postheadericon Tax Returns

The potential for criminal prosecution for failure to file Tax Returns is very small; however, the economic consequences for Unfiled Returns are severe – there is a maximum  25% late filing penalty that can be applied to the tax.

The late filing penalty combined with a late paying penalty of up to 22.5% and accruing interest can easily exceed more than 50% of the original tax liability in many cases.

It is almost always in the best interest of the taxpayer to file, regardless of ability to pay.

Richard Cotton will work with you to prepare and file current and prior period Tax Returns.

Call The Law Office of Richard B. Cotton NY - Top New York City Tax Lawyer at (212)  297-0275.