If you haven’t filed business taxes, the IRS can charge expensive penalties and even file a return for the business without any credits or deductions in your favor (called a substitute for return). That can mean stiff consequences and increasing complications. The IRS keeps a record of businesses that are required to file but don’t – and the IRS can pursue those returns. Most businesses are required to file a tax return every year. What you need to know about business back taxes You can get expert help filing business back tax returns with the IRS. You should take special care when preparing and filing late returns, because the IRS gives them extra scrutiny.If your business doesn’t file, the IRS can file a return for you - with taxes and penalties.Not filing a required return is a serious issue with the IRS.
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