How to File BACK TAXES, Avoid PENALTIES, and Get Your Life Back!
HTML-код
- Опубликовано: 10 июл 2024
- ➡️ Request your FREE unfiled tax returns consultation at choicetaxrelief.com/free-tax-...
Today I am talking about filing previous years' taxes, also known as back taxes. I tell you how to file your back taxes step-by-step, how many years back you can (and possibly should) file your back taxes, and more!
There are many consequences to not filing your tax return, and it's generally in your best interest to file your back taxes as soon as possible. You should also be aware of the interest and penalties that accrue on back taxes because they can be significant, especially the penalties. Thankfully, in this video, I cover how the penalties are calculated and how you can possibly get rid of them. And even if you don't owe taxes, you still want to file to secure your previous year's tax refund. If you're wondering how many years back you can get a tax refund, I cover that too.
➡️ Email backtaxes@loganallec.com to get help with filing your back tax returns!
⬇️ More Tax Relief Videos:
- My Offer in Compromise Basics Video: • Offer in Compromise 20...
- My Offer in Compromise Formula Video: • Offer in Compromise Gu...
⬇️ Other Resources:
- IRS Audit Technique Guides: www.irs.gov/businesses/small-...
- IRS Failure-to-File Penalty: www.irs.gov/payments/failure-...
- IRS Policy Statement 5-133: www.irs.gov/irm/part1/irm_01-...
- IRS Transcripts: www.irs.gov/individuals/get-t...
- Bauer v. Commissioner: www.leagle.com/decision/intco...
- Bizminer: www.bizminer.com/
- Bizstats: bizstats.com/
Table of Contents:
0:00 How to File Your Back Taxes
0:56 Why People Get Behind on Their Taxes
2:08 The Snowball Effect on Back Taxes
2:28 IRS Notices CP59, CP515, CP516, and CP518
3:08 You Need to Deal With This
4:10 Consequences of Not Filing Your Tax Returns
4:29 IRS Failure-to-File Penalty
5:13 IRS Failure-to-Pay Penalty
6:10 Interest Accrual on Back Taxes
6:49 Loss of Refund (How Many Years Back Can I Get a Tax Refund?)
8:20 Inability to Get a Loan
8:36 Inability to Get Student Aid
8:43 Loss or Delay of Stimulus and Other Forms of Government Aid
8:57 Loss of Immigration Status
9:10 Loss of Future Social Security Benefits
9:25 IRS Substitute for Return (BAD NEWS)
12:04 Reasons Why You Don't Want the IRS to Prepare Your Return For You
14:07 How Do You Actually File Back Taxes?
14:29 How Many Years of Back Taxes Do You Have to File?
15:13 Step 1: Figure Out What Returns You Need to File
15:26 Step 2: Determine the Order in Which You Should Prepare Your Returns
17:59 Step 3: Gather Tax Forms and IRS Transcripts
19:25 Step 4: Reconstruct Your Information
24:10 Step 5: Prepare and File Your Returns
26:45 Penalty Abatement
27:25 First-Time Penalty Relief
28:02 Penalty Relief for Reasonable Cause
#tax #taxes #backtaxes
![How to Get IRS Back Taxes Forgiveness 3 Different Ways [IRS Back Taxes Help] #backtax](/img/1.gif)
➡️ Book your FREE back taxes consultation TODAY at choicetaxrelief.com/free-consultation/ or call 866-8000-TAX NOW!
I need you to do my taxes please. I'm a special case and I haven't filed since 2009. Please help. 🙏 How much do you charge?
@@hilly2387 Hi!!! Thank you so much for reaching out!!! We start with an investigation to determine which years you should file since you probably shouldn't file all the way back to 2009. You can book a free consultation here where we explain our process: choicetaxrelief.com/free-consultation/
@@LoganAllec ty! Do I have to know how much I owe because I don't. I tried to find out last year but the irs website didn't recognize my social for some reason.
@@hilly2387 No, you don’t have to know how much you owe!
New here today. Glad I found you ! What if you just rent out a 2 bay 60' x 40' 20' and one truck space? What kind of businessis this for the ATGs?
I will be calling you after I gather all my information. Thanks for your channel!🥳
Excellent video.
The IRS is almost always easier to deal with if you are trying to comply with the tax laws than it is if you are trying to run away from them or thwart them.
