Upload
david-sky
View
108
Download
4
Embed Size (px)
DESCRIPTION
get the latest information and guideline for IRS tax refund
Citation preview
The IRS Can Keep Your Tax Refund
Get Latest
IRS Tax InformationIRS Tax News
IRS Tax Guideline From …Now prepare online taxes 2013 and get
fast tax refund from here
Not filing a tax return can become a major problem for taxpayers if they are not careful. The IRS has laws that make it much easier to
catch non-filers and punish the behavior of not filing a tax return. We are going to go over how
the IRS finds non-filers, how they handle delinquent tax returns and the various
penalties that go along with not filing a return.
How the IRS can catch you when you don't file a tax return.
There are two major ways that the IRS will discover if you have not filed a return. The first way is through their records. The records that
the IRS has will indicate that you were supposed to file a return and did not. The next
most common way to catch a non-filer is through the IRP or Information Return
Program.
This program will receive information returns from people who have paid you income over
the last year. This information will then be matched with the information that the IRS has
on file for you. This will let them determine whether you were supposed to file a return or
not.
Some of the other non-conventional ways the IRS will catch a non-filer is through
whistleblowers which may include employees, friends, family and anyone close to the
taxpayer. Remember that there is an incentive for a whistle blower to turn in the taxpayer for non-filing. This incentive can include monetary
compensation equal to a percentage of the amount of money the IRS collects from you.
One of the best services provided by us – Free tax filing 2014 and IRS tax forms 2014
The IRS can hold your refund and keep it too.Here comes the annoying part of not filing
your return. If you have a refund for the current year tax return and you have a
delinquent tax return for the previous five years, the IRS will hold your refund until you
file your delinquent tax return.
This program is called the Delinquent Return Refund Hold Program and is designed to
encourage taxpayers to file their returns and use their refunds to offset any tax liability that may arise from filing a delinquent tax return. So if you file a delinquent tax return the IRS
will use your refund as a credit against any tax liability that comes from filing that tax return.
There are certain situations where the taxpayers refund will be released to the
taxpayer after a hold has been put on their return. These situations include when a
delinquent tax return is determined to not have a tax liability associated with it or a
refund is due from that return.
If it is determined that the taxpayer does not actually have to file a delinquent tax return the refund will be released. If the taxpayer is in a
declared disaster area the IRS will release a tax refund that has a hold on it. The last situation
when a tax refund will be released to a taxpayer is when they can show that an
economic hardship exists and they need the money.
Here we also provide 2014 IRS tax forms and 2014 Free Taxes