I talk to a lot of people who are stressed out about their back taxes, and one of the biggest reasons they’re holding off on filing is because their records are a mess—or completely non-existent.
If you’re in that boat, I have some good news: You can still file your returns.
Waiting because you don’t have every receipt or 1099 is actually the riskiest move you can make. The IRS already has a lot of your information on file, and there are proven ways to reconstruct your records or use estimates that the IRS will accept.
Here is the reality of what we can do:
Get your “Wage and Income” transcripts: We can pull the data the IRS already has from your employers, banks, and payers.
Reconstruct your expenses: Even without every receipt, we can often use bank statements, industry standards, and other documentation to get an accurate picture of your situation.
Stop the penalties: The “failure to file” penalty is often much higher than the “failure to pay” penalty. Getting the paperwork in is the first step to stopping the bleeding.
You don’t need a perfect shoebox of receipts to get right with the IRS. You just need a plan.
If you’re ready to stop worrying about the missing paperwork and just get this off your plate, let’s chat. Reply to this email or click on the link below to schedule your free consultation.