Yes! And for that reason we always recommend people not ignore their IRS problem and get in compliance (at least filing compliance) as quickly as possible. In most cases, the IRS won’t even entertain a negotiation until that is done.
There ARE NO tax "LAWS". Title 26 is what the IRS quotes as the law but Title 26 is Prima Facie...color of law and can be rebutted with prior UNREPEALED ACTS OF CONGRESS. 😊The UNREPEALED ACT OF CONGRESS is 26 CFR 1.0-1 paragraph (d) which says TAXABLE years began December 31 1953 and ENDED AUGUST 16 1954!!! Let that sink in...... TAXABLE YEARS ENDED 69 YEARS AGO!!!!! This was passed INTO law AS law by the 83rd Congress on August 16 1954. So why are we so conditioned to file and "pay" an income tax that died/expired 69 years ago?!!.....by LAW....not some damn IRS. "rule!!" THINK ABOUT THIS....!!!
It's all about fleecing the people for their sweat equity. Shame on them all! @@dennishipsley8703
Thank you Logan for extending your knowledge, resources and non complicated tax language.
My gawd you are so relaxing. I talked to an HR Block employee and felt like I was being spanked by the IRS. I can’t tell you how it helps when you sound relaxed
Extremely helpful and giving me confidence moving forward. Thank you.
Wow! In just 30 mins of watching this video I learned more from you than the CPA’s and financial advisors who I paid for years. Thank you! And i just like and subscribed to this channel.
Thank you, Jason!
Thank you for the information Logan
You're welcome, Towanda!
Thank you, Logan
This really helped me
Great video for those who still think they owe income taxes 👍
You're great dude. Thanks.
You are welcome!
Thank you!
Thank you so much!
You're welcome, Patricia!
Thank you 😊
Thank you! VERY informative!!
Glad it was helpful!
Thanks for the content!
Love your video! Thank you so much! Liked and Subscribed! Question? I forgot to file 2022 taxes 🤦🏻♀️ mostly because it was my first 1099. Should I file that first before I file 2023?
Hi! It shouldn't matter unless there's something on your 2022 taxes that would affect your 2023 taxes. That said, since 2022 taxes were due last April, while 2023 taxes aren't due yet, penalty and interest are accruing on whatever you would owe for 2022 right now (but they aren't for 2023 yet other than a potential underpayment of estimated tax penalty if you didn't make estimated tax payments), so if you had to pick, I would say file and pay 2022 ASAP to limit penalties and interest as much as possible! Also see my video "Can You File Taxes From Previous Years Out of Order?" - here is the link: ruclips.net/video/hMchjXoICTM/видео.html
Awesome. Mahalo!!!
You're welcome. Have a great weekend.
Love it. Great clip.
LOGAN, what about filing EXEMPT?? I live in SoCal and work for IHSS and I am a live-in provider, so I filed EXEMPT in 2017, as we were told to. But do I then NOT have to file every year?? And also, on my paycheck stubs, they don't take out ANY taxes. I only pay my health insurance and that is ALL THAT SHOWS on my check stubs along with my hours and pay. Is that ok? Or is my work screwing me over?? I am so confused!! PLEASE help. THX!
Hi, do you know about retroactive payment from suspended benefits and is it taxable?
Thank you
Awesome video great. I’m formative with a good personality no blah blah blah
I am defiantly trying to have you help me with my taxes
Awesome. Great name btw
So I ended up filling my taxes for this year, but later found out I never filed my taxes for the previous year. I know you talked about filing the earlier years first. Would I have to wait until tax season arrives again, or can I file the back taxes at anytime. What happens next?
You can file your back tax return at any time! It's just that sometimes it makes more sense to file them chronologically (but sometimes it doesn't...it really depends!).
Do you help with non profits that didn’t file their 990ez??
Hello Alec
Thank you for such an informative video
Please quick question
I forgot to filed my 2022 taxes through an agent but it never came or worked out
And now I am finding it difficult to re file cause I am currently not in the states I came in for work in the states and have returned back home
Please what options do you think I can consider ?
Do you guys provide services in relation to this and what’s the cost
Thank you
Hi Jessica. Thanks for reaching out. Go ahead and book a consultation at choicetaxrelief.com/free-tax-relief-consultation/
Yes I need to reconstruct big time f 2010 sfr
I know this comment is not about this video but last week I got an adjustment on my 2020 Illinois taxes because of the federal break on the unemployment income but have seen nothing on the actual federal refund. It is not even showing in my account status.
