{"id":115027,"date":"2023-09-27t11:55:04","date_gmt":"2023-09-27t15:55:04","guid":{"rendered":"\/\/www.g005e.com\/?p=115027"},"modified":"2024-08-27t17:01:08","modified_gmt":"2024-08-27t21:01:08","slug":"when-clients-havent-filed-taxes-for-years","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/09\/27\/when-clients-havent-filed-taxes-for-years\/","title":{"rendered":"when clients haven’t filed taxes for years"},"content":{"rendered":"

\"\"<\/strong><\/p>\n

help them put a stop to this.<\/strong><\/p>\n

by ed mendlowitz<\/i>
\nthe 卡塔尔世界杯常规比赛时间 practice doctor<\/i><\/a><\/p>\n

it is not unusual to meet with potential clients that have not filed tax returns for many years.<\/p>\n

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with these clients it is important to get them to understand the seriousness of their situation and that the sooner they comply, the greater the likelihood that the worst they would be subject to would be penalties for late filing and payment if they owe money.
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\nwho needs this service<\/strong><\/p>\n

a surprisingly large number of people do not file because of the fear of filing. they don\u2019t start out with the fear, but through a probably unintentional problem, not usually caused by them, they miss a deadline and don\u2019t file a return for a given year. when the due date for the next year\u2019s return comes around, they push it aside, not wanting to file until they correct their neglect for the prior year. this process continues each year until the irs or their state tax authority catch up with them \u2013 and then they have a serious problem.<\/p>\n

introducing the client to the service<\/strong><\/p>\n

here are a few suggestions for those with a fear of filing:<\/p>\n

file as soon as possible. since a push is usually needed to get the client started, tell the client to take whatever information they have, shove it into an envelope or bag and bring it to you, a professional tax preparer, who will sort through it, organize it and actually be able to get a handle on how the returns will look.<\/p>\n

why the accountant is suited to offer this service<\/strong><\/p>\n

usually, but not guaranteed, once the client goes to a tax professional before they are contacted by the irs it will serve to mitigate any possible criminal penalties since they demonstrated a desire to correct the problem.<\/p>\n

it is suggested that the client should not attempt to self-prepare the returns. i believe this will cause further delays and the returns will not get completed. i would also not recommend going to the irs for assistance with the preparation. the client can, however, go to the irs to request copies of income statements that have been filed with them if they do not believe they have everything needed to complete the returns.<\/p>\n

how to handle the situation<\/strong><\/p>\n

it is possible that the client will not have all their information. in that case, you can assist the client in making good faith reasonable estimates that should be disclosed on the returns that are filed.<\/p>\n

it is important to advise the client that late-filed returns where tax is owed will be subject to late filing penalties of up to 25 percent and late-payment penalties also up to 25 percent as well as interest at statutory rates. it is possible for late-filing penalties to be abated but very unlikely for multiple late filed returns.<\/p>\n

those entitled to refunds will receive them unless the return is greater than three years delinquent, in which case they will forfeit the amounts they would have been entitled to. no interest will be paid on the refunds.<\/p>\n

like any other fear, it can be conquered by dealing with the matter at hand.<\/p>\n

checklist to use<\/strong><\/p>\n

following is a checklist that could be used as a guide in your meetings with clients.<\/p>\n

checklist of questions to ask a non-filer who wants to file their delinquent returns<\/strong><\/p>\n

 <\/p>\n

client__________________________ date___________ preparer________________<\/p>\n

 <\/p>\n