Unfiled Tax Returns Help – IRS Resolution Strategies for Real Estate Investors (2025)

Step 1: Don’t Panic — But Don’t Delay

The IRS only gets scarier the longer you wait. The sooner you act, the more control you have.

Step 2: Pull IRS Transcripts

Wage & income transcripts show every W-2, 1099, and K-1 tied to your SSN.
We rebuild returns from these — even if your records are gone.

Step 3: File Strategically

Sometimes you shouldn’t file everything at once. Pairing selective filing with penalty abatement or Offer in Compromise often yields a better outcome.

Step 4: Negotiate Penalties

CPA-led representation can often eliminate penalties entirely through reasonable cause or first-time abatement.

Step 5: Build a Forward Plan

Once you’re caught up, set a system: bookkeeping cleanup, quarterly estimates, and tax planning to prevent future issues.

Case Study

A client with four unfiled years and $230K in assessed tax debt settled for $28K — and recovered $42K in missed deductions.

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About the Author:
Frank Alcini, CPA, leads Strategic Planning Advisors’ IRS resolution team, helping clients eliminate tax debt, restore compliance, and build a proactive plan for the future.