Surprisingly often, people do not file their tax returns because they know they cannot afford to pay their tax liability. This mostly applies to independent contractors and people who sell investments for significant short-term capital gains. However, those with long-term capital gains and W-2 jobs also get behind. Today, we answer how many years can you file back taxes and other frequently asked questions.

If you are one of the 14 million Americans who owe the IRS back taxes, you may feel anxiety every time your phone rings. You may worry when you hear a knock on the door. You may even feel anxious when you open your mail. But you don’t have to live in fear anymore. All you have to do is contact Geaux Tax Resolution in Lafayette, LA and file Form 656. Read on to learn more.

According to the IRS, over 7 million taxpayers fail to file their tax returns each year. With the hefty penalties of filing a late tax return drastically increasing, it is now more important than ever to file in a timely manner. At Geaux Tax Resolution in Lafayette, LA, we understand that tax season causes heartache. Here are 11 ways a tax consultant can help.

Whether you are anxious to receive the largest possible tax refund or you want to reduce your tax liability, a tax consultant can help. To avoid scrambling to meet the federal tax filing deadline, organization is key. Our tax experts at Geaux Tax Resolution in Lafayette, LA make the process as efficient and easy for you as possible. Here there are five steps you should take to prepare for tax season.

There are many reasons why people file their taxes late or not at all. Unfortunately, the IRS doesn’t care why you haven’t filed your taxes on time. You may feel overwhelmed and can’t even think about filing your taxes by April 15, but choosing to not file your taxes on time is a recipe for potential disaster and a risk you can’t afford to take. Read on to discover the six biggest risks of filing taxes late. 

Millions of Americans currently owe billions of dollars to the IRS in back taxes. While some are on payment plans to pay this debt off, others ignore it. Unfortunately, ignoring your delinquent tax liability is one of the worst decisions you can make. If you need a little motivation to see a tax specialist, consider the eight ways ignoring back taxes can ruin your life.

Did you get an ominous, frightening letter in the mail from the IRS stating that you owed them money? This is a serious problem that can cause issues if not resolved, particularly if you owe extensive back taxes. We’ll take a look at what these taxes are, what to do if you have them, and how Geaux Tax Resolution can help you.

For some people, tax season can’t come fast enough. They overpaid on their taxes throughout the year and are due for a refund. Strapped for cash after Christmas, they head down to the H&R Block pop-up at their local Wal-Mart and get an advance on their refund. But at least 8.2 million Americans look upon tax season with dread.

Tax season is stressful, especially if you owe a debt to the IRS for past years. Waiting to resolve your debt won’t get any easier as the years go on, and if you want to get debt-free with as little pain as possible, the time to act is now. The IRS Fresh Start Program is a way to pay off your debt without the expensive penalties and interest of an installment plan.