| The IRS by it's own admission sends out over 2 | | | | Reconstruction of supporting documentation to |
| million notices, each year, to non filers who show | | | | complete a more accurate return can be |
| up in the IRS computer due to wages, interest | | | | accomplished simply by using "best guest |
| and mortgage interest reported. | | | | estimates" |
| The major reasons most taxpayers miss the | | | | Example of generating a 'best guest estimate": If |
| April 15th and the October 15th extension, filing | | | | a taxpayer was in business during one of the |
| date, is because of major changes in their | | | | years in which taxes were not files, it is save to |
| personal lives, such as illness, lost of employment, | | | | say that the taxpayer's cell phone bill (expenses) |
| death in the immediate family and depression. | | | | can be reconstructed, by finding out the monthly |
| Regardless of the reasons, there are other | | | | cost of the plan, the carrier and other particulars |
| factors that come into play after a taxpayer has | | | | that would have caused the bill to go up or down. |
| missed filing dates for one, two, three, or more | | | | Multiplying this amount by the number of months |
| years. | | | | the taxpayer was in business and you have |
| Factors such as: | | | | created a more accurate way to reconstruct tax |
| 1. Can't find the records needed to file the return. | | | | information for un filed tax returns. |
| 2. Fear or concern over how much they may | | | | These same online tax services can prepare an |
| owe | | | | Installment Agreement request, that once |
| 3. Concerns that they may not have the money | | | | accepted by the IRS, will allow the taxpayer to |
| to pay the taxes due | | | | pay monthly installments, including penalties and |
| 4. Belief that if they say nothing, nothing will be | | | | interest. |
| said. | | | | The belief that the IRS will suddenly go away is |
| 5. Don't know where to find the forms, can't find | | | | unreal. The IRS has 10 years to collect a debt and |
| the software for the previous years or not sure | | | | in some cases, longer. They will not go way. |
| what to do with the software once they find it. | | | | Taxpayers who have a fear of speaking to the |
| The good news is, there are now, online, tax | | | | IRS, can use the online service, to request |
| services who specialize in preparing un filed tax | | | | information from the IRS, to prepare the un-filed |
| returns. | | | | taxes. |