 What happens if you missed filing taxes? |
| I did not file taxes for 2006. I plan to file them next year along with my other taxes...Can something bad happen to me? Any experiences? Thank you.... |
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 Would my whiskey purchases qualify as tax deductible business expenses? |
Why was my question deleted the first time?? Whiskey helps me to function at this corporate job from hell, therefore, should qualify as a legitimate write-off, no?
Additional Details
I ... |
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 Received letter saying i owe nat. insurance from two years ago? |
| Says I owe them £250 for over the corse of 33 weeks. During the dates in question I worked only at one place and part time 16 hours and Im pretty sure I paid all my NI weekly. Could this be a ... |
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 Is Saturday classed as a working day in england? |
| e.g. I put some funds onto a debit card yesterday (friday) and was told that the funds would be available the next working day. I wondered if Saturday was generally classed as a working day or ... |
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 Form 1098 who can claim the mortgage interest if 2 people own the home? |
My girfriend and I own a home together. It would be more benifcial to her if she could claim all interest on the 1098. Under what circumstances is this acceptable?
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 My tax preparer has told me that my flight school expenses are NOT tax deductible? |
I'm not expert on this, but the IRS nowadays lets folks write off most education expenses...am I right?
Getting my pilots license took five years and cost more than $15,000 of my own ... |
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 My exhusband and I take turns claiming our two children on our taxes every year, this is my year to claim them |
| Therefore I will be getting the stimulus check for our kids. He says there will be another check sent out next year. Is this true? He wants me to split the $ with him and I don't know if I ... |
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 Do you have to file State taxes if you live in Texas? |
I just moved here and I heard you don't.
Can anyone let me know?
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Thanks, YA'LL!... |
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 I have been traced out through simplymarry.com and asked to pay a fee of Rs. 350USD. Can I trust? |
Additional Details
Actual thing is that one US girl propose me and then she told me that I have been working in AAWPE P in US. You can com here by paying the fee of that organization ... |
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 Is it true that we will have to pay back the stimulus check we go last year? |
| I heard that this year when you file for your taxes they will be taking out the stimulus money from your tax return is this true? And if so will they be taking out the whole amount you received?... |
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 Should we lie on taxes? |
What are the odds if a lie was submitted on a Federal Document FASFA/Income Tax the Government will catch it?Does the government pay more attention to auditing somethings more than others?
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 My company didn't give me a W2, what do I do? |
| I worked for Albertsons for 3 months in 2008 and now it is turned into a Publix (Publix bought them). A few months later, I got another job and I received a w2 from them but not for Albertsons. Am I... |
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 Has anyone taken out a christmas loan with hr block and filed there taxes with Jackson hewitt? If so, did ? |
| Jackson hewitt aprove you for the RAL or did the deny you and send the amount owed to HR Block? It is not 2 loans and I did not file my taxes twice. Hr block gave me a loan based on my takes and J... |
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nyzamfam | How long do you have to save tax records.? |
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Mathew
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You are subject to a general IRS audit for three years back from the current tax year. In 2006 you will need all your 2005,2004,2003 records if audited. If you are “suspected” of tax fraud you are subject to audit forever. You are required by most states to keep "business records” for 7 years. If you had any Schedule C activity your tax returns are for sure a business record. Retaining your W-2 forms to confirm your Social Security Benefits when you begin to collect is always advisable. There are other legal matters that can arise that it would be to your advantage to produce your tax records. I currently have a situation involving thousands of dollars, which will require 15-year-old tax records, be produced to make a legal point. That case has nothing to do with the IRS but those records are the best evidence available (who would ever lie to the IRS) to prove a given issue. The best answer is to keep income tax records until three years after you are dead because of estate taxes and all of the other legal matters in which they can be helpful. I would take a deduction for the cost of the file cabinet necessary to do so if you only use it for tax records. |
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lizzit
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Another vote for "forever". My father passed away in the 1990's; this year, my mother lost her ability to handle her finances. She doesn't remember which of her kids are alive or dead, let alone what she paid for something umpteen years ago.
Luckily, we have tax returns and purchase documents for stocks, fine artwork, and house and renovations, so that we can compute the capital gains tax on the things we sell. Tucked away in the files were the estate returns of not just my father, but also several aunties and grandparents, enabling us to have the value on the date of inheritance for lots of big-ticket items.
Invest in a big filing cabinet. |
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jessiekatsopolous
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Take 'em with you to your grave! |
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cookiesmom
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seven years |
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kna0831
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I was always thinking it was 7 to 10 years |
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RamsGod
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In all actuality the IRS can audit you past the 3 back-year mark. The 3 year rule only applies to your statute to be able to amend a return, and claim a refund. Otherwise, if you did not pay your taxes in 1992, the IRS can get you for it. I have learned this after spending countless hours on the phone with the IRS trying to help new clients in my Tax office resolve past issues... Keep your general individual tax records 7-10 years, business tax records, well, just keep them... |
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Amadeus
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Copies of tax returns and original back-up documentation for 7 years. File each year's documents in a box labeled by the year.
Don't keep: Documents past the 7 year limit, unless an adviser suggests you hang on to it for longer. Remember to shred any sensitive documents when you do get rid it of it. |
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TressesAbroad
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Forever! That is how long they keep the records. It is always best to have backup just in case. Keep them underlock and key and NEVER toss them! |
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zamfic1
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3-10 years |
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STEVEN F
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It depends on the type of records. The minimum is 3 years. That is how long the IRS has to audit your return without alleging fraud. Some records should be retained forever. The link below is the IRS recommendations. |
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