm currently looking at my transcripts. What if you're tax transcripts do not state a balance owed, or if an SFR was filed or anything it just shows which jobs you worked and how much was earned per year and the withholdings? I live in Indiana if this helps answer my question.

  • @Boohoo63
    @Boohoo63 3 месяца назад

    Bring it

  • @db8926
    @db8926 Год назад +2

    I have SFRs for 2010 and 2011, CSED is 2025 and 2027. I have an inheritance coming and want to end the IRS collection earlier than CSED. I had basically no profit for those 2 years after my self employed write offs. Should I file those returns now?

    • @LoganAllec
      @LoganAllec  11 месяцев назад

      Yes. If you legitimately had zero income, file those returns now and it will erase the liability.

  • @betterthanemril988
    @betterthanemril988 5 месяцев назад +11

    Just file the returns it’s not the end of the world. Filing them will release so much weight off your shoulders you’ll feel like you took the biggest shit of your life, you’re not gonna go to prison, yes, there will be penalties if you owe but you may be able to work some of those out. With the new agents they’ve hired they’ll more likely come to you sooner than later, Just get in contact with them before they contact you, because if they contact you they might subpoena you and have you go in to a local branch and file them there and who has time for that? If you don’t have records there on their website.

    • @TonyMac1
      @TonyMac1 4 месяца назад

      Ask Wesley Snipes for not filing that caused him jail time

    • @HoodieSource
      @HoodieSource 4 месяца назад +1

      I think going to prison is what most people are afraid of and is the main reason they try to fly under the radar.
      I mean, who wants to walk into an IRS office, admit you haven’t filed in 30 years, knowing that the only thing they’re going to tell you by then is to prepare your anus?? 😂

    • @robinmiller871
      @robinmiller871 Месяц назад +1

      I think most people are afraid of having thier hard won nest egg, robbed by gun point!

    • @aphrodite7194
      @aphrodite7194 9 дней назад

      IRS has guns. What are they training for? Terrorist training?

  • @frankieacer27
    @frankieacer27 11 дней назад

    Every time I put the A number i get a no case found with that A number. Do i still have to wait for a bit more time and check again?? Thank you

  • @ginger6582
    @ginger6582 3 месяца назад

    I file every year whether required to or not. It is a good way to know if someone else is using your SS number. Also, one year, way back, 200 dollars was sent out by the government. If you did not file, you did not receive it.

  • @user-uh8nc8ks6v
    @user-uh8nc8ks6v 4 месяца назад +5

    I got a question so I don't owe any money to IRS in fact every taxes I didn't file are all 100 percent supposed returns could I still get in trouble ? The issue with me is I can't find all of my W2s because I moved to a different state and I don't remember every job I worked.

    • @wyewound
      @wyewound 3 месяца назад +2

      Ask the IRS for the missing W2’s. They get a copy too.

    • @drhonu
      @drhonu 3 месяца назад

      Yes! I found everything on IRS.GOV

  • @christopherrosado8420
    @christopherrosado8420 3 месяца назад +1

    Let's say you were someone who was ignorant and hasn't file taxes or attempted until this year, would there be penalties? I'm a bit new to this but I really don't want to get in trouble for not filing or managing these tax statements.
    What would you suggest?

    • @sg696
      @sg696 3 месяца назад

      Ignorance of the law is never a plausible defense.

  • @bamboo851
    @bamboo851 Месяц назад

    Will I get paid out for every year in the past?

  • @aphrodite7194
    @aphrodite7194 2 месяца назад +1

    I have no income, no merchant account for my partnership llc. Do I have to file a return? Received no tax forms.

    • @LoganAllec
      @LoganAllec  2 месяца назад

      Hi! I answered your question in this video that will be published in the near future: ruclips.net/video/JernM3H2hWE/видео.html

  • @luisrodriguez197099
    @luisrodriguez197099 21 день назад

    I havent file in a few years im a 1099 contractor, should i file 1 at a time or both

  • @AjourneYah613Laws
    @AjourneYah613Laws 2 месяца назад

    Im out of work and cant file my return this year what should i do

  • @skittlesngummies
    @skittlesngummies 5 месяцев назад +7

    I’ve been struggling with mental health issues my mom had filled mine since I was 18 and I told her to let me do them when I turned 25 now I’m 28 and I don’t know how to file taxes make less than 20k a year, have been homeless on and off for the past few years and I feel super stressed and mentally exhausted just thinking about this I also can’t afford to hire someone for more than 400. I could be on disability but I refuse to and want to get my life together 😢

    • @stillyoung6524
      @stillyoung6524 3 месяца назад

      Prays up to you. It may feel like nobody cares. Some do.

