Are Form 2350 Wont 2023-2024

I'd like to give a caution to the people out there who have unfiled tax returns. I want to make them aware of just how costly it can be if they make a mistake and file all their unfiled tax returns now. Clients with unfiled tax returns generally think that it's necessary and must file all of them. Sometimes that's correct, but sometimes it's not correct at all. It depends on the circumstances, the number of years, and a variety of other factors. It's not a decision to be made in a vacuum. The IRS generally doesn't even want you to file all your unfiled tax returns if you're a non-filer. That's a great thing to hear, although it goes against common sense. But it's true, it simply isn't necessary, and the IRS does not want them all. The problem is that accountants and taxpayers often make this mistake, resulting in costing clients thousands of dollars in unnecessary tax debt they wouldn't have had otherwise. So, don't let an accountant talk you into filing all your tax returns without seeking counsel first. Tax preparers usually don't do this with any malice or intent to hurt you. It's just that they don't know any better, as they're ignorant about handling tax preparation in cases like this. Handling tax preparation for non-filers is very different. It's important to be honest. Tax preparers also get paid by the number of tax returns they file, so for them, it's a no-brainer to file all the tax returns. However, that's not the right approach. Please talk to a tax defense attorney before making this important decision. This could be the most important decision you make in your case. If you want to lower your liability, it may be the best or one of the best ways to...