If you do not file a return, the IRS will file a substitute tax return for you and I seriously doubt you’ll like their version.

The return will be based only on the information the IRS has from other sources.  Most likely, the return that the IRS files for you will overstate what you actually owe in taxes.  Once the tax is assessed, the IRS will start the collection process, which can include placing a levy on wages or bank accounts or filing a federal tax lien against your property.

20/20 Financial Services is a full service tax firm located in Montrose, CA.  Greg Fey, EA has served the residents and business owners of Crescenta Valley including Glendale, Burbank and surrounding areas for 20 years.  Get help with back taxes, late tax returns, prior year returns and IRS notices.

 It is in your best interest to take control of filing your own tax return so that you are sure to take advantage of all the exemptions, credits and deductions you are entitled to. Contact our office for a free consultation on what it will take to fix your tax problem.