    • @AllergicToMakeBelieve
      @AllergicToMakeBelieve 2 месяца назад +2

      Almost every county in the United States has a service called "legal aid." This exists to help people who are having financial or other challenges to get basic legal services. They are generally kind and helpful, especially in more rural areas. In big cities it can be a little tougher but it's still there. They will help you get to the right people to get help preparing your taxes. I admire your desire to improve your life and I'm sure if you keep putting one foot in front of the other, you can make it happen. If this feels overwhelming for you to look up, tell me the county and or city where you live and I can comment back here with some tips. RUclips won't let me post links here, but I can do my best to help you, or I could post a link to some support services in your area in the description portion of my RUclips channel. Wishing you all the best.

    • @DecrepitBiden
      @DecrepitBiden 2 месяца назад

      I'm no tax expert. But you're not alone. Look at all the homeless people & illegal aliens not filing. I don't see any of them going to jail.

    • @johnrodgers2171
      @johnrodgers2171 Месяц назад

      They probably owe you money depending on your withholding /dependents

  • @REALSSBJAY
    @REALSSBJAY 2 месяца назад

    Mines says no information at this time

  • @carlossmith3018
    @carlossmith3018 6 месяцев назад +2

    I am about to be 21 this year and the past 2 years i got my w2 in the mail but never filed or opened them i dont want to not do them again so what should i do so my situation doesnt get any worse

    • @jordanhudson5075
      @jordanhudson5075 4 месяца назад

      You are probably costing yourself money

    • @simplenv4740
      @simplenv4740 3 месяца назад

      All you have to do is go to a tax filing place such as H and R block. Take all your forms and they will help you file all your missed years. You probably are owed money and will get a hefty refund.

    • @sg696
      @sg696 3 месяца назад +1

      I highly doubt at your age you earned enough to owe them anything. They probably owe you money, so by not filing, you are most likely allowing them to hold your money.

  • @dallaslooksmaxxer3505
    @dallaslooksmaxxer3505 2 месяца назад +3

    Man... F this. It's like you're being held hostage for simply existing. I'm just hopping the border to MX lol

  • @trucker2b
    @trucker2b Месяц назад

    Man this bs is getting out of control.... Irs keep update the percentage of payments even thoe our annual gross stays the same... How the hell they expect us to pay them....

  • @weekendprospector9787
    @weekendprospector9787 4 месяца назад +1

    I haven't filed in over 15 years. Maybe over 20. I don't know.
    It all started when 1 year I was owed about 300 from the government and said keep it. I don't care. The following year they claimed I owed them somewhere around 1300.
    Right then and there I decided I wasn't dealing with criminals and stopped filing. They took money from my paychecks every week as always. But I guess it's never enough for them.
    I have years of federal and state tax from different states. I don't know the years or the employers.
    Is it even possible for someone like me to get help? The government keeps stealing my bank accounts. I've had payment plans set up in the past but then they find something new and steal my account. Now my account is frozen and the payments cannot be made and everything is thrown in the garbage and nobody gets paid.
    Is winning the lottery my only hope?

    • @vakesuliatanginoa7408
      @vakesuliatanginoa7408 3 месяца назад +2

      🤣🤣🤣 I don't know why this is so funny to me, I'm crying laughing!

  • @lalasworld7870
    @lalasworld7870 Год назад +6

    What if u never received a notice from the irs...

    • @LoganAllec
      @LoganAllec  11 месяцев назад +6

      Then you're under the radar...for now! But chances are they will catch up to you eventually! Best to file, get in compliance, and get in a resolution ASAP.

    • @xraceboyex
      @xraceboyex 7 месяцев назад

      You never will. They're understaffed, mostly incompetent, govt workers, who collect a 6 figure check to watch porn and youtube all day. Carry on

    • @xraceboyex
      @xraceboyex 7 месяцев назад +9

      The more people who don't file, the less they can do to enforce. Thank you for being part of the solution and not the problem

    • @tearsbeers
      @tearsbeers 3 месяца назад

      I haven't filed since 2020. The NCDOR put a levy on my wife's bank account for 2020. The levy is for $9700. The IRS says we owe $60,000 and they are threatening to Levy/Seize our bank accounts. I'm afraid to file for 21,22 and 23 because they will want hundreds of thousands and I don't have any money

