If you haven't filed a tax return in a while, you may be wondering what options you have. It is in your best interest to file those back tax returns as soon as possible. You might be surprised to learn that filingback taxes may be the simplest way to get out of your tax problems. You do however need to protect yourself and have a plan.

1. Prepare

Obtain copies and relevant documentation in preparation to complete tax returns. If you don't complete a tax return the IRS will complete a "Substitute Return" which is one tax return for you for all the years you did not pay. If the IRS has already done this then you need supporting documentation to amend their return and you need to let any professional you work with know that the IRS has filed a substitute return already? Their Substitute Return tax return is not recommended because they will have no deductions or credits which will result in you owing more taxes. If you cannot find relevant documentation, it is best to contact the irs to get all of the information you need to file. When you file you need tax documents such as a W2, 1099 as well as other documents supporting any deductions you claim.

2. Filing your past due IRS returns

The question needs to be asked whether to file your IRS back taxes yourself or hire a professional. If you decide to do it yourself be sure to use reliable tax software. You should also plan on spending two to three hours on each tax year. On the other hand, hiring a tax professional may not only help you prepare for filing back taxes but also deal with the IRS for you.

3. Protect your refunds.

You need to know there are strict time limits for statute of refunds, audits and collections. You should also know that if you owe taxes for other years, the refunds may be taken to offset those other debts.

4. Deal with the tax debt that is owed.

You should have a plan for how you will pay off your tax debts. You will also need a plan to protect yourself from IRS assessments, levy, liens and seizures. This will usually require an experienced professional to help you resolve these issues. Your plan could be as simple as setting up a monthly payment plan or writing a check for the full amount. Regardless of your situation, you need a plan, because ignoring the IRS can get you in trouble fast.

5. Plan ahead.

If you found yourself owing in past years, you should do some tax planning for the current year. You should adjust the withholding in your paycheck by completing a new W-4. If you make estimated tax payments they should be adjusted to fulfill your tax liability.