PRIOR YEAR RETURN
At Accountant Exchange Group Inc., we specialize in providing prior-year tax return services for both Business and Individual customers. We understand the importance of filing accurate and timely tax returns for our clients and strive to provide exceptional service and tax return filing expertise. Our team is dedicated to providing the best possible customer service and we offer a free "Confidential" IRS Check-Up to confirm what needs to be filed for IRS Compliance. We can answer questions like where to file tax returns, how to track tax refunds, and more.
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Why You Should File Your Past Due Return Now
Avoid interest and penalties.
File your past-due return and pay now to limit interest charges and late payment penalties.
Claim a Refund
You risk losing your refund if you don't file your return. If you are due a refund for withholding or estimated taxes, you must file your return to claim it within three years of the return due date. The same rule applies to a right to claim tax credits such as the Earned Income Credit.
The IRS will hold income tax refunds in cases where records show that one or more income tax returns are past due. The Irs will hold them until they get the past due return or receive an acceptable reason for not filing a past due return.
Protect Social Security Benefits
If you are self-employed and do not file your federal income tax return, any self-employment income you earned will not be reported to the Social Security Administration, and you will not receive credits toward Social Security retirement or disability benefits.
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What If You Don’t File Voluntarily?
Collection and Enforcement Actions
The return the IRS will prepare for you (A proposed assessment) will lead to a tax bill, which, if unpaid, will trigger the collection process. This can include such actions as a levy on your wages or bank account or the filing of a notice of federal tax lien.
If you repeatedly do not file, you could be subject to additional enforcement measures, such as additional penalties and/or criminal prosecution.
The IRS is getting a lot more money for audits. New infusion by Congress of $80 billion for the IRS will allow it to add thousands more auditors and customer service representatives.
Every year, millions of federal and state tax refunds go undelivered or unclaimed. There's still $1.5 billion in total unclaimed tax refunds for 2019 earnings — that's an average of $1,006 per eligible individual. , so please go to our how it works section and let us help get you started.