  • @divestorsingle
    @divestorsingle 5 месяцев назад +1

    I havent filed in 5 years. I need to file asap

    • @LoganAllec
      @LoganAllec  5 месяцев назад

      Hi there. Please book a time on our calendar here for a free consultation: choicetaxrelief.com/free-tax-relief-consultation/

    • @alanlacosse8850
      @alanlacosse8850 4 месяца назад +2

      I'd be interested to know how that turned out for you. I'm in a similar situation

    • @AllergicToMakeBelieve
      @AllergicToMakeBelieve 2 месяца назад

      Hi there! Did you have a consultation with these folks? Did you find that they were helpful? Best of luck sorting out your situation and I appreciate hearing your experience because I'm in the same predicament.

  • @briimarie2218
    @briimarie2218 5 месяцев назад +2

    I live 10 min from your office do you do in person consultations ??

    • @LoganAllec
      @LoganAllec  5 месяцев назад

      Hi! Our office near downtown is basically for the mailroom staff and clerks. Everyone else (including the consultants and me) work remotely from home! You can book a free call here: choicetaxrelief.com/free-tax-relief-consultation/

  • @chieflongsock
    @chieflongsock 4 месяца назад +2

    So will the irs send the fbi to your door without sending any notices first or do they send you notices first then if you dont reply you could get the fbi knocking?

    • @sg696
      @sg696 3 месяца назад

      The FBI isn’t coming to get you. They will just send you a notice and possibly a meeting with an IRS agent to audit you or to discuss your options to rectify the situation.

    • @AllergicToMakeBelieve
      @AllergicToMakeBelieve 2 месяца назад

      The IRS and the FBI have no relationship to each other. The IRS will not send an agent to your door unless you have made huge sums of money and not paid taxes for years.

  • @microweener
    @microweener 3 месяца назад

    If i haven't payed taxes in like 2 years, but i work for a w-2 where taxes are withheld and made less than like 10k for say am I fucked?

    • @AllergicToMakeBelieve
      @AllergicToMakeBelieve 2 месяца назад

      I'm not a tax expert like this guy but I saw your comment and I know enough to tell you that, no you are not effed. 2 years is not a long time, and $10,000 a year is very low. If you've got any business expenses you can deduct you can reduce your tax to almost zero. On that lower income there will be very small taxes and penalties. Ask this guy for help or look up in your county for legal aid or other such services that will help you get to finance people that help low income folks. Best of luck.

  • @ardailallen1826
    @ardailallen1826 10 месяцев назад +5

    🎯 Key Takeaways for quick navigation:
    00:00 📝 IRS lenient on non-filers if they come clean before action.
    00:57 💼 Address tax lien risk; proactive action advised.
    02:21 📊 CPA Logan Allec outlines steps for non-filers.
    02:51 📑 Step one: Obtain wage and income transcripts.
    04:13 🔍 Address state tax returns too if applicable.
    05:04 📆 Step two: Check IRS-prepared SFRs.
    07:22 📞 Methods to obtain SFR info.
    08:48 📜 Account transcripts reveal IRS actions.
    11:08 🔍 Code 150 indicates IRS-prepared SFR.
    13:50 🔄 Step three: Decide to file for SFR years.
    16:14 🚫 Reasons not to file for SFR years.
    18:41 🔍 Step four: Decide non-SFR years to file.
    21:49 📄 File past six years' returns for compliance.
    22:14 💡 Determine filing requirement: assess income.
    23:39 💼 Consider business income for filing.
    24:34 💸 File for refunds within three years.
    25:30 📞 Seek professional assistance.
    25:59 📝 Prepare and file returns.
    26:51 ⚖️ Seek penalty relief.
    27:19 💰 Payment options: full payment, OIC, hardship, installment.
    Made with HARPA AI

  • @JoseS.-mh9hm
    @JoseS.-mh9hm 3 месяца назад +2

    I have never filled taxes in my life, most of the time I’ve worked for construction contractors and they pay cash but also I’ve worked in different places when I was 18-19-20 but I lost the w-9, how complicated my situation is ?

