California CPA Firm Warns of the Growing Pressure to Crack Down on Those Not Filing Tax Returns

Enter your search terms Submit search form

Sacramento, CA (PRWEB) May 31, 2007 -- California CPA Firm, Murray & Young, which has been assisting with individuals and businesses in California Tax Help, is warning those who have not filed tax returns that Congress is pressuring the Internal Revenue Service to do a better job of cracking down on non-tax-filers or those who should file tax returns but have not.



The IRS has estimated the nation's tax gap to stand at about $290 billion, for the 2001 tax year. The difference between what is owed to the government and what is collected has sparked lawmakers to put pressure on the IRS to take action.

Senate Finance Committee Chairman Max Baucus is one of these many lawmakers pushing hard on the IRS to improve tax collection. "Those who owe the IRS a tax return but fail to file are doing more than just breaking the law," stated Sen. Baucus. "They're draining our economy of vital resources that we need to pay for health care, education, and even tax relief."

For those who have not filed tax returns but should have, here are a few suggestions:
•Take action before the government does. The situation changes drastically when the government initiates the process.
•Make sure to come clean. It is unwise to file not only a delinquent tax return but one that is less than accurate.
•For those who have not filed because they cannot pay what they owe, consider filing anyways and try to arrange some sort of payment plan.
•Many people who have not filed for many years may actually be eligible for a refund.

There is no penalty for not filing when you are due a refund, you must file within 3 years of the date the return was due otherwise the money becomes the governments. Many people fail to file for a number of reasons including severe personal crisis, such as an illness, divorce, or death of a close family member. Nonetheless, it is not too late to file a return today.

Murray & Young is an experienced Sacramento CPA Firm as it has been providing California Tax Help to individuals and business entities for over 27 years. Murray & Young is propelled by a mission to serve the community in unmatched tax preparation, tax planning, tax representation, and estate tax planning services. Murray & Young staffs a team of talented professionals who are able to assist clients in a range of different areas. This California CPA Firm provides California Tax Help services that include representation and negotiations before all federal and state tax agencies, audit representation, and business consultation.

To obtain an expert opinion on tax planning and/or tax representation services, or to find out more about California Tax Planning, Sacramento Tax Help, or this California CPA Firm, contact Murray & Young directly at (916) 483-8300 or toll free (800) 914-TAXX (8299); fill out the Contact Us form online to obtain a tax review for your requirements; or fax your queries to 916.488.8299. For more information visit the official website www.april15.com and check out comments and testimonials from their satisfied clients. Additionally, a web enabled calculator option is provided to assist in making important decisions such as taking a loan, debt consolidation, loan payment, and tax savings.

###

Enter your search terms Submit search form