'I HAVEN'T FILED TAXES IN 20 YEARS' — Here's What You Should Do!

Today I'm giving some off-the-cuff advice that I would give to someone who came to me and confessed that they haven't filed taxes in 20 years. They feel terrible about the position they've found themselves in, and they know that the IRS is after them because the IRS filed a return for them for at least one years. Here's what I would say to this guy!

Table of Contents:
0:00 "I Haven't Filed Taxes in 20 Years"
2:12 Figure Out What Tax Years to File
4:52 Figure Out the Best Order to File Your Returns
7:36 Ask the IRS About Years They Filed For You
8:41 Consider the Collection Statute Expiration Date (CSED)
10:33 How Do You Actually File These Back Tax Returns?
12:47 You Can Get Your Transcripts For the Last 10 Years
13:22 What About For Years Older Than 10 Years? FOIA Request!
15:46 Request Unmasked Wage and Income Transcripts!
16:22 Biggest WARNING Here

#backtaxes #taxdebt #taxes

[tonyinarizona]

If you haven't filed in 20 years keep doing what you are doing.

[stphinkle]

If an SFR is filed, can you just write a check or make an online payment for whatever the IRS says is due and call it a deal if someone doesn't want to take the time to prepare a new return? Are there any major downsides of doing this other than a potentially higher rate?

[sheronsidbury]

Loved this. Started watching you during the pandemic. Love the guidance you give. What states are you licensed in?

[hughwhitledge]

Thank you.

Anyone ten or twenty years behind needs representation by someone with expertise in this particular area.

[steadyphil]

Okay, potentially dumb question here: How was this person able to go for 20 years without any additional SFRs being filed besides the first one?

[microweener]

Just a ranom fyi to help you who havent filed and are freaking out... If you are a w-2 employee where taxes are withheld you wont get in trouble at all. However you essentially forfeit whatever return you may have gotten.

[chrisguli]

Hasn't filed in 20 years?...how about the state ? CA? Filing and paying the IRS is half the battle and the other half in the state, unless it's one of the tax free states like FL or TX. This person needs to win the lottery.

[AngelaP-eixd]

I file every year, I owe $1700 from last year and $3700 this year 🤦🏻‍♀️ What should I do? I’m scared, I’ve sent them payments of $200 but I don’t have a payment plan! I’m extremely scared to call them😢

[kevinmartinx]

I haven’t filed since 2020 I’m scared because my dad in the process of getting residency what should I do?

[dorthelroberts]

My taxes are complicated, and I dont have money for a professional what do I do?

[AbidHussain-nxlb]

My son born in usa in feb 2002
Never lived in usa lives in canada

Full time student worked part time in canada

Have to file tax in usa ?

He has ssn & birth certificate and old expired passport

Does he need any valid ID ?

Can he file usa tax from usa too while living in canada

How many years he needs to file ?

20 21 22 23 ?

Thanks

[jeremywalker]

If you make less than $8, 000 a year you don't have to file

[harrisonchevy]

You can kiss your Social Security goodbye my friend.