I havent done my taxes in 5 yrs. Who should i go to??

Answer 1

First of all, I assume that you have been paying your taxes through your payroll every week? So the government HAS been getting their money all along. All they really need is your confirmation as to the amount of deductions you are entitled to.

Have you kept all your receipts for those years? And it is just a matter of filling out forms? Well, the first place to start is the IRS itself. They will have a "library" where a stock of previous year's returns are kept. You need to get yourself returns for every year that you have missed.

Then you just sit down with all your receipts, and those returns and just portion everything out to the proper year. Then open each year's return starting at the oldest--READ THE INSTRUCTION BOOKLET CAREFULLY--and follow the enclosed directions for each year. There may be some small changes in reporting requirements from year to year. You just make sure you follow the directions closely and you will be fine.

Put each completed return into it's appropriate envelope, making sure you have attached all copies of all receipts that may be needed, and that you have signed the forms in all appropriate places. Mark each envelope with the YEAR the tax return is for.

Once you have all five years of returns made out, take the lot of them back to the IRS office that you got the tax returns from and ask to see a counsellor or tax representative (whatever they may call them in your area). Have a good explanation ready for why you hadn't made those returns out at the appropriate time...keeping in mind that it is always best to tell the truth, no matter how embarrassing it may be.

Like I said at the beginning, you will be in no trouble if you have actually been paying your taxes all the way along. The only problem comes with how much MORE you may owe them. You will pay hefty interest charges if you owe money from five years ago. If you are entitled to a return however, they will NOT pay interest to you, as it is YOUR OWN FAULT that you did not file on time--they owe you nothing extra.

Answer 2

You need to go see an accountant, perferably a CPA (Certified Public Accountant). They can sit down with you and go over what you have and what needs to be done. If you owe back-taxes, since you haven't filed the last 5 years, they can help with communicating with the IRS and the State Tax Commission that you live in concerning interest and penalties you have incurred. If you don't know of a CPA in your area, you could try calling the IRS or your local Better Business Bureau and see if they can suggest where to start in finding a CPA firm that can help you. I work for a firm in Oklahoma City. I hope this helps.

Answer 3

Gather up all of your paperwork and take it to a CPA. Depending on what type and how much income you had, this might not end up being a big problem - or it could, no way to tell from the info you give.

Get this taken care of as soon as possible - if you owe anything, it will just get worse the longer you wait.

Good luck.

Answer 4

Its not as gloom and doom as some of these answers are letting you to believe. Unless of course you owed money and did not pay it in time. If you don't owe any money then your basically off the hook scott free. All you have to do is file the tax years you missed.

But if you owe moeny then your basically going to pay double what you owe. But if you file your taxes on your own , you are not going to go to jail. The IRS is not in the business of putting people in jail that it can collect future taxes from if they stayed out of jail.

Answer 5

First of all, it doesn't sound like you even know if you have refunds out there, or owe. If you have refunds older than the past three years, they are dead, however if you file and owe for over the past three years, you will indeed owe. Unless you are talking about a huge amount of monies, I wouldn't worry about going to jail (fraud.) It's really hard to prove. I would have someone in my family or friend recommend a CPA or EA in your area that is up to date in CPE. Good Luck!

Answer 6

Breath. take a seat and do your 2011 taxes, you'll be stunned. you likely do no longer owe earnings tax, yet you may owe social protection tax. you may record your 1099 earnings on section C for corporation. yet you additionally can deduct all your expenses on the topic rely of toddler siting. you acquire food, diapers, toys for the babies you're toddler sitting, you could deduct that. you have a room reserved on your toddler sitting (play room) you could deduct the cost of that. shall we are saying your loved ones room is packed with toys for the babies, that's 15% of the part of your place. you could deduct 15% of the loan, taxes, coverage, utilities. you additionally can get earned earnings credit. in case you have a toddler of your guy or woman, you will get a reimbursement. when you get your 2011 mailed off, you could initiate with the years you neglected, commencing with 2010. often you could call the provider and get your previous 1099. The IRS will additionally settle for a basic wager.

Answer 7

First off why haven't you filed in 5 years? You are lucky that the IRS hasn't come into your home and started taking your belongings! You need to go to a CPA and let them help you. I would call and give them the situation first, and pray; because they are going to charge you a lot! Good luck!

Answer 8

You can go to one of the local IRS office to have them help you prepare your unfiled returns. They are located at 5799 Broadmoor in Misssion, KS(near Johnson Drive and Metcalf) or 5800 E. Bannister, Kansas City, MO(near Bannister Mall).

Answer 9

taxes are done annually
you should explain your situation to a lawyer
certainly to the tax company you often deal with
regardless if its good or bad

Answer 10

Call the IRS and get an accountant