Grand Prairie Back Taxes and Late Filing

Getting Back on Track

Unfiled returns and unpaid balances happen in every kind of business and household. In Grand Prairie we often see small manufacturers and carriers that fell behind during slow periods and families with years of missing returns. BOMCAS works with Grand Prairie clients remotely to catch up.

Penalty relief and disclosure across Texas are on the Texas back taxes page; below are the catch-up cases we see in Grand Prairie.

Unfiled Personal Returns

To be considered current, the IRS generally expects the last six years of returns. When you do not file, the IRS may prepare a substitute return without your deductions or dependents, usually showing more tax than you owe. Filing your own returns fixes that. Refunds not claimed within three years are lost.

Unpaid Payroll Taxes

Withheld income tax and employees' Social Security and Medicare are held in trust. When a business uses them to pay other bills, the IRS can assess the trust fund recovery penalty against owners and managers personally. Filing all Forms 941, paying current deposits and setting up a payment plan for the balance stops the problem from growing.

Sales Tax Audits

Manufacturers face audits of exemption certificates and taxable supplies bought without tax. Restaurants and markets face audits comparing purchases to reported sales. We prepare records in advance, review the auditor's sample and challenge errors.

Trucking Filings

Carriers with heavy trucks file Form 2290 and pay the federal heavy vehicle use tax each year, and those running interstate file IFTA fuel tax returns. Missed filings can hold up registration renewals. We prepare the missing returns and help bring the company current.

Misclassified Workers

Carriers and contractors who pay workers as contractors when they are really employees may face IRS or TWC assessments. The Voluntary Classification Settlement Program lets qualifying businesses reclassify workers going forward at a reduced cost.

Forfeited Companies

Companies that miss franchise tax reports lose the right to do business in Texas and can be forfeited. Filing missing reports and paying tax and penalties allows reinstatement.

Property Tax Across Four Counties

Owners of property in more than one of Grand Prairie's counties receive separate bills, and missing one is easy. Delinquent property tax accrues penalties and interest, with collection fees added after July. Homeowners can often arrange installment plans, and owners 65 or older or disabled can defer tax on their homestead.

Notices After a Business Closes

Shutting the doors does not close a sales permit, TWC account or legal entity. A former restaurant or carrier may keep receiving estimated bills because the state still expects returns. We check the actual closing date, prepare the final filings and arrange account closure. If assets were sold or vehicles kept personally, the final federal return must account for that too.

Checking the Balance

Before agreeing to pay an assessment, compare it with filed returns, deposits and credits. Payments applied to the wrong quarter can make a payroll account appear delinquent when the tax was paid.

Our Approach

Pull IRS transcripts and state records.
Rebuild income where records are missing.
File missing returns.
Request penalty relief.
Set up payment plans.
Put systems in place to stay current.