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
.
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 was very responsive and very helpful. He made filing taxes very easy! I will definitely be coming back to file taxes every year. Thank you!
— Margreen Freeka Brown,
Posted June 3rd 2024 on google
Marcus is great! He saved me thousands in taxes last year when I owed the government & ensured I received as much money as possible looking through all potential tax breaks this year. The portal is easy to navigate and to keep your information all in one place to make the 30 minute chat to file so easy. Will be going ...
Marcus is awesome! He was helpful, kind and informative when assisting with my tax filing for this year. He provided important insights and brought humor to a not so fun task!
— Elizabeth Whittle,
Posted March 30th 2024 on google
Marcus is the best! Very detailed and gets you every claim you can get!
— Kate & Jason Pulley,
Posted March 9th 2024 on google
Marcus has done my taxes for the last three years and I wouldn’t have anyone else do them. He’s quick, efficient and personable. I would recommend anyone to him!
— MaKayla Foley,
Posted February 25th 2024 on google
It was a great experience!! Marcus is very nice and professional an explains things well.Thanks again Marcus!!
— Megg Beasley,
Posted February 21st 2024 on google
Marcus has been a huge help for the last couple of years. He’s personable and experienced in what he does. Always has a solution, gives sound advice.
Marcus was very insightful, explained all necessary line items and very courteous and professional. I recommend his firm to anyone needing tax prep, accounting needs and business accounting expertise. Thank you Marcus for everything.
— Tyson Hawkins,
Posted August 21st 2023 on google
Paramount did a great job and Marcus explained everything thoroughly. I look forward to returning in the future.
Marcus was great to work with to complete our taxes this year. He helped me sort through my husband’s business expenses and provided bookkeeping advice to make next year’s filing a breeze. In less than two hours, everything was done. Marcus was patient and professional. We will definitely use his services again. Hi...
I had a great experience working with Marcus. From the beginning he was extremely knowledgeable friendly and welcoming. He was able to address all of my questions and concerns and I left feeling great about my overall experience. I highly recommend anyone looking for a great tax professional for personal or business ta...
Marcus is very Professional Tax consultant. Thought I went to him 1-day before the tax deadlines, he took time out to help me out, answered all my questions patiently , gave me some tips to manage taxes as well. And his fees were reasonable too. I highly recommend him if you are in the area.
— Shariff Mohammed,
Posted April 17th 2022 on google
Very knowledgeable, excellent communication, and very personable. It is very hard to find good people, so look no further than Marcus!
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.
Paramount Tax is now offering financial and tax franchises across the US!
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.