Will my parents have to add me to their household? I am an independent student but was thinking of filling a 8821 form to help them with their 12153 request for due process or equivalent hearing. My mom had identity theft paid off but still think what they owe is too high. How will this affect them from I?
What if you WANT to file those past taxes but you don't have the W-2? I'm missing some of mines. I tried looking online on my irs account but no luck because I think that's only for copies of years you already filed. That old employer is no longer available neither. I don't know where to start or look
Same
@LoganAllec how do I go about reporting financial aid disbursements on my tax returns? This is the amount of aid that is sent directly to my bank account after the school pays my tuition and fees. What expenses count as educational expenses and which don't? For example , I used some of my disbursements to cover food, housing, clothing, transportation, and necessities. What portion of these are considered taxable ?
Are these disbursements loans, scholarships, grants, stipends, or a mix of some or all of these?
@@LoganAllec all grants
My mom is sick and may not be able to file. Can she file next year without penalties? In the past she’s gotten refunds.
All those penalties and taxes and interests. A person will never be able to get out of that. They already set up for failure.
Hi Logan thank you for taking time with us. Now the big question for the people that is getting evicted what to do. So 😢
Did you call to your state congress
Its not me its a few people that this is happening to because they felt they should not pay rent which i dont understand.
@@Redbonekita thanks but i believe at this time in life yes its difficulr but pay something
I am will forever appreciate the effort of hackerjiggy12 on instagram he help me with my issues 🔥🔥🔥
I am will forever appreciate the effort of hackerjiggy12 on instagram he help me with my issues 🔥🔥🔥
Thanks for this. Btw how does someone end up in jail for not filing? If someone doesn't file for a few years does the IRS give them a chance to fix the problem first before ever criminal penalties are a risk?
In the *vast* - and I mean *vast* majority of cases - someone who simply didn't file their tax returns for a few years will not be facing criminal charges, though it is technically a federal crime under Internal Revenue Code § 7203. Best thing for them to do is to file the back tax returns and get back in the tax system.
You can't pay a penny if you're in prison. You actually cost the government more buy imprisoning you. They want their money.
Joann worked at NAL ...
If I file my newest return first is it possible the IRS will use that against me and accuse me of fraud knowing later returns with possible penalties are still in my possession?
Probably not as long as you get in compliance with the other returns shortly after filing your newest one. That said, you may not have to file all of them, and it may in fact be advisable to not file all of them for reasons I stated in the video.
Thanks for informations unfiled 2020 and 2021. But,Allec , do it paper file or e- file.? Good d😢!
You can no longer e-file 2020; you will have to paper file that year.
You can e-file 2021 still if your tax software supports it.
@@LoganAlleccan we get a direct deposit for year 2021-2022 year ?
My boyfriend didn't file taxes for a while and then we start filing taxes couple years ago and the first year they said they took what he would have had for stimuluschecks and applied it for his back taxes last year he owed money when we filed just because he had a self-employment sort of gig and one of his Works didn't take out the extra that we'd asked them to and then this year he was supposed to get a refund but when I went to check it it said it was applied to back back taxes so then I was able to get into his account for the idemia thing that says he owes 12,000 + 1000 penalties + 5000 interest from 2012 didn't file that year and he didn't even make that much money anyways thank you for this video
You should determine when that 2012 tax debt will fall off. Call the IRS and ask when the CSED is. That will drive a lot of decisions about how to approach that debt.
Mr. Alec good morning !
I want to file 2019 ,but the torbu tax softwear is not compatible any more . I spoke with two specialist from turbo tax & they told me that 2019 softwear is notbworking any more . What the chance to file my fedral taxes for 2019?
Thank u so much for your useful video .❤ 2:58
How complicated is your 2019 tax situation? What kind of income did you earn / receive?
@LoganAllec it's not complicated at all .
Just I will file for federal taxes only .cuz I was working overseas in the year of 2019 .
@@samborolossi Gotcha. Were you W-2 or 1099 overseas? If W-2 possibly no federal income tax at all due to foreign earned income exclusion.
Allec, what will happen if I file my backtaxes, do my stimulus impact checks be release to me?
