In my previous blog, I talked about taxpayers who haven’t filed in a several years. Now you are ready to file only to find out that you have misplaced some of those tax documents, you can’t remember when the last time you filed last, or maybe you can’t locate the previous tax returns that you did file! Well, there is a solution to all that and more. Transcripts!!
I can log into the IRS databases, with a signed power of attorney and pull all that information for you. I can see what the IRS see’s and along with all the tax documents that were filed, when you filed last, any penalties and interest, refunds, taxes owed, assessments, upcoming audits and much, much more.
With these transcripts, I can help recreate the tax returns that need to be filed, see if you could qualify for penalty abatement and see what the best course of action will be going forward.
Upcoming Due Dates:
- Second quarter estimated tax payment due.
- Partnerships and S-Corps that were put on extension are now due.
- Third quarter estimated tax payment is due.
- Estates/trusts that filed an extension are due.
- Individual tax returns (Form 1040) are due for taxpayers who filed an extension.
- C-Corporation tax return is due for C-Corporations that filed an extension.
Ancient taxes from around the world
In Ancient Rome, it was not uncommon for slave owners to free their slaves after a certain number of years of work and/or the payment of a certain fee. Slaves could pay that fee because they had the opportunity to work in several places, and thus could earn the money used to obtain their freedom. The Roman government required the newly free slave to pay a tax on his/her freedom.
Something to ponder: If you are subjugated and separated from you family, forced to work, and possibly physically harmed (beaten/whipped), would you want to pay a tax??