3 Steps to Deal With Unfiled Corporate Tax Returns
When it comes to filing your taxes, you cannot take any chances. Since it requires a lot of paperwork and documentation, you need to make sure that you do it on time. However, if there is an instance where you have not filed your tax returns, you need to follow certain steps after that. If these steps are followed properly, it is unlikely that you will have to deal with a problem because of unfiled corporate tax returns . Here are some of the steps you should follow to deal with unfiled corporate tax returns effectively: 1. Contact the IRS To begin with, you need to contact the IRS if you have not filed your taxes. They will do it for you, however, they will charge additional tax for it which you will need to pay. In this stage, you need to have information about your taxes and the ways you will use to pay them off. If you are not sure about what you should do next, you should seek the help of a professional. 2. Retrieve the income records Once you have the basic