Did you forget to file your taxes for 2020? Maybe you’re hoping the IRS didn’t notice, or you keep telling yourself you will get to it when you have the time. Unfortunately, unfiled taxes are a situation that only gets worse the longer they go ignored. In order to avoid fines or an investigation by the IRS, it is best to be up-to-date with all of your taxes. But don’t worry if you are behind - Paramount Tax’s Richmond tax advisers, can help you file your overdue and/or unfiled taxes.
If you were owed a refund on your 2020 taxes:
Fortunately, you still have a chance to collect your refund! You cannot receive your refund until you file, however, and the deadline for collecting your refund is 3 years, so the sooner you file the better. While you won’t face any penalties for filing late when you don’t owe, you should always file and pay your taxes on time to remain in good standing with the IRS.
If you owe the IRS money and you haven’t filed:
You will be charged a 5% failure-to-file fine, up to 25% of your total taxes owed. Then the IRS could file a return for you - which means you will lose out on any returns or tax credits you may be owed. If you still fail to pay, you will start accruing an additional failure-to-pay fine. Eventually the IRS will begin debt collection and could seize your property or freeze your bank accounts. If you owe money on unfiled 2020 taxes, then you should consider speaking with a qualified tax adviser in Richmond.
The accountants of Paramount Tax are experienced with late tax filing and we can assist you in preparing and filing your late 2020 taxes. We can help you set up a payment plan, file your overdue taxes, and get you back in good standing with the IRS. After reconciling your debts and filing your late taxes, we can assist you with other Richmond tax services like tax preparation to avoid late filing in the future.
Don’t worry if you are searching for “2020 late tax filing.” Tax season can be confusing and stressful and it is easy to get behind in filing and paying taxes. Paramount Tax is here to guide you through the 2020 late tax filing process and to answer any questions you may have. As long as you are upfront with the IRS about your situation it is easy to get your record back on track. Contact us today to schedule your free consultation and to learn more about our Richmond tax services.
Get back in good standing with the IRS
Paramount Tax & Accounting CPAs Richmond East can help you file late tax returns in Richmond and navigate your options if you are faced with penalties. Contact our accountingbookkeeping firm in Richmond for a free consultation to help
file taxes late in Richmond
.
Late return review
Timing, accuracy, and necessity are key factors when it comes to filing a late tax return. Paramount Tax & Accounting CPAs Richmond East can assist you from start to finish.
Marcus is absolutely wonderful to work with. He’s been my tax professional for several years and he’s always guided me in the right direction, prompted me for ways to lower my tax burden the next year, and is a great communicator. I highly recommend Paramount for your business and personal tax needs.
Robyn Quarles
Marcus was friendly, approachable, and extremely efficient! Great problem solver and went above and beyond to help get me the best possible return.
Cassidy Robertson
So helpful and fast! Thank you Marcus!
Chelsea Warren
Marcus was fantastic and very quick getting the documents we needed! He actually answers his phone, scheduled an appointment the next day, went through quickbooks online and provided us the detailed information we were looking for! Highly recommend him!!
Coleen Hickey
I reached out to Mr. Taylor with a unique tax situation. He was very knowledgeable and took care of my tax needs. It was easy to reach him, schedule an appointment, and upload docs.I was even able to save myself the drive to his Mechanicsville office; he offers Zoom meetings.
He is thorough, efficient, friendly and a pleasure to work with. I will be utilizing his services again next year. I recommend him 100%!
Gail Foxwell
I met with Marcus today and he was kind and efficient as always. He answers my questions and we discuss what to do for next year. I have been to him for the last four years or so. His pricing is very fair. Highly recommend.
Patrick White
I’ve worked with Mr. Taylor for 2 years now and am completely happy with the service I’ve received. My taxes were expertly prepared and I was given detailed explanations for anything I was confused about. I look forward to being a customer for many years to come!
Slade Salisbury
Marcus is simply the best around! He is efficient and is always available to answer your questions! He has a good vibe and will always make sure your taken care of! Truly the best tax person around Richmond!
