Unfiled Tax Returns: How a Tax Lawyer Can Help You Comply
Tax season can be stressful, but what happens if you miss the deadline for filing your Canadian taxes?
The thought of unfiled tax returns can be nerve-wracking, especially if you’re worried about penalties, interest, or even legal action. However, if you’ve missed the deadline, don’t panic—you’re not the first to make this mistake, and you won’t be the last.
Taxpayers across Canada find themselves in similar situations, and there are ways to navigate the complexities of the Canada Revenue Agency (CRA). A tax lawyer can be your lifeline, providing critical legal support to help you get back on track and avoid severe consequences.
Consequences of Unfiled Tax Returns
Failing to file your tax returns on time doesn’t go unnoticed by the CRA. In some cases, the agency may issue an arbitrary tax assessment. This means the CRA estimates what you owe based on available data—often using third-party information or previous filings. However, these assessments rarely account for the deductions or credits you may be entitled to, leading to a much higher tax bill than what you actually owe.
Why You Need a Tax Lawyer
If you have received a CRA assessment and your tax returns remain unfiled, a tax lawyer can help resolve the issue. With legal representation, you can better understand your rights, navigate CRA communications, and identify the best path forward.
A tax lawyer can also help challenge an arbitrary tax assessment. If the CRA’s estimate is too high, you have the right to dispute it by filing a Notice of Objection. This process is complex and involves extensive paperwork and strict deadlines. A tax lawyer will assist in preparing the necessary documentation, ensuring that your actual income and deductions are properly considered.
Complying with CRA Requirements
Even if you’re disputing an assessment, you must still file your tax returns. This is where a tax lawyer can be invaluable, ensuring your returns are filed accurately and on time. Properly filed returns can help reduce penalties and interest, and if you’re facing potential prosecution, professional guidance is crucial.
Contact Experienced Tax Lawyers Now!
Facing unfiled tax returns or an arbitrary tax assessment doesn’t have to be overwhelming. At Taxpayer Law, our tax lawyers are here to support you through every step of the process, helping you resolve your tax issues with confidence.
If you need legal support or simply want to avoid dealing with the Tax Court of Canada on your own, contact us today! Our experienced team is ready to help you stay compliant and avoid the worst-case scenarios.