Prior Year Tax Filings

If clients wish to bring themselves back into compliance with the IRS or other taxing agencies – by filing prior year tax returns – our firm can prepare delinquent filings with little or no records. Due to successful taxpayer challenge, resulting in the Cohan Rule, clients may estimate or reconstruct most business expenses. Reported income may be based on corroborated third party records or wage and tax withholding transcripts available from government information return programs. If prior year filings are less than three years old (four within the state of California), clients may be entitled to tax refunds.

To qualify for an installment agreement, offer-in-compromise, uncollectible status, or reassessment of government prepared assessments (also referred to a substitute-for-return), all delinquent filings must be satisfied.