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Old 01-03-2004, 04:34 AM
Wayne Brasch
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Posts: n/a
Default Re: What to do?

"Delancey" <delancey99[at]hotmail.com> wrote:

- quote -

> Situation:
> A "person I know" sent in an auto extension of Fed Income
> taxes the past two years (2001 and 2002). They never
> actually filed or paid the tax owed (about $1500 each year).
> Due to fear and guilt this person wants to get back in good
> stead with the IRS, what is the best way to approach this?


File the returns as soon as possible and pay the taxes as
rapidly as you can. Go ahead and take care of this
situation. It will only get much worse if you ignore it.

Wayne Brasch, CPA, M. S. Taxation

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #1  
Old 01-03-2004, 03:55 AM
Harlan Lunsford
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Default Re: What to do?

Delancey wrote:

- quote -

> Situation:
> A "person I know" sent in an auto extension of Fed Income
> taxes the past two years (2001 and 2002). They never
> actually filed or paid the tax owed (about $1500 each year).
> Due to fear and guilt this person wants to get back in good
> stead with the IRS, what is the best way to approach this?


Tempus fugit, and that "person you know" ain't getting any
younger.

There's no time like NOW to get right with IRS. So Friday
morning, get the returns done and filed. Might also be a
good idea to consult a professional in your area to make
sure all the i's are crossed and the t's dotted. well,
something like that.

Happy New Year,
Harlan Lunsford, EA n LA

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 
Old 01-03-2004, 03:36 AM
TaxmanHog
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Posts: n/a
Default Re: What to do?

"Delancey" <delancey99[at]hotmail.com> wrote:

- quote -

> Situation:
> A "person I know" sent in an auto extension of Fed Income
> taxes the past two years (2001 and 2002). They never
> actually filed or paid the tax owed (about $1500 each year).
> Due to fear and guilt this person wants to get back in good
> stead with the IRS, what is the best way to approach this?


File & Pay the tax liability, Interest & Penalty.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 12-31-2003, 11:12 PM
Delancey
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Posts: n/a
Default What to do?

Situation:

A "person I know" sent in an auto extension of Fed Income
taxes the past two years (2001 and 2002). They never
actually filed or paid the tax owed (about $1500 each year).

Due to fear and guilt this person wants to get back in good
stead with the IRS, what is the best way to approach this?

Many thanks in advance for your advice.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 


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