1-800-548-4639Can I Use ChatGPT to Do My Taxes?
ChatGPT has revolutionized the way people learn and communicate. But can it help you do your taxes? This accessible and easy-to-use tool brings vast amounts of data to your fingertips. Yet, ChatGPT has its limitations, especially come tax season. It falls short compared to real tax experts, like the enrolled agents at BC Tax. You […]
Read moreWhat Are Delinquent Taxes?
Simply put, delinquent taxes mean taxes you haven’t paid after the payment deadline has passed. They attract additional penalties and interest, which will continue to accrue as long as they remain unpaid. In 2024, the IRS assessed $17.8 billion in additional taxes for late returns and brought in close to $3.2 billion with delinquent returns. If any […]
Read moreWhat Happens If You Don’t File Taxes for 10 Years?
After several years of not filing, it may seem easier to avoid the issue and hope it goes away. Unfortunately, the consequences of not filing or paying taxes continue to build throughout this period. While the Internal Revenue Service (IRS) will eventually stop seeking payment, it’s usually better to deal with the issue. Working with […]
Read moreWhat Happens If You Don’t File Taxes for 5 Years?
Life gets hard sometimes, leading you to miss responsibilities like filing your taxes. The process might seem daunting as the paperwork piles up or gets lost. However, five years without filing taxes could lead to growing penalties and collection actions from the Internal Revenue Service (IRS). When you file your taxes, you no longer have […]
Read moreWhat Happens If You Don’t File Taxes for 3 Years?
If you’ve missed filing three years of taxes, it’s not too late to fix it. While you may face some increasing penalties, you still have options. Filing now can avoid worse consequences down the road. It helps you get back on track and avoid further penalties and IRS collection actions. Interest and Penalties Quietly Add […]
Read moreWhat Happens If You Don’t File Taxes for 2 Years?
Many situations may cause you to fall behind on your taxes, from significant life changes to financial hardship. While you will face some consequences, it’s not the end of the world if you’ve missed two years. Just focus on filing now. This step helps you move forward with more peace of mind. Can You File […]
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