Catching Up on Missed Filings
Students who never filed, freelancers who did not report app income and bars behind on mixed beverage returns are common Denton cases. BOMCAS helps Denton clients file what was missed and settle balances remotely.
Penalty relief and disclosure programmes across Texas are on the Texas back taxes page. These are the cases we see in Denton.
Students Who Never Filed
Many students skip filing because their income was low. Some are owed refunds of withholding, which can be claimed only within three years of the due date. Others received taxable scholarships or freelance income and owe tax. Filing the missing years clears the record before applying for jobs, loans or immigration benefits.
International Students on the Wrong Form
Students on F-1 or J-1 visas who are nonresidents should file Form 1040-NR, not Form 1040, and file Form 8843 every year. Those who filed the wrong form may have claimed credits they were not entitled to. Students who had Social Security and Medicare withheld in error can ask the employer for a refund, or claim it from the IRS on Form 843.
Unreported Gig and Music Income
Payment apps and platforms report payments on Form 1099-K and 1099-NEC, and the IRS matches them to returns. Musicians and freelancers who did not report this income may receive notices. Amending with business expenses usually reduces the tax.
Bars and Mixed Beverage Taxes
Bars that fall behind on mixed beverage gross receipts tax or sales tax risk penalties and can have their permits affected. Comptroller audits compare liquor purchases with reported sales. We prepare records and review audit results.
Rental Owners
Owners who did not report rent from student houses, or did not depreciate them, should amend. Depreciation that could have been taken reduces basis even if not claimed, so failing to claim it is costly when the property is sold.
Payroll Taxes Not Paid
Restaurants and venues that miss payroll tax deposits face penalties and, for withheld taxes, personal liability for owners and managers responsible for paying them. Catching up quickly and arranging payments limits the damage.
Fellowship Income Not Reported
Graduate students who received fellowship stipends without a W-2 often assume they are not taxable. When a notice arrives, we review what was used for tuition and fees, prepare amended returns and set up estimated payments for future years.
Forfeited Companies
Bands, studios and small companies that formed LLCs and then ignored franchise tax reports may have been forfeited. We file the missing reports and request reinstatement.
Horse Farm Losses Questioned
When the IRS challenges years of losses from a horse operation, the outcome depends on how the activity was run: records, expertise, time spent, changes made to improve profits and history of income. We assemble the records and prepare the response, and owners can bring in their attorney if the case goes further.
Parents Claiming the Wrong Credits
When a student and a parent both claim the same education credit, the IRS sends notices to both. We work out who was entitled and amend the other return.
Our Steps
- Pull IRS and Comptroller records.
- Gather platform and bank records.
- File missing returns on the right forms.
- Request penalty relief.
- Arrange payments.
- Set up systems to stay current.
Denton Back Taxes and Late Filing Questions
Can I still get a refund from three years ago?
Possibly, if you file within three years of the due date.
I'm an F-1 student and filed Form 1040. What now?
You may need to amend using Form 1040-NR.
Can I get FICA withheld in error back?
Yes, from your employer or on Form 843.
What if I never depreciated my rental?
You can correct it, often with an accounting method change.
Talk to BOMCAS About Back Taxes and Late Filing in Denton
After catching up, bookkeeping, payroll and sales tax returns keep things current, with business and personal returns filed on time. Planning avoids repeats, and cross-border tax handles nonresident forms. You can read the statewide Texas rules on business returns, personal tax, sales tax, bookkeeping, payroll, planning and cross-border tax on our state pages, linked from the Texas overview.
Running a venue off the Square, renting houses near campus or filing as an international student for the first time? Drop BOMCAS a line about it and we will let you know what we would look at first and what a quote would need. You can reach us on the contact page or the form below, by calling 780-667-5250 or by emailing info@bomcas.ca. Each Denton service is linked from the Denton overview. The information here is general and is not advice for your own situation.