    • @Lady-Carmakazi
      @Lady-Carmakazi 3 месяца назад

      You can go to irs.gov & sign up for an account. You'll have to verify who you are with a cell phone. Once you get signed up go in & look at your transcripts. They'll have a list of anyone that reported income that they paid you. Then you can use those to file. Most people in you situation or are younger don't make a huge amount of money & you would most likely get a refund if you filed. That may be why you haven't heard from them. Idk what your income level is but if your under say $30 * $40 thousand you most likely would have a refund for those years. And if you're lower income you can get most of that filed for free & just wait for your refund. It's probably in your best interest to file & see if you can get any refunds. You can also file your own taxes online once you have that info. It's not hard. Just go to the irs.gov site & look for the link they provide for filing free. Now, I'm assuming you might not be making a lot , you might be & may still even get a refund if you paid in. I"d start with getting signed in on the irs.gov site & see what's been reported & go from there. I'm not a preparer I only help friends & have done my own taxes for years. I know a little bit , maybe enough to probably give myself a headache but I do know you don't want to keep ignoring filing you may even get some of you money back depending on how much you paid in. Most young folks ususaly get refunds, especially those with children. Good luck

  • @ikeepcontent
    @ikeepcontent 3 месяца назад

    Can I file 15 years of taxes with 3 disabled and my W2 s for each year

    • @bamboo851
      @bamboo851 Месяц назад

      Same. How do I get my past 15 years of W-2’s?

  • @ermarivers2834
    @ermarivers2834 5 месяцев назад

    I filled my taxes already but I got my 401k to file can I file it next year

    • @TheSamkr
      @TheSamkr 5 месяцев назад

      You can file it anytime in 10 years as long as you don't owe them...generally, if you have a refund you should file them in 3 years to get that refund.

  • @Crimsondragongirl
    @Crimsondragongirl 3 месяца назад

    What if most of the time I get a refund every year and have not filed in 7 years

    • @drhonu
      @drhonu 3 месяца назад

      You will only get the past three years back if owed a refund.

  • @carolinasoulshine8949
    @carolinasoulshine8949 3 месяца назад +1

    Irs is illegal

  • @aromaof...3176
    @aromaof...3176 4 месяца назад +1

    File tax on 33 trill I on debt clock. Huh.

  • @aaronc2567
    @aaronc2567 2 месяца назад

    If you live in Washington DC and or outside the USA is the only way you pay federal income tax

    • @aaronc2567
      @aaronc2567 2 месяца назад

      Real quick. The 51st state founded in 1913 with the zip code of Washington DC is the only respond for the federal income tax. If you live outside the USA with income from the USA you owe federal income tax. If you live inside the USA yoy already pay tax and don’t owe federal income tax

  • @williehaddock8181
    @williehaddock8181 9 месяцев назад +2

    Where is the law you have to file taxes? When did they change it from being voluntary?

    • @LoganAllec
      @LoganAllec  9 месяцев назад +1

      26 U.S. Code § 7203

    • @tspen3
      @tspen3 2 месяца назад

      ​@LoganAllec this code doesn't say it applies to everyone. Define "person".

  • @gotsm9959
    @gotsm9959 2 месяца назад

    What if someone was a millionaire but made all the income under the table?

  • @michaellerman6349
    @michaellerman6349 3 месяца назад +1

    🎉they print the money they dont need your money income tax is obsolute

  • @aphrodite7194
    @aphrodite7194 9 дней назад

    IRS have infinite money printer. No need for taxes.

  • @basspig
    @basspig 3 месяца назад

    Whatever happened as in do not murder do not steal etc? No law that compels you to do something for the government could even be legal morally speaking. Those who don't have a Social Security number. Those who have had the fourth site to avoid getting a social security number are in the best position today.

    • @IndigoMystik
      @IndigoMystik 2 месяца назад

      Foresight, not 'fouth site'...

    • @basspig
      @basspig 2 месяца назад +1

      @@IndigoMystik blame it on Google voice. I'm nearly blind (centenarian) and cannot see well enough so use voice typing.

    • @IndigoMystik
      @IndigoMystik 2 месяца назад +1

      @@basspig Wow...that's great. Sorry about that! I appreciate your wisdom.

  • @timeisathand3934
    @timeisathand3934 2 месяца назад +1

    Maybe it’s me, but I can’t understand what is being said. Sounds mixed up

    • @LoganAllec
      @LoganAllec  2 месяца назад

      Which part sounds mixed up?

  • @charlebrownga
    @charlebrownga 3 месяца назад

    I'm disabled and haven't worked in 7 years .I dont file.

  • @thanosforever
    @thanosforever 7 месяцев назад +1

    Can I file this current year and then file the previous 2 years I’m missing?

    • @LoganAllec
      @LoganAllec  7 месяцев назад +2

      There's nothing that says you can't. Just make sure there are no carryforwards from the older years that would effect the current year's return.

