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You need to be sure to file your federal back taxes within the IRS Statute of Limitations in order to secure the tax refund you think you might be due. It's surprising but true; people who are late filing their taxes are more likely to be due a tax refund than those who file their taxes on time.
Secure Your Tax Refunds
You won't be certain that you'll receive your entire tax refund, a partial refund, or owe the IRS until your federal back tax return has been completed. In order to secure your tax refund when you owe federal back taxes your first step is to file your federal tax return. Assemble all of your tax documents - your W-2's, 1099's and other tax documents relevant to the year(s) you need to file.
Be aware that some or a portion of your expected tax refund may be applied to the tax (and penalties and interest) due and owing the IRS from the back tax year in question or other tax years. It's a good idea to consult with a reputable tax professional with particular experience preparing federal back taxes. A tax professional can not only help you prepare your federal back taxes, but advocate for you with the IRS. It may be possible to negotiate an abatement on penalties and interest, as well.
Secure Your Tax Refunds
You won't be certain that you'll receive your entire tax refund, a partial refund, or owe the IRS until your federal back tax return has been completed. In order to secure your tax refund when you owe federal back taxes your first step is to file your federal tax return. Assemble all of your tax documents - your W-2's, 1099's and other tax documents relevant to the year(s) you need to file.
Be aware that some or a portion of your expected tax refund may be applied to the tax (and penalties and interest) due and owing the IRS from the back tax year in question or other tax years. It's a good idea to consult with a reputable tax professional with particular experience preparing federal back taxes. A tax professional can not only help you prepare your federal back taxes, but advocate for you with the IRS. It may be possible to negotiate an abatement on penalties and interest, as well.
