A delinquent income tax return is defined, in the eyes of the IRS and federal government as:
Income tax return having a US mail postmark after April 15th, if an extension was not granted. If an extension was applied for and granted, a delinquent income tax return is defined as an income tax return with a US mail postmark after the due date of that extension.
Does the IRS Keep my Return Money if I am Late? -
After three years, yes. There is a statute of limitations, or certain period of time allowed, by the federal government applied to receiving income tax refund money for a given year. That is three years from the due date of the tax return, not January 1st.
Just think, you could have money owed to you that you could apply toward your IRS tax debt if you have not filed.
Tax Return Stature of Limitations Example -
For example this is 2007, if your unextended delinquent income tax return for 2003 is fixed this year, you must do so before April 15th, 2007 to receive any refund from the IRS.
After that date, the government legally does not have to pay any refund owed even if it is thousands of dollars. If you mail or the return after the third anniversary date, the IRS will keep your refund check.
Delinquent Tax Penalties & Interest -
If you owe tax from the year's income, you could possibly be subjected to several penalties on the amount due. The failure to file penalty assesses a 5% charge on the amount due each, up to a maximum amount of 25%.
The failure-to-pay penalty equals one-half of 1% of the amount owed per month, maxing out at 25% as well. You will be charged interest on an unpaid balance at the prevailing rate (varies month-to-month).
You may be subjected to a penalty for not paying sufficient estimated taxes. There are several other penalties that may also apply.
If you have not filed and have not heard from the IRS, it is only a matter of time, even if you have not heard from them in years. They will contact you and find a way to collect.
How the IRS will Settle Delinquent Taxes by Force -
If none of these previously mentioned options above are arranged, some of the enforced collections measures the IRS can use, but are not limited to:
- Wage attachments
- Bank Account Levies
- Seizures of property
- Referrals to a private collection agency
- License or permit revocations
- Corporate responsible person assessments
Do not let the IRS scare you into signing an agreement that demands high dollar tax payments that you can not afford. Let a tax professional with years experience working with the IRS help you.
I Dont Pay Taxes
The fact is, you can essentially get information on SEO all over the Internet. But only a few people really show you how to work out an affordable search engine optimization plan. And those few that really inform include this article.
1. Link exchanges
One cheap SEO method that can get you great results is through link exchanges or linking to and from other web sites.
Depending on the websites that you would like to exchange links with, this tool could even cost you no money at all.
Contact the author or owner of the web site you want to have a link exchange with. You will be surprised with the eventual spiking up of your page ranking using this means of getting your website optimized.
Two import points to note: (a) For best results you must be selective. Links to your site are really only useful when they are from sites (with contents) that relate to yours. The closer the match between the two sites' focus the more valuable the link. (b) This can be a time consuming effort. You must be systematic and regularly (daily or weekly) find other suitable sites, putting links to them on your site and then request links fromn them. BUT the resuts are well worth it and it won't be easy for your competitors to quickly displace you in the seach engine rankings etc.
2. Write or acquire key word rich articles
Writing truly informative and keyword-rich articles is one surefire way to make your Internet business more visible than ever. It's either you write your own articles or you get them from article directories that allow you to post these articles on your website as long as you keep the resource box or the author's byline in tact. Just don't stuff your articles with keywords that even idiots would get bored of reading them. The readability and freshness of your articles will still be the basis of whether your readers keep on coming back to your website or not.
3. Great Domain Name
There is no better way to make your target visitors remember your website than with a very easy-to-recall domain name!
Something sweet and short will prove to be extremely valuable. Registering your domain name is not for free. But creativity is. SInce the web is maturing fast, it is no longer easy to find a short and memorable domain name. Most have been registered and short of buying them at huge cost, there is nothing you can do about that. However, all is not lost.
You can stick together memorable words or phrases and separate them with hyphens, like: www.my-whatever-store.com
I made that up, but you get the picture. Note that using the hyphensis great because search engine programs (robots) can understand the individual words and therefore will give you better ranking becuase they see that (even) your domain name contains words relevant to your site's content ... naturally you must try to pick words or keywords that are closely related to the theme of your site.
4. Organize your site navigation
Makig it easy to navigate your site is one way to put your visitors at ease with your site. This, in turn, will improve the flow of traffic to your website. Ask friends and colleagues to naviagte your site. Watch how smoothly they go from one page to another and how quickly they find the information they want. Also ask their opinions too. Make some improvements ... no really, even if you think your site is perfect listen to others. Their collective opinion is less biased and more valuable than your own - well you want busniess success, don't you?
Low cost SEO is always evolving like any other approach in information technology. There are many methods that can very well land you in the top ten rankings of Google and other search engines. Some may cost a lot but there are methods that can give you the same results at a low price or you can even do on your own such as those mentioned above.
Good luck, have fun and never, never, never, stop tweaking/testing, and then again tweaking/testing in a repeating cycle. I guarantee you great success if you stick with the cycle.
Both Neil Lemons & Sami Fab are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Neil Lemons has sinced written about articles on various topics from Legal Matters, Dog Care and Payday Loans. Neil Lemons represents Allied Tax Solutions, a 30 year leader in IRS &. Neil Lemons's top article generates over 6600 views. to your Favourites.
Sami Fab has sinced written about articles on various topics from Family Travel, Small Business and Recipes. Dr Sami Fab is the founder of OnDemand Ltd dedicated to creating time-saving solutions for the home based, small and medium sized businesses.
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