  • @LuLuLately
    @LuLuLately Год назад +4

    If you filed in the last 3 years but never got your refund seized is that a good indication that an sfr hasn’t been filed against you?
    What if you only did some stock/crypto trading, no regular income? Is $400 or more profit what I have to file on? Thanks

    • @LoganAllec
      @LoganAllec  Год назад +2

      Yes, that's probably a good indication that the IRS has not prepared an SFR against you or at least has not assessed the tax on their SFR(s).
      That said, the Recovery Rebate Credit claimed on 2020 and 2021 returns technically wasn't supposed to be applied to back taxes. So keep that in mind if your 2020 and 2021 refunds were attributable to that credit.
      The $400 threshold is for self-employment income.
      If your only income was capital gains / losses , you're subject to the standard deduction threshold. However, it's probably a good idea to file to report your gross proceeds since otherwise the IRS may file an SFR assuming you have no basis. I've seen it where taxpayers have had millions of dollars in gross proceeds only to eek out like a $10,000 gain. But they didn't file so IRS prepared an SFR assuming they had millions of dollars of stock sales with *no basis.* So they assessed a huge liability. Of course it was fixable by filing the original return, but still a pain.

    • @LuLuLately
      @LuLuLately Год назад +1

      @@LoganAllec ty, I will contact your company in the future. 🖤

  • @brianpatriot1144
    @brianpatriot1144 2 месяца назад +2

    ALL TAXS ARE VOLUNTARY
    LOOK UP THE LAWS

  • @surf6009
    @surf6009 2 месяца назад +1

    What if I don't owe , and haven't filed for a few years. They owe me money.

    • @LoganAllec
      @LoganAllec  2 месяца назад

      You should file! I responded to your question in this video that will publish soon: ruclips.net/video/GyjmnhMbQo8/видео.html

    • @surf6009
      @surf6009 2 месяца назад +1

      @@LoganAllec Good ! 👍I used TurboTax this year. 1st time. IRS rejected my file , said wrong birthday. So, now I'm probably going to a friend's house, to use her computer to try to print out the papers, and mail it in.

    • @surf6009
      @surf6009 2 месяца назад +1

      @@LoganAllec I used the exact date as my birth certificate.

  • @GenosideTV
    @GenosideTV 3 месяца назад

    Cant pull a transcript for a year that you didjt file all that does is alert the IRS you haven't filed 😂

  • @AmberGarrett-py6ry
    @AmberGarrett-py6ry 3 месяца назад +2

    How on earth do you understand and remember all this? Have a headache just trying to listen. Is English their first language? LOL

  • @scotttucker5331
    @scotttucker5331 2 месяца назад

    There is a gentleman that was an agent for the give me all your money, people and it wasn't just a bean counter. You did a lot of fraudulent. Stop with give me your money, people. As came ouch saying, within the code itself, it is a volunteer.
    Sister, he has a website set up. About this anembasically it's a scam it's a rip off

  • @richardchilders7584
    @richardchilders7584 2 месяца назад

    Don’t file taxes unless you are a federal employee of the US, are a dependent of the US, and if you are in any armed service.
    All other Americans are not obligated to pay income tax.
    Period. If you have proof otherwise, please provide it.

  • @captnhuffy
    @captnhuffy 3 месяца назад

    ***Tax Avoidance is Bliss*** ….. tax evasion is another matter entirely

  • @michaellerman6349
    @michaellerman6349 3 месяца назад

    Irs is a fraud wheres the gold

  • @Berley_1234
    @Berley_1234 9 месяцев назад

    file all your tax years... if you dont pay, that's another story. but if you dont wont to go to jail file, but dont have to pay in all reality. they will send you letters, show fear, threaten, but that's about it

    • @LoganAllec
      @LoganAllec  9 месяцев назад

      For many of our clients, the IRS garnishes their wages, or their Social Security, or levies their bank account, etc. It is true that the IRS does not play hard with everybody, but for those it does play hard with…their lives can be ruined.

