Everything You Need to Know to Catch Up, Avoid Penalties, and Move Forward
Introduction
Unfiled tax returns can feel overwhelming—but they don’t have to be permanent. In this guide, we’ll walk you through how Marc Albaum CPA helps individuals file years of past due taxes and get back in good standing with the IRS.
Why People Fall Behind on Taxes
Unexpected life events (e.g. illness, loss of income)
Lack of understanding about filing requirements
Business failures or independent contractor confusion
Fear of owing and inability to pay
What Happens When You Don’t File
IRS substitute returns (SFRs)
Accrued interest and penalties
Wage garnishments or bank levies
Loss of refunds after 3 years
How Marc Albaum Helps
Marc personally handles every step of the filing and resolution process:
Retrieves IRS transcripts
Prepares accurate, late returns
Negotiates payment plans or hardship status
Prevents enforced collections wherever possible
What to Expect in the Process
Free consultation with Marc
Tax history review and documentation gathering
Return preparation & filing
IRS response and payment plan setup (if applicable)
FAQs
How long does it take?
Can I apply more than once?
Will it stop collections?
Final Word
The Offer in Compromise isn’t a “magic fix”—but with a trusted CPA like Marc, it can be a life-changing solution for the right person.