At Advisor Wealth Management, we understand that tax situations can be complicated, and sometimes things from past years need to be corrected or completed. If you need to amend, file, or pay past taxes, we’re here to help. Below are answers to common questions regarding prior-year tax returns.
I Didn’t Pay My Past Taxes. What Should I Do?
If you owe taxes from previous years and haven’t paid them, it’s important to address this as soon as possible to avoid penalties and interest. The first step is to schedule a tax consultation with one of our professionals. During the consultation, they will assess your situation and guide the best course of action, whether that’s setting up a payment plan or resolving any outstanding issues with the IRS.
I Need to Amend or File a Prior-Year Return. What Should I Do?
If you need to file a prior-year tax return or amend an already filed return, we can assist you. Please note that this is not included in your membership and comes at an additional cost.
- Pricing: The cost of amending or filing a prior-year return starts at $400, and the price may increase depending on the complexity of your situation.
- Billing: We will send you an invoice directly for this service. This will not be processed through our tax partner, Taxfyle.
- Next Steps: Schedule a tax consultation with one of our professionals to discuss your needs. You can book an appointment by logging in to your TaxFyle Account and clicking the “Get Started” button on the top right then Click Advisory.
What Happens in a Tax Consultation?
During your consultation, a tax professional will:
- Review your specific tax issue.
- Determine what documents and information are needed.
- Advise you on the best course of action.
- Provide an estimate of the total cost if additional work is required.
Why Should I Act Now?
The sooner you address past tax issues, the better. Unresolved tax matters can lead to penalties, interest, and even collection actions by the IRS. Scheduling a consultation is the first step in getting everything back on track.
How Do I Schedule a Tax Consultation?
Scheduling a consultation is easy! Click here to login to your account to book your appointment and get started on resolving your past tax issues today.
If you have any further questions, feel free to reach out to our team at help@advisor.com. We’re here to help!