How to File BACK TAXES, Avoid PENALTIES, and Get Your Life Back!

Today I am talking about filing previous years' taxes, also known as back taxes. I tell you how to file your back taxes step-by-step, how many years back you can (and possibly should) file your back taxes, and more!

There are many consequences to not filing your tax return, and it's generally in your best interest to file your back taxes as soon as possible. You should also be aware of the interest and penalties that accrue on back taxes because they can be significant, especially the penalties. Thankfully, in this video, I cover how the penalties are calculated and how you can possibly get rid of them. And even if you don't owe taxes, you still want to file to secure your previous year's tax refund. If you're wondering how many years back you can get a tax refund, I cover that too.

⬇️ More Tax Relief Videos:

⬇️ Other Resources:

Table of Contents:
0:00 How to File Your Back Taxes
0:56 Why People Get Behind on Their Taxes
2:08 The Snowball Effect on Back Taxes
2:28 IRS Notices CP59, CP515, CP516, and CP518
3:08 You Need to Deal With This
4:10 Consequences of Not Filing Your Tax Returns
4:29 IRS Failure-to-File Penalty
5:13 IRS Failure-to-Pay Penalty
6:10 Interest Accrual on Back Taxes
6:49 Loss of Refund (How Many Years Back Can I Get a Tax Refund?)
8:20 Inability to Get a Loan
8:36 Inability to Get Student Aid
8:43 Loss or Delay of Stimulus and Other Forms of Government Aid
8:57 Loss of Immigration Status
9:10 Loss of Future Social Security Benefits
9:25 IRS Substitute for Return (BAD NEWS)
12:04 Reasons Why You Don't Want the IRS to Prepare Your Return For You
14:07 How Do You Actually File Back Taxes?
14:29 How Many Years of Back Taxes Do You Have to File?
15:13 Step 1: Figure Out What Returns You Need to File
15:26 Step 2: Determine the Order in Which You Should Prepare Your Returns
17:59 Step 3: Gather Tax Forms and IRS Transcripts
19:25 Step 4: Reconstruct Your Information
24:10 Step 5: Prepare and File Your Returns
26:45 Penalty Abatement
27:25 First-Time Penalty Relief
28:02 Penalty Relief for Reasonable Cause

#tax #taxes #backtaxes

[hughwhitledge]

Excellent video.

The IRS is almost always easier to deal with if you are trying to comply with the tax laws than it is if you are trying to run away from them or thwart them.

[jasondauphin]

Wow! In just 30 mins of watching this video I learned more from you than the CPA’s and financial advisors who I paid for years. Thank you! And i just like and subscribed to this channel.

[nenabomb]

My gawd you are so relaxing. I talked to an HR Block employee and felt like I was being spanked by the IRS. I can’t tell you how it helps when you sound relaxed

[TRAIL_CAMS]

Extremely helpful and giving me confidence moving forward. Thank you.

[NatureLovingIntellectual]

Great video for those who still think they owe income taxes 👍

[MrDmacc]

All those penalties and taxes and interests. A person will never be able to get out of that. They already set up for failure.

[strangelillas]

Im kind of at the point of where im afraid i screwed up my whole life and it feels like Im drowning i dont even know where to begin

[themobilehomechic]

Thank you Logan for extending your knowledge, resources and non complicated tax language.

[towandaingram]

Thank you for the information Logan

[ABxThugg]

So I ended up filling my taxes for this year, but later found out I never filed my taxes for the previous year. I know you talked about filing the earlier years first. Would I have to wait until tax season arrives again, or can I file the back taxes at anytime. What happens next?

[Soccox]

Can filing for bankruptcy eliminate federal tax debt, and thank you for your replies

[enriquee]

What if you WANT to file those past taxes but you don't have the W-2? I'm missing some of mines. I tried looking online on my irs account but no luck because I think that's only for copies of years you already filed. That old employer is no longer available neither. I don't know where to start or look

[Giraffe]

Love your video! Thank you so much! Liked and Subscribed! Question? I forgot to file 2022 taxes 🤦🏻‍♀️ mostly because it was my first 1099. Should I file that first before I file 2023?

[NaNa-ugej]

Im in need of help . I havent filed in 6 years and im afraid the fees and interest are going to ruin my life. Some years i had no bank account and i lost my records . I had some of the work being done from home. I was renting and none of the bills were in my name. What can i do to prove all my legally allowed deductions

[instructor]

Acceptance: the only way to quiet the claim and discharges the claim immediately. Creates no controversy, no argument and you regain title. A charge is simply a claim on title. You are the title.

Any Piece of paper placed before us; they believed we would examine it, they believed we would accept it, they believed we would return it, they believed we would make the counter-offer and when we return it, it is finished.

[fortnitelogan]

I am defiantly trying to have you help me with my taxes

[esthermaloney]

Hi Logan thank you for taking time with us. Now the big question for the people that is getting evicted what to do. So 😢

[ImWORTHITINC]

I need help for my C CORPORATION taxes! do you have a video on this?

[GetRealFeelTheHeal]

I haven't filed taxes since my youngest son was 16, and he's turning 38 this month. I haven't received notices from the IRS. For the most part, I've claimed zero exemptions and had max taxes taken out. I have no idea where to start.

[dennishassler]

i wanted to fill back taxes, but cannot find my K-1 form. I will NOT owe anything, because I have deductions enough to NOT pay.