1955 Babcock Road, San Antonio, TX 78229


Se Habla Espa├▒ol

Corpus Christi Tax Agent for Unfiled Tax Returns

San Antonio tax agent for failure to file penalties

Tax Help for Non-Filers in San Antonio and South Texas

Dealing with taxes can be a complicated and stressful process. Even though U.S. taxpayers are required to file a tax return every year, some people fail to do so. This may happen because a person is unable to compile the necessary financial information before the deadline, or a person may be concerned about the possibility that they will owe taxes to the Internal Revenue Service (IRS) or a state agency such as the Texas Comptroller's office. However, failing to file taxes can result in penalties, and the IRS can collect the amount owed through wage garnishment or other methods. Since the onset of the COVID-19 pandemic, it is more important than ever for taxpayers to address this issue, since a person's tax returns must be current before they can receive any economic stimulus payments.

If you have not filed tax returns in one or more previous years, E. Villanueva & Associates, Inc. can help you provide the right information to the IRS or other tax authorities, and we will make sure you can minimize or avoid penalties as much as possible. With Ed Villanueva's experience as a former IRS agent, he has been helping individuals, families, and businesses handle tax issues for more than 35 years. He can provide you with guidance about how to resolve concerns about non-filed tax returns while making sure you will be able to avoid these tax-related problems in the future.

Penalties for Failure to File

Most of the time, taxpayers are required to file a tax return each year before the deadline of April 15th. Those who do not file a tax return may be subject to a failure-to-file penalty. This penalty is 5% of the amount of taxes owed for each month that a taxpayer fails to file a return, up to a maximum of 25% of the total taxes owed. For returns filed at least 60 days after the due date, a minimum penalty will apply, which may be as much as 100% of the taxes owed. Taxpayers will also be subject to a failure-to-pay penalty if they do not pay the amount owed by the date this payment is due. Interest will apply to the amount owed until it is paid off.

While taxpayers who are eligible to receive a tax refund will not be charged a penalty for failing to file a tax return on time, they will not be able to receive their refund until they file their return. However, a taxpayer cannot claim a refund if they file a tax return more than three years after it was originally due. On the other hand, the IRS's statute of limitations for collecting taxes owed does not begin until a taxpayer files a tax return, meaning that if no return is filed, the agency will not have any time limits for assessing the amount of taxes and attempting to collect the amount owed. Taxpayers should also be aware that if they file their taxes after not filing a return for one or more years, this may trigger an IRS audit.

Taxpayers who are facing penalties for failure to file may have a number of options. First-time penalty abatement is available for those who did not have any penalties within the previous three years, as long as they file all applicable returns and pay or arrange to pay taxes that are due. When making arrangements to pay outstanding taxes and penalties, a person may make an offer in compromise, or an installment plan may be set up to pay off the amount over time. If a person is unable to make payments due to financial hardship, they may apply for an extension of the time to pay.

Contact a South Texas Enrolled Tax Agent

If you are facing penalties because you have not filed one or more tax returns, the Tax Liability Consultants of San Antonio and South Texas will help you determine your best options. We will work with you to gather the required information and make sure it gets to the right people while also helping you minimize the potential penalties that you may be required to pay. To arrange a free consultation, contact our office at 210-382-9015. We provide tax help to individuals and businesses in Corpus Christi, San Antonio, and South Texas.

Back to Top