Filing Individual Back Taxes
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Some of us are natural procrastinators. Maybe it’s something minor like letting dishes pile up on the sink. Or maybe it’s something important like not completing your taxes on time. Unfortunately, those dishes aren’t going to magically disappear … and neither is the IRS or the state of California.

Eventually, the IRS or your state tax agency will call you out on your failure to file your taxes properly. If you are thinking about not filing back taxes, you need to understand a few things.

First, filing taxes late or not at all does not absolve you of paying what you owe. You will owe the original amount plus interest and now you can add draconian penalties. After a few years of tax procrastination, the fees can result in an overwhelming bill.

Second, you could be subject to criminal tax prosecution for not filing your taxes. Hiring a CPA who knows how to get you back in the system with your scalp intact is important in cases like this.

Finally, if you are due to receive a refund and you skip filing taxes, you may have to forfeit that refund. Once a three-year period passes, you no longer have a right to the refund.

Ultimately, the sooner you take care of this problem, the better. If you’re concerned about an IRS notification regarding filing back taxes, schedule a 10-minute call with an experienced CPA.