Danny Hickman Jr.
I have been working with Marcus Taylor at Paramount Tax and Accounting for the past several years, and the experience has been consistently outstanding. Marcus is knowledgeable, responsive, and extremely thorough in both personal and business tax matters.
What truly sets him apart is his ability to stay calm and solution-focused in complex situations. Most recently, he helped resolve a time-sensitive IRS matter efficiently and professionally, ensuring everything was filed correctly and accepted without unnecessary stress. His guidance has been instrumental in helping me make informed financial decisions and stay compliant year after year.
If you are looking for a CPA who is strategic, detail-oriented, and genuinely committed to his clients’ success, I highly recommend Marcus and Paramount Tax and Accounting.
Justin Smith
Marcus is knowledgeable, fast, and efficient. In and out servicing without the headache. Highly recommended!
Michelle Cooke
Marcus is definitely your go too for taxes! Extremely knowledgeable, fast, and friendly service. Appointments are super easy to schedule and his prices are definitely fair.
Andrew
Highly recommend Marcus at Paramount Tax. Very knowledgeable CPA with very reasonable pricing. A+
Harriett Hamlin
Mr. Marcus Taylor is a knowledgeable CPA professional. Assisting a novice, such as myself with no mathematical acumen, was a Great relief! Mr. Taylor's articulation & attention to my tax return questions were answered with ease. To make sure I get All my "millions", I surely will continue to solicit his advice & advise others to do the same. Thank you Mr. Taylor!
Joel Graham
Got me all caught up and compliant. It was awful, but Marcus came through for us! Highly recommend.
Lena Davis
Marcus is THE MAN! I did something totally dumb and the IRS charged me a huge penalty one year I didn’t use Paramount Tax. Marcus explained to me how to get that appealed and the appeal was approved!! I got back a bunch of money because of Marcus’ kindness for guidance when I made a mistake and God looking out! I definitely recommend this place
Shannon Crowe
Very professional and talented. Got us a lot back on our refunds. We will be back next year for sure!!
esa
Marcus best cpa in town
Kate Dowdy
Marcus is the best! Been using him for the last 3 years. Professional, personable, and works to get you every deduction for the greatest return.
DLR-PDS Hybrid Training & Consulting
Hello~
I have being a client of Marcus for 3 years. He provides extraordinary customer services regarding preparing and processing my personal and business taxes.
Marcus is a true professional who has extensive knowledge of accounting. He does an outstanding job of making the client feel relaxed and comfortable which is good based on the fear or anxiety most people feel when getting their taxes prepared.
He is excellent with obtaining needed information from clients and he always shares pertinent information to help you understand and prepare for the upcoming year regarding financial opportunities and obligations.
I highly recommend Marcus for all of your accounting needs.
Best regards,
DL Rogers
Owner
DLR-PDS LLC
Hunter Scott
Marcus is THE best. Truly so helpful and not the type of guy who shames you for being late or having to chase that last tax doc! I wish I'd found him sooner!!!! He's your guy!
Don’t Leave Money Behind
Maximize your deductions and reduce your liabilities. Schedule with Paramount Tax & Accounting CPAs Richmond East today
Many people do not know how a professional tax firm differs from a tax preparer. The main difference when working with a professional tax and accountingbookkeeping firm, such as Paramount Tax & Accounting CPAs Richmond East, is that we know taxes!
Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 Late Tax Filing firm in Richmond. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting CPAs Richmond East!
Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accountingbookkeeping firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accountingbookkeeping firm utilizes licensed professionals, who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics.
Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax & Accounting CPAs Richmond East a call or visit our
tax and accountingbookkeeping firm in Richmond
for a free consultation.
Through dedication to the three underlying principles of professionalism, responsivenessandquality, Paramount is committed to providing outstanding service to our clients.
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In the unlikely event you receive a tax notice, we have an entire audit defense department ready and available to help. We partner with Protection Plus $1 Million Tax Audit Defense so that we can work towards a favorable resolution in every situation our clients might face.