Yes, if you didn’t receive stimulus checks, you can get a credit for those amounts via the Recovery Rebate Credit if you file your 2020 and 2021 returns. However, unless you filed for an extension, you will need to file your 2020 return by May 15, 2024, to get a refund for that year!
What tax forms do I need for filing back taxes?
The same tax forms you would have used if you filed on time!
He Sir… in a more recent video done this year. … I commented …. You mentioned that you have 3 years to file and get a return. On this video you said “extensions do count for the 3 years “. But in a more recent video… you said it’s 3 years plus any extension.
Please reply … I had an extension in 2020… want to know if the 3 years is May 17th or Oct 2024. Thank you
Hi Logan, thank you for the information you shared on this video. I need some help with filing my 2018-2022 taxes and want to know if it is possible to have the free consultation with you ?
Either me or my dad! Please book a call here: choicetaxrelief.com/free-consultation/
Can filing for bankruptcy eliminate federal tax debt, and thank you for your replies
Yes, if it's federal *income* tax debt and it meets the three requirements I mention in this video: ruclips.net/video/FafC2oH8T3w/видео.html
Thru court system ..
Joann and bob shehorn patrick tanner ..sands ..mornings with maria ..samantha n sabrina ..bobby etc barb..boxxes ..
I listened, I watched twice and I still don't know HOW to file my taxes from 2022...Is it a form? Do I have to mail it? the irs website I used to file for 23 and the website I was recommended only allows you to file for the current year.
You can currently e-file 2021, 2022, and 2023. However, not all software necessarily supports e-filing 2021 and 2022. However, most professional tax software does.
Owed like 64, ooo . 00 back taxes dump truck..
My case is a bit different. I’ve been a victim of identity theft and since this I’ve technically filed all my returns the irs has rejected/sent back my 2018-2022 returns. I’m not gonna lie I’ve made peace of having the IRS not bug me for 4 years straight but it has been bugging me the last couple months and now I’m scared AF 😂
Were you expecting refunds for those years?
@@LoganAlleconly for 2020 the other three I owe. Not a crazy amount like the highest year is like $1500.
I just found out I’m actually owed a refund for 2021 now lol
Hi Logan, My son did his 2019 taxes from a friend and they filed it with a wrong address. He did not get any stimulus money due to the address. Can you tell me how he straightens out his address.
Form 1040X
@@yusraalzadjali8778 Thank you very much.
I need to file amended return year 2010 but nothing to prove i didnt make a dime on this predatory truck lease i got into and that is my major problem
I know a former agent that regularly post on YT that has said there’s a statue where you only need to file or amend the previous 6 years so don’t quote me but you might not need to worry about a 2010 tax return
PLEASE HELP!! i have to do crypto taxes from last year. I have tons of transactions.. do i need to report all transactions on 8949 if i had an overall loss of 300 dollars?
You need to report because the IRS doesn't know your basis. We currently have a client who is being audited for the 2017 tax year for crypto transactions. Had an overall loss on his crypto but over $1,000,000 in gross proceeds...he did not report...IRS knew his basis because his transactions were through Coinbase, which reported transactions on 1099-K (Coinbase used to report on 1099-K)...IRS selected him for audit because they saw $1,000,000 in gross proceeds on the 1099-K with no idea of his basis.
@@LoganAllec so this means I'll need to print out like 470 8949 forms?
Yup... and then deduct 1 million in printer ink expenses and owe nothing!
@@madmax8620 oh boy
i wanted to fill back taxes, but cannot find my K-1 form. I will NOT owe anything, because I have deductions enough to NOT pay.
Hi Dennis! We could likely get your K-1 information for you. Please email me at logan.allec@choicetaxrelief.com
Hi, I know this is an old video, but it applies to my situation now. After a consultation with your firm, will you be able to provide an estimate of what your fees will be?
Hi Jazz Man - yes.
No one added to my portifolio..not gretchen on her own since 1998 ...
I haven't filed taxes since my youngest son was 16, and he's turning 38 this month. I haven't received notices from the IRS. For the most part, I've claimed zero exemptions and had max taxes taken out. I have no idea where to start.
And you should never file unless you want to continue giving the IRS your hard earned money
Theyre already getting my hard earned money. That's the sad part. They get it whether I file it not.
