What happens if you don't file taxes for your business

In this three-part video series, you'll learn:

  • What happens when you miss deadlines to file and pay your taxes
  • How the IRS collects unpaid, overdue taxes
  • What your options are if you can't pay your taxes
Oscar and Jill with tax form and video icon

If you've fallen behind on your tax filing and are wondering what will happen, start with the first video in the series. Otherwise, skip ahead to the video topic that is most applicable to you.

Part 1. You missed the tax filing or tax payment deadline

If you're behind on your filing or paying your business taxes, we'll tell you what to expect and how you can move forward.

Part 2. You've been contacted by the IRS

The IRS communicates via a wide array of notices and letters they mail to your business address. If you're behind on your taxes, here's what you might find in your mailbox.

Part 3. You can't afford to pay your owed amount

In our first video, we talked about IRS penalties and interest. In the second, we learned how the IRS collects its debts. Now, we'll explain what you can do to get back in good standing with the IRS.

Book a free consultation with Bench Retro

Our historical bookkeeping specialists will be happy to provide guidance on your current bookkeeping situation and explain whether Bench Retro might be a good fit for your business.

If it is, we’ll do a free month of historical bookkeeping so you can try our services risk-free.

In a hurry? Call us at 1-888-761-3301

See what other small business owners like you have to say

‘‘When you can see your financial records better, you do better. I am grateful for Bench Retro because they didn't make me feel ashamed. Dealing with finances is very sensitive and they have the most professional team that is very present during the process. It's been a game-changer for my business.
Candice Candice Nicole PR
‘‘The Bench Retro team is incredible. Dedicated, easy to work with, precise, thorough and fast. Bench is onto something here and I’m thrilled to count them as a key partner in our business journey!
Doug Wendt Partners

What you get with Bench Retro

Hands-on document collection

From start to finish, you’ll have a dedicated support team to make collecting historical records as simple as possible. With a detailed approach, we’ll ensure all financial elements are discovered and accounted for so you have accurate, tax-ready financials.

Accurate reporting

If you’re several years behind, we know every deduction matters. We’ll flag additional items that need to be tracked so no money is left on the table when you file.

Unlimited communication and support

With a large scope of historical bookkeeping, ongoing communication is the key to success. Your Bench Retro team will work with you on a deadline, and keep you in the loop every step of the way.

How it works

image of the number 1

Start a free trial

Get in touch with our historical bookkeeping specialists so we can learn more about your business. From there, we’ll do one month of your bookkeeping—for free.

Image of the number 2

A financial deep-dive

Once we’ve completed your free trial, our historical bookkeeping specialist will schedule a call to go through the financials with you. You’ll also get a custom quote, and we can discuss payment options to help get you started.

Image of the number 3

Meet your team

Now we get to work! Our onboarding team and your bookkeeper will work in tandem to get your financial documents uploaded and your books reconciled.

Communication is key

Expect your team to reach out for any additional documents, or help with categorization. This helps us maximize deductions and ensures your books are accurate.

Financials ready for anything

Once we've wrapped up your bookkeeping, we'll walk through your year end financial packages together. With accurate financials, you'll be ready to make your next best move.


I’m 7 years behind, can you still help?
How long will it take?
Are there any additional or hidden charges?
What do you need from me?
I have an upcoming deadline. Can you complete my books on time?
Can my tax professional have access to my account?

Simple, straightforward pricing made for small business

On the fence? Try us for free! We’ll do a month of bookkeeping so you can try our services risk-free. Pricing starts at $299/month.

Flexible pricing
The cost of bookkeeping shouldn't be a dealbreaker. That's why we'll work with you to build a custom payment plan that works for you (and your bottom line).

Build your own bookkeeping plan
Inactive business? Months or years of incomplete books? Close old books once and for all without the hefty price tag—you’ll never be charged with additional fees or hourly rates.

More Helpful Resources

Prefer to read a written version of this series?

Review at your own pace, and compile questions ahead of deciding on your next steps.

→ Read the guide.

The IRS Fresh Start Program

This program allows small business owners to clear their tax liabilities and pay down their debt while avoiding more severe consequences.

→ Read more here.

IRS Receipts Requirements

As a business owner, you need to keep a document trail for tax purposes. But what exactly do you need to keep? Find out in our guide.

→ Read more here.