Tax Filings Information: Instructions & Help to File IRS Tax Filings
Every year tax filings get more and more complex which can lead to errors, taxes not being filed on time, taxes not paid on time, and many other tax problems. Below are some of the common tax filings and instructions on handling each type of filing. Some of these tax filings are simple and straightforward and can be done easily on your own, while others are more complex and may require the assistance of a tax professional.
How to File Unfiled IRS or Old State Tax Returns
If you realize you want to be proactive and avoid potential penalties and interest, there are a few guidelines you can follow in order to file any unfiled tax returns. If the IRS has completed a return for you (substitute tax return or SFR) and sent it to your last known address asking you to sign and return it, do not — instead file a tax return and send it to the IRS.
Filing for Innocent Spouse Relief
In order to file for innocent spouse relief, it is required that you file IRS form 8857 & send in a detailed letter to help your case. Understand the requirements prior to filing for innocent spouse relief and details on filling out IRS form 8857 and completing your innocent spouse relief letter.
Filing for IRS Penalty Abatement
If the taxpayer meets the requirements for penalty abatement they will be required to file several documents with the IRS to prove to the IRS that they do indeed meet the requirements. There are three ways a taxpayer can present their case to the IRS for abatement; verbal, written or through IRS form 843. No matter which way you choose you will be required to explain and detail out a good reason why you failed to pay the taxes owed.
Filing for an Offer in Compromise
Offer in compromise filings are considered to be a complex tax filing and typically should not be attempted without the help of a tax professional. However, you can always opt to apply on your own and negotiate with the IRS directly. These are the details of what forms and documents are needed when making this type of IRS tax filing. Be sure you meet the qualifications before making this type of filing because the IRS frequently rejects this type of tax filing.
Filing for Hardship with the IRS and Being Declared Uncollectible
When filing for the currently uncollectible status you will be required to fill out detailed IRS forms as well as provide detailed information about your financial situation. It is important to provide the IRS with enough information to prove that you do not have the means to pay taxes owed and it would be in their benefit to stop collections and allow you more time.
How to File an Amended Tax Return
Taxes are complex, mistakes happen. Understand when it is appropriate to file an amended tax return, how to amend your return and what tax forms to file.
Filing for a Tax Filing Extension
Understand how to file for an extension for your federal income tax filing. Know when it is appropriate to file for this, the deadline, and the required filing forms.
Requesting an IRS Transcripts
If you've lost your old tax returns, W2s, or other documents, a tax transcript can help obtain this information to get the details you need. Tax transcripts also show a lot of other details related to tax payments, tax debts, statute of limitations, and more.
IRS Power of Attorney Filing
When dealing with federal tax matters and you decide to have someone else represent you, IRS power of attorney is required. Understand who can represent you and what matters they can handle for you. Also, understand the details on the filing required to grant someone the right to represent you.
Tax Information Authorization
If you want to authorize someone to see your tax returns, wage documents, or other sensitive tax details, you should file Form 8821. This tax authorization request allows you to authorize other parties to see tax returns such as 1040 (Personal Income Tax Return), 941 (Employer Quarterly Payroll Tax Return), 720 (Quarterly Federal Excise Return), and others.