Here at Personal Tax Advisors, we serve a lot of new clients who come to us having fallen several years behind on their income tax filing. Helping people clear away years of unfiled taxes is incredibly rewarding because we’re able to not only help with taxes (as always), but alleviate a lot of emotional distress. [...]
You may be feeling guilty or ashamed about filing late returns going back a few years, but there’s probably a good reason you fell behind. Why Do People File Late? It starts with the first one... For most people who have filed on time in the past, that first missed return is because of a [...]
It starts with missing one year. Tax time rolls around and you’re going through some things so you put it off or it slips your mind. Second year – it happens again. It starts to bother you, but life is hectic. Third year: now it’s becoming a habit not to file. Every now and then, [...]
Video: Overdue Tax Returns - Should You File? The Short Answer Is ‘Yes’ Filing old late tax returns. Should you do it? I know I’m biased. I am a tax professional and I prepare tax returns for a living. Of course I'm going to tell you to file your tax returns. But bias or no, [...]
April 30 may have come and gone, but if you haven’t filed your income taxes there’s still hope. It’s always worthwhile to file as soon as possible, even if you’ve missed the magic date. You may not actually be late! If you or your spouse have self-employment or freelance income, you both have until June [...]
Most letters from the Canada Revenue Agency look bad, but are in fact simple to deal with. An extremely common kind of CRA letter is the Request to File, which can be handled in a fairly straightforward way. The worst thing to do is to ignore a letter from CRA – it could cost you [...]
Everybody has off days, and sometimes that means not filing your taxes when you should. If those late returns are keeping you awake at night, the Voluntary Disclosure Program can help. By following some simple steps and filing your returns under the Voluntary Disclosure Program (VDP) you can reduce – or even eliminate – your late [...]
As we approach one of the biggest tax filing days of the year* and tension rises, it’s time to remind everyone of one important thing: Even if you can’t afford your tax bill, you really, really, really should file your tax return on time. Personal Tax Advisors: Next Level Tax Preparation Next Level Tax Preparation [...]
