Unfiled Return Completion

The IRS Would Love to Take Care of Your Unfiled Tax Returns For You… Does This Sound Like a Good Plan?

NOT filing your tax returns is a criminal offense.

The punishment for unfiled tax returns can be as severe as one year jail time for every year your taxes go unfiled. Don’t think you can continue to get away with it. As the computer system at the IRS gets more complex and sophisticated, the chances of you getting flagged and caught increase exponentially.

But here’s what you can do…

First, let us help you comply with the law. By taking the initiative and filing your unfiled tax returns, you can still take advantage of the deductions and allowances due to you. Yes, you are still going to owe taxes, and likely penalties and interest, as well, but if you wait for the IRS to take care of your problem for you, they are going to do so in the best interest of the government with little thought or interest in your bottom line.

By voluntarily filing all delinquent returns, you will save yourself further problems, and we can help you do that.

Once your returns are current, we can look at your total owed and help you create a plan of action to remedy the situation.

Let Us Help:

The Colorado Springs Taxpayer’s Guide: How Do I Calculate My Federal Tax Withholding?

Key TakeawaysA large refund is an interest-free loan to the government, while a big bill suggests you are at risk for IRS underpayment penalties. Updating your Form W-4 by late April allows you to spread adjustments across the majority of the year, minimizing the...

How Does Self-Employment Tax Work For Colorado Springs Taxpayers Leaving Their 9-to-5?

Key TakeawaysAs a W-2 employee, you pay half of Social Security and Medicare tax through withholding. As a self-employed taxpayer, you pay both halves through self-employment tax. Self-employment tax is 15.3% of your adjusted net earnings, and you also pay...

Your Tax Pro’s Guide To Spring Cleaning Your Tax Reduction Strategy

Key Takeaways Use your 2025 return as a diagnostic tool to calculate your real tax percentage and identify specific areas for AGI reduction. Use the post-tax season window to calibrate your withholding or estimated payments. IRS limits have increased for 401(k)s...

Can an ABLE Account Help Colorado Springs Families with Qualified Disability Expenses?

Key Takeaways ABLE accounts let you save and invest tax-free for disability-related expenses. Up to $100,000 in an ABLE account is excluded from Supplemental Security Income (SSI) resource limits, and Medicaid eligibility continues beyond that. Withdrawals are...

How Does the Health Savings Account Work for Colorado Springs Taxpayers?

Quick Answers: How Does The Health Savings Account Work?You must have a qualified High Deductible Health Plan (HDHP) to open and contribute to an HSA (2025 min deductible $1,650/$3,300; max out-of-pocket $8,300/$16,600). HSAs give you a triple tax advantage:...

Colorado Springs Couples: Wondering When to File “Married Filing Separately”?

Quick Answers: When To File Married Filing Separately?Filing separately can help if one spouse has high medical expenses and a lower income. It can protect a tax refund from being seized if the other spouse owes past debts (taxes, child support, student...

Does OBBBA Change How Social Security Is Taxed for Colorado Springs Retirees?

“The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” ―Jean-Paul SartreQuick Answers: How Does OBBBA Change How Social Security Is Taxed?Many retirees 65+ will see a lower overall tax bill in 2025–2028 thanks to the...

No Taxes on Overtime: Bigger Paychecks for Colorado Springs Workers?

“The trouble with the world is not that people know too little; it's that they know so many things that just aren't so.” —Mark TwainQuick Answers: How Much Will I Actually Save With No Taxes On Overtime?You’ll still pay Social Security and Medicare (FICA) tax on every...

Colorado Springs Families: Will Updating My W4 Tax Form Boost My Paycheck?

 “A man should never neglect his family for business.” —Walt Disney Quick Answers: Will Updating My W4 Tax Form Increase My Paycheck?Child Tax Credit (CTC) is going up to 2.2K per child, but many will need to update their W4 to see that reflected in...

Itemizing Deductions This Year? Colorado Springs Taxpayers, Read This

“If a window of opportunity appears, don't pull down the shade.” —Tom PetersQuick Answers: 2026 Charitable Giving Changes Under OBBBAIn 2026, itemizers can only deduct gifts above 0.5 percent of taxable income, and the 60 percent AGI limit becomes permanent. 2025...

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