Filing Back Taxes

The filing of back taxes successfully is a challenging tax. They are not hard to prepare but require patience, persistence, and communication skills. Usually, there are reasons the prior years’ tax returns are not filed. Incomplete bookkeeping and lost tax records are very common. Also, the person is often looking at IRS tax debt and is a confirmed tax procrastinator. Thus the first step is getting the client’s trust and commitment to following through on the filing of past-due taxes. Once this is done, the next step is to have the client sign an IRS Form 2848 naming Torchlight Tax to represent him. With this, I get IRS transcripts of any years that might influence his tax situation. I fill out the IRS Power of Attorney go back for more years than I expect to need and go into the future as well. This way I get all the tax data that might conceivably bear on my client’s tax problem and have no surprises from the IRS. By going into the future, I make sure I can represent him if needed even if the IRS delays on an IRS Offer in Compromise or Currently Non Collectible status.