Tag: File Taxes

Are You Responsible for Incorrect Tax Documents Sent to You?

Written by Paul Belfiore on March 14, 2025. Posted in Blog, Taxes.

Hudson, NH Resident Find a Big Mistake

You should not take for granted that all of the paperwork that you receive for your taxes is correct. This includes a W2 issued by the employer and Form 1099s for those that are self-employed or gig workers. Mistakes made on these forms can happen due to human error. If this isn’t caught, and corrected, prior to filing your taxes you may be hit with an IRS audit. If you receive an incorrect tax form, you will need to contact the issuer of the form regarding the mistake. You can request a corrected form be sent to you, making sure the “corrected” box is checked so that the IRS knows that this is an amended form. Waiting too long or failing to request this correct documentation can put you at risk in the future.

What to Do If You Didn’t Submit a Tax Return

Written by Paul Belfiore on May 12, 2023. Posted in Blog, Taxes.

Litchfield, NH Resident Worries About the Implications

If you missed the tax deadline for only the past year’s tax return, you should go ahead and file as soon as
possible. However, if you have missed multiple years of filing taxes the IRS will require you to submit
the past six years of tax returns. Late filers may be hit with failure-to-file penalty from the IRS. The
amount of this fine is based on the amount of unpaid taxes and how late the return is filed. This penalty
is 5% of the unpaid taxes for each month the return is late.