    • @Berley_1234
      @Berley_1234 9 месяцев назад

      but can someone go to prison if they file, but don't pay? is that evasion? @@LoganAllec

    • @LoganAllec
      @LoganAllec  9 месяцев назад +1

      @@Berley_1234 Technically, yes, under the right circumstances (“willfulness” has to be shown in order to convict), though prosecution rates are low.
      26 U.S. Code § 7201 - Attempt to evade or defeat tax: “Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or imprisoned not more than 5 years, or both, together with the costs of prosecution.”
      26 U.S. Code § 7203 - Willful failure to file return, supply information, or pay tax: “Any person required under this title to pay any estimated tax or tax, or required by this title or by regulations made under authority thereof to make a return, keep any records, or supply any information, who willfully fails to pay such estimated tax or tax, make such return, keep such records, or supply such information, at the time or times required by law or regulations, shall, in addition to other penalties provided by law, be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $25,000 ($100,000 in the case of a corporation), or imprisoned not more than 1 year, or both, together with the costs of prosecution.”

    • @Berley_1234
      @Berley_1234 9 месяцев назад

      thanks...plus you cant travel out of the US ...they will take your passport@@LoganAllec

    • @betterthanemril988
      @betterthanemril988 6 месяцев назад

      @@Berley_1234technically you can but it’s unlikely unless you’re committing some high dollar crime. As long as you’re compliant they won’t go there. The IRS are very busy people and have much bigger fish to fry so they won’t take it to a criminal level if they don’t need to. But I wouldn’t necessarily make it a habit of not filing returns because they can still make your life hell without prison.

  • @justjb6238
    @justjb6238 2 месяца назад +1

    Trump didn't file ....why should I?

  • @davidmoot4340
    @davidmoot4340 7 месяцев назад +54

    LOL, THERE IS NO LAW THAT REQUIRES MOST AMERICANS TO FILE FEDERAL TAX RETURNS

    • @KJ-od8wq
      @KJ-od8wq 3 месяца назад +1

      Just because there is no law to file a return does not mean you shouldn’t file.
      If you are a W-2 employee and have been overwithholding, that’s a big refund you could get.
      You are also legally required to pay taxes, and if you think otherwise, I’ll refer you to the US Constitution, Amendment 16.

    • @edselsledge2940
      @edselsledge2940 3 месяца назад +2

      You said that like you know the law, so what’s it called when you legally have to do it?

    • @snipesentertainment9037
      @snipesentertainment9037 3 месяца назад +1

      I was hit with a failure to file penalty from New York this year from 2018. Isn't this a statute of limitations for that? That company got brought out and I never got an updated W2 from them.

    • @fiat_chase
      @fiat_chase 3 месяца назад

      You don't have to pay. But you should still file. If you haven't submitted the proper irs forms on notice.

    • @snipesentertainment9037
      @snipesentertainment9037 3 месяца назад +1

      @@fiat_chase the company went bankrupt 6 years ago. I no longer have access to the information. I actually filed an offer in compromise .

  • @user-hv7vf6bh6s
    @user-hv7vf6bh6s 2 месяца назад +1

    That's false there is no law my friend

  • @brians.3547
    @brians.3547 2 месяца назад

    Taxes are a voluntary system. There is no law requiring americans to pay taxes.

    • @NatalieAHough
      @NatalieAHough 2 месяца назад

      Is this true

    • @brians.3547
      @brians.3547 2 месяца назад

      @@NatalieAHough yes its one of those things they dont want you to know

    • @brians.3547
      @brians.3547 2 месяца назад

      ruclips.net/video/IVPWUc5OD4M/видео.html

  • @le-johnny9236
    @le-johnny9236 3 месяца назад

    Best way is to save up and move to live elsewhere.

  • @michaellerman6349
    @michaellerman6349 3 месяца назад

    This guy is misinformed. You dont have a liablity just make that known

  • @Umustbecrazy
    @Umustbecrazy 2 месяца назад

    Hahaha hahaha if u make millions and past up the date then yea u going to jail the poverty level is 30k a year they coming for u too

  • @superdougie10
    @superdougie10 3 месяца назад

    This poor dude can barely breath his sinus are so stuffed up. It's effecting his speech.

    • @ultramanmountainadventurer6769
      @ultramanmountainadventurer6769 2 месяца назад

      Affecting ☝
      I was having a hard time understanding. Had to go back and read the words to figure out he was saying Wage and Income Transcripts. Mostly because he is saying it so fast. Sounds a little like Joke Biden, just saying the beginning of a word without enunciating the whole thing.

  • @Dominic17771
    @Dominic17771 Месяц назад

    This is click bate dude he talks for like 20 minutes not really telling you shit, don’t watch it skip to the good parts, he is prolonging the info you want so he can help his channel with the RUclips algorithm, slimy waste of Fu king time

  • @robertalvarez8689
    @robertalvarez8689 Год назад

    RIP