The preparation of back taxes is vital for individuals who have not filed their tax returns on time. This process involves gathering necessary documentation and accurately reporting all income and deductions. At Kalipersad & Co. Inc., led by Shiva Kalipersadsingh, a tax professional can help you understand your obligations and navigate any potential penalties. Properly addressing back taxes can prevent future complications with the IRS, allowing you to regain your financial footing. Timely preparation of back taxes is essential for compliance and peace of mind.