@@GetRealFeelTheHeal file exempt
That'll get me in a whole shitload a trouble. Dont think I want that.
No income. No worries.
Im kind of at the point of where im afraid i screwed up my whole life and it feels like Im drowning lol..... i dont even know where to begin
Do you have an office in Houston tx?
Hi Alonzo. We do not, but we have staff all over the country and work with taxpayers all over the country. We probably have more clients from Texas than any other state (except for California).
HaPpY BiRtHdAy Logan Allec
How can you help someone in another state?
We help folks in all 50 states.
Im done filing. Theres no law that says someone from the 50 states has to file
Can you pay back taxes to get the stimulus checks you didnt get, you know...hypothetically
Yup! I’m publishing a video about this next week!
@@LoganAlleccan you please share a link of this video please? Thanks. Liked and subscribed
@@HomeBuyingMadeEasy It is here: ruclips.net/video/qpN58nEZTiw/видео.html
@@LoganAllec thank you! Look forward to talking to you tomorrow.
What can I do when the name on the check is wrong
What kind of check? Tax refund? Stimulus? And in saying the name is "wrong", do you mean something like Jim Jones versus James Jones or Ed Hodges versus George Murphy?
Never use instagram nor twitter ..no facebook since 2015 ...no messenger ..
I just need to know how much I owe for a 2019 return that was not filed
If the IRS has already prepare the return for you (i.e., filed an SFR) you can check online at your IRS account. If not, the only way to know is to actually prepare your 2019 tax return.
What if you (accidentally) don’t file a 709 form for a few years even if you may not owe anything anyway?
Should still file to track your lifetime exclusion.
@@LoganAllec will I be facing any (serious) penalties?
Click - BANG!
Do you help people out of state?
We serve clients in all 50 states (some are even overseas)! Book a free consultation here: calendly.com/choice-tax-relief/tax-relief/
@@LoganAllec thanks. I may need you in the future. I hadn't filled taxes in a few years. Thought I was going to jail. I called the IRS this morning in a panic. Turns out I didn't even make enough to file. I'm in no trouble. All that worry for nothing.
@@HalfwayJac Sounds good! Make sure to file 2020 and/or 2021 if you didn’t get all your stimulus!
@@LoganAllec I have the transcript coming. Thank you!
@@HalfwayJac You're welcome!
I need to file back taxes help me pleas.😭
Please book a call at choicetaxrelief.com/free-consultation/
No its not pretty i leased a truck in 2010 didnt make a dime i did collect unemployment i didnt file so yep 3 years later mr irs filed for me and fast forward today mr irs says you owe almost 20 grand. And now they are taking my hard earned money and no way out i dont owe them that but they dont care im old and doomed.
He had guardianship of gretchen all those years ..
Still waiting on the SSA to give my wife her SSN so we can file 😑
thanks mate! check out my improv jams to destress from tax work :3
Were u location is
I’m personally located in Los Angeles, but I have staff across the country.
Book a free consultation here: choicetaxrelief.com/free-tax-relief-consultation/
I haven't paid or filed in 7+years I need help
Shoot me an email: logan.allec@choicetaxrelief.com
Great work sir..I haven't filed in 7 years..need to take care of this..what about a offer to comprise with IRS
@@bashiruddinahmad408 Hi! We would first have to determine what your liability is by filing the required back tax returns. Please shoot me an email at logan.allec@choicetaxrelief.com
Joels niece ..blood ..
Josh garland owe 14,000.00 back taxes ..
Failure to pay & failure to file penalties is less than owning arrears on Child Support 😂
Yup, that's true. Here in Cali, the penalty for unpaid child support can be 6% per month up to 72% after notice has been served.
I hope I can afford you.
Mr satan frist
shill master
hehe
Im in need of help . I havent filed in 6 years and im afraid the fees and interest are going to ruin my life. Some years i had no bank account and i lost my records . I had some of the work being done from home. I was renting and none of the bills were in my name. What can i do to prove all my legally allowed deductions
Your situation is not uncommon! A lot of our clients have similar stories. Please book a call here for a free consultation: calendly.com/choice-tax-relief/unfiled-tax-returns/
I never use cash and only use my business card for everything. I have all my statements..Will that work??
Yup, sounds like you can actually put together a solid set of books in Quickbooks or some other software if everything ran through your business card.