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 My son is 17 and made $3100.00 last year does he need to pay taxes? He received a 1099?
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 How much cash can I receive from a family member without being taxed by the IRS?
It's actually a large lone so I can pay off my bills, I will have to pay it back, but how do I put all this money in my acct. without the IRS snooping arould?...


 How do I report someone to the IRS for not paying taxes?

Additional Details
ok all you asses my landlord has not been reporting us as income for the last 4 years that means no property tax rebate for my low income family and in the past 4 ...


 Who is better to do your Taxes with???
...*SOMEONE YOU KNOW OR A TAX AGENCY?
*H&R BLOCK OR THE NEIGHBOR DOWN THE BLOCK??? I WANT TO GET THE MOST OF MY TAXES. WHAT DO YOU GUYS THINK AND WHY?...


 What I have to do for claiming my lottery money?What details i have to subbmit.?
...


 I just started up a company this past September, do I have to pay taxes if I haven't paid anyone?
For now, my partner and I have been despoiting money into our business account because we have just been getting everything situated and have not recieved any money for any services yet because we ...


 Proposed road charges,road tax,mot ,insurance ,council tax,parking fees do you think its fair?
We are being overcharged on eveything.Thats my view....


 College student claimed as dependent... stimulus for parents?
I can't find the answer I'm looking for directly so I figured I'd ask. Here's the situation: I'm 22 and a full-time college student (living with parents). They were told to ...


 What is "paid under the table mean." I was told that they would pay me "under the table" until I made $600..
and then I'm guessing I'd have to fill out a W4...


 A friend In uk recieving incapacity benefit and Housing benefit?
I want to gift money How much can be gifted before it affects benefit....


 Has anyone recieved a paper stimulus check yet?
...


 Can he claim me on taxes?
im 19 and my boyfriend is 26 someone told me that because i only worked 3 monthes out of the year that he could claim me is this true since we live together ?...


 When will my Stimlus income tax rebate check be direct deposited into my account?
...


 Who in India recieves the top salary ?
which Indian get high salary......


 Stimulus!!!?
I heard that everyone who has direct deposit, would all be getting there check by Friday, the 2nd.

Is this true?
I'm not sure because last I checked, I was in the middle section. ...


 Should I claim "0, 1 or 2" on my W4 form?
If using the formula that's on the paper I'm supposed to claim "2"- 1 for being single +1 for being the sole provider.

I then heard I should claim 0 which takes more ...


 Ok so this is more of a rant on our economy but i would love some of youre input and opinions!!?
ome and my hubby have a 1 year old and a two year old i am a professional dog groomer and he is roofer he makes 400 dollars a week which is not cutting it and who can afford to work and put their ...


 If I have 2950 i need to add 10% what do i get?
I'm working and I haven't worked with percentage in a long ...


 Can married people file tax returns as single?
I got married last year and we both are working. But earlier both of us mentioned as single in our W-4s. So my questions are:
1. Can we file as single now?
2. Will there be any prolblems ...


 What is the latest date a company can send out your w-2 form?
I'm still waiting for my w-2, and I still haven't gotten it yet. Does anyone know the latest date they send it out? Isn't there some law that they have to send it out by a certain ...



RAVI
Can i file my I.T returns now for the period of last three financial years?
                     
 




ulagam
Yes. You may, after paying penalty for late filing.


dhiraj
Rating
yes, you can file ur return for any noumber of financial yrs in current yr.
our income tax department is so good.
just they want tax nothing else.

but i want to give a advice.....
if you are filling return for finance purpose they will not be valid
as yous files will be showing that you have filed return on same date. and any finance department or bank will reject ur application for loan.


Shreya S
Rating
Where the assessee has defaulted in timely furnishing of his return of income or where he has to pay advance tax, then penal interest is chargeable for Non/Late filing of return or Non-payment/short payment/deferment in payment of such advance tax.

INTEREST U/8. 234-A FOR LATE OR NON-FURNISHING OF INCOME TAX RETURN

For defaults in furnishing 'Return of income': Simple interest @ 1.25% for every month or part of a month from the due date of filing of the return to the date of furnishing of the return. The interest is calculated on the amount of the tax on the total assessed income as determined under sub­section (1) of section 143 or on regular assessment u/s 143(3) as reduced by the Advance Tax, if any, paid and any tax deducted or collected at source.


q4tax
Rating
Answer to your question is NO & YES.

No because the income tax law says that you can file return up to one year from the end of assessment year. Not after that Therefore, up to 31/3/2008 , you can file return for

Asst Yr 2006-07 (FY 2005-06)
Asst Yr 2007-08 (Fy 2006-07)

This sums up to two years. A.O will not accept any return pertaining to Asst Yr 2005-06 (Fy 2004-05) or earlier years.

YES because -------------
-----------------
However, you can apply before Commissioner of Income Tax stating why you could not file the return u/s 119(2)(b) of the I T Act. If he approves, you can file return for even FY 2004-05.


Appu
Yes. u can certainly file IT return for the last three years. If you are a salaried person you should attach Form 16 issued by yr employer together with other investment and other interest receipts. U can approach an auditor, who will do the needful. In case any tax is payable , it should be paid together with interest. No need to worry. In case of company, profit and loss statement to be produced.


C.R. Kumaran
Yes returns can be filed, but with a penalty as determined by the Act.


punch
Rating
yes u can pay provided with all the proper income proof documents and related fees.


Heather C
with some really hefty fines for filing so late on the last few.


simpleshweta
Rating
as per income tax act,a person can file a return within 2 years from the end of relevent assessment year OR before the assessment is complete by the assessing officer WHICHEVER IS EARLIER.i wonder why the officer did not go for the best judgement assessment.anyways,you can file your return but you will have to pay some fine for non filing of return


srinivas
Rating
yes, u can


harish555
Rating
if you want to pay, do you think any denial from any one ?
only what they are going to ask you is to pay penalty with interest.


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