For a variety of reasons some people have not filed tax returns for one or more years. While this is not a recommended approach to satisfying the filing requirements for Federal and State Income Tax purposes, it does not necessarily mean an unmanageable problem.

We at Amerivest can help. We have all the forms you need – no matter how far back you may have to go (usually not more than six years recommended) to file yourself into current taxpayer status. We also have the trained personnel to navigate not only the Tax Code and Forms, but people who know and understand the inner workings of the relevant taxing authorities and who can help determine your lowest possible tax liability and a strategy to present it to the appropriate agency with the least possible personal consequences. 

Nothing said herein is intended to imply that not filing tax returns when due is something to be taken lightly. It is not. However, if you find yourself in that situation, you are not alone and it does not mean necessarily that you will ultimately owe a large amount of taxes, or be faced with some overwhelming burden that can not be managed, controlled, and or put behind you as smoothly as possible

The starting place is to determine your lowest legal liability based on your Taxable income for the year(s) not filed. Once this is known, then any and all related penalties (if any) and interest can be determined and a course of action planned which normally will be predicated upon your current financial condition and income earning ability.  

We at Amerivest can also help you with any tax collection matters arising out of delinquent filings. There are a variety of options for delinquent taxpayers starting with payment in full and ranging through offers in compromise settlements for pennies on the dollar in certain cases. There is no way any professional can promise a one size fits all solution to the public in this area. The IRS for instance always makes their decisions based on all the facts and circumstances surrounding any particular taxpayer and case. We know this approach and we will be proactive to drive the facts and circumstances that we feel to be most beneficial to you to the center of the negotiations. 

When this process is concluded, you will be able to sleep at night, no longer fearing to go to the mail box, or concerned to answer the phone. You will be able to have bank accounts without fearing putting all of your money in safekeeping. Usually, the fear of the process is greater than the actual consequences of “getting current”. The benefits are great and the process is simply. 

One call to Amerivest is all it takes. We are standing by waiting to help you resolve your tax concerns and get you moving on with the rest of your life.