What
What Prior Year Tax Filing Includes
Prior year tax filing involves preparing and submitting tax returns for previous years that were not filed.
This may include:
Benefits:
- Reviewing IRS records to identify missing returns
- Gathering income documents and financial records
- Preparing accurate tax returns for each required year
- Submitting returns to the IRS
- Correcting IRS estimates when applicable
- Updating the account to reflect filed returns
Filing prior year returns is often required before other IRS resolution options are available.
When
When Prior Year Filing Is Needed
Unfiled tax returns may occur for several reasons.
These situations often include:
Benefits:
- Missed filing deadlines
- Incomplete financial records
- Business income that was not reported
- IRS notices requesting missing returns
- Substitute returns filed by the IRS
Once returns are brought up to date, the account can be reviewed for next steps.
IRS
IRS Substitute Returns
When tax returns are not filed, the IRS may prepare a substitute return on behalf of the taxpayer.
These returns are based on available income information and do not include deductions or credits that may apply.
This often results in a higher tax balance.
Filing accurate prior year returns may replace the substitute return and adjust the amount owed.
Importance
Importance of Filing Prior Year Returns
Filing missing returns is often the first step in resolving IRS tax issues.
This may:
- Bring the account into compliance
- Provide accurate calculation of tax owed
- Replace IRS substitute returns
- Allow access to IRS resolution programs
Until required returns are filed, most resolution options are not available.
Tax
Tax Preparation Services
In addition to prior year filings, Advanta Tax provides tax preparation services for current and ongoing filings.
This includes:
- Individual tax returns
- Review of income and deductions
- Business tax returns
- Preparation of accurate filings based on current tax laws
Maintaining current filings helps prevent future IRS issues.
Why
Why Work With Advanta Tax
Advanta Tax provides:
- Review of IRS records and filing requirements
- Assistance correcting IRS substitute returns
- Houston-based service with local support
- Accurate preparation of prior year tax returns
- Ongoing tax preparation services
We focus on accurate filings and proper handling of IRS requirements.
How We Work
Our Process
We follow a consistent process when handling tax resolution matters.
1
Account
Review
We obtain IRS records to confirm balances and filing history.
2
Compliance
Check
We identify current balances owed to IRS and/or state and file missing returns.
3
Evaluation of
Options
We determine which IRS programs may apply.
4
Implementation
We proceed with the appropriate resolution strategy.
5
Follow Up
We continue communication with the IRS until the matter is addressed.
Service Area
Houston-based,
nationwide service
Advanta Tax Consulting is based in Houston and serves clients nationwide.
FAQ
Frequently Asked Questions
The IRS may require those returns to be filed before any resolution options are considered.
A substitute return is prepared by the IRS when a taxpayer does not file. It is based on available income information and may result in a higher tax balance.
In some cases, filing accurate returns may replace IRS estimates and adjust the balance.
Available records are used along with IRS transcripts to prepare the returns as accurately as possible.
Most prior year returns must be submitted by mail, depending on the tax year.
Accredited & Trusted
Recognized Credentials & Memberships
National Association of Enrolled Agents
Texas Society of Enrolled Agents
Asian Chamber of Commerce
Get In Touch
Contact Advanta Tax
Contact our office to discuss your IRS tax situation and review available options.
Consultations for Tax Resolution Issues are Free
address
4009 EE Bellaire Blvd
Houston, TX 77025
Phone
Fax
713-664-7230