Unfiled Tax Returns: What Happens If You Don’t File With the IRS

Episode Summary: In this episode of *Resilience and Resolve* Lance Drury sheds light on the intricate process of unfiled tax returns and the potential consequences individuals face when neglecting to file. He explains how the IRS handles non-filers, emphasizing the importance of taking proactive steps to avoid escalating tax liabilities. By sharing real-life scenarios and expert insights, Lance provides valuable guidance on navigating IRS challenges effectively. Key Timestamps: 00:00 – Introduction 01:30 – IRS Treatment of Non-Filers 03:45 – Consequences of IRS Preparing Returns for Non-Filers 05:12 – Impact of Failure to File Penalty 07:20 – Filing Compliance and Statute of Limitations 09:45 – Importance of Filing Last Six Years' Returns 11:10 – Risks of Delaying Filing and Fear of Owing Taxes 13:25 – Influence of Unfiled Returns on Payment Plans and Resolutions 15:40 – Steps to Address Unfiled Returns and IRS Settlement Options 18:05 – Final Advice for Those Behind on Filing About the Show: *Resilience and Resolve* with  Lance Drury focuses on empowering individuals and small business owners facing IRS challenges. With over 30 years of experience, Lance Drury offers strategic solutions and expert guidance to regain control over tax issues. Tune in for valuable insights and practical advice to navigate complex tax situations effectively.