Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 Is it legal for our accountant to hold our w2 forms without having done anything with it?
it has been over a month and a half since my husband and i have sat down with our accountant in order to go over and gather all documents that are needed to file our taxes. my husband called him on ...


 Should I do my tax separately from my daughters and wife? Will it be any difference if we all do it together?
...


 Can I use my tax mileage to and from work to gain a bigger tax return next year?
...


 Do you have to file taxes if you are underage yet still make income?
Would you have to file income taxes or property taxes if you make money from blogging?
Additional Details
And are underage (under 18)...


 Divorcing and trying to decide to file jointly or separately?
I am in the process of getting a divorce. I am a stay at home mom with no outside income. If I file as "married filing separately" will I get any income tax refund. It seems to me that I ...


 Is the minimum wage requirement effective before or after taxes are taken out?
...


 Why start filling in a tax return this year if there is no tax to pay ?
I recently started renting a property out and the income does not cover my personal allowance and I have no other income. I have never filled in a tax return before and would have to pay an ...


 I recieved life insurance from my dad's death do I have to pay taxes on this?
...


 When someone gives you money (gift), do you have to pay tax?
when someone gives you money or help you out with your bills, do you have tax?...


 Can I claim my deceased son on my taxes?
My wife and I lost our son due to a placental abrupt-ion last august. She was 33 weeks pregnant. My son was delivered through emergency c-section but only manged to sustain a heartbeat for 30 minutes....


 If you file your taxes early, like right now, do you get your refund sooner?
Rather than after April 15th?...


 What is my filing status when I have income but my hasband no income and he is my son's dependent?
...


 How long does it usually take to get your tax refund?
If I filed my taxes at the beginning of febuary, how long does it take for me to get my tax refund?...


 Do I have to pay American tax?
I am going on a (pleasure) holiday to America again some time soon and was wondering whether I have to pay tax on things i purchase there (i.e. DVDs).

i recall an American woman buying a t....


 How do the rich people avoid paying taxes, in general ? What about business taxes ? ?
...


 Can they garnish our taxes if?
We recently got a letter that they where garnishing 25% of my husbands checks and we were wondering since they are already taking money from his checks can they take money from our tax return also? <...


 Hello can you help me add tax to my avon products?
hello i sell avon and i need to add tax to the total amount of the products... our tax here is 8.25%...


 If I owe about 1300 due to an error on my 2007 federal return what will happen if I file my taxes at HR block?
will HR block or any other tax preparer already have on file that I owe this amount of money, I just got the notice in the mail and I would rather just make a payment arraignment to pay off what I ...


 I filed my taxes at H&R block and they forgot to filed unemployment now I need to pay them back $1000?
...


 Can I claim valley girl clothing and supre clothing as a tax decuction?
I wear there cloths for work we don't have a set uniform for the office and I was just wondering if it can be classified as a tax deduction....



dead on
I havent filed federal taxes in 7 years how can i get help to fix this?
                     
 




Bill F
Get to filing. You could continue not filing, and perhaps not get caught, but once you file, without acknowledging your mistake, the IRS will catch it, and come after you. It is best to go to them before they can come to you.


v b
Rating
If you were a wage-slave, just a W-2, single and no dependents, then start with the last 3 years. You can only get refunds for 2005, 2006 and 2007.

If you were anything else, then file 2002, 2003 and 2004. While you won't get refunds, you would establish that you don't owe.


chatsplas
Rating
START filing. Do last three years first, because you can't get refunds due you if you file more than 3 years late. BUT that doesn not mean you have to only do last 3 years. If you had more than $400 self employment or $8000 earned income (W-2 wages), you were likely required to file and still need to do so. Get your W-2s, you can get copies from employers, get transcripts from IRS, and get filed. The IRS has forms and public libraries usually do too. You need to file the form for the appropriate year, not just fill in 2007 forms for all of them. There are online sources where you can get past year returns also, and Jackson Hewitt and Block can do it too, for a fee. J-H may take the fees for all 3 from refund for current year, if refund is large enough.

You'll feel so much better when you've done this!!!


wartz
Rating
You can file returns on your own of have them professionally prepared. IRS has a policy of demanding filing of six years worth of back returns. That will be enough. If you have refunds due, you can only collect for the years 2005 and later.


John Scott
Call the IRS Monday. They can determine if you need to file or not by asking for your filing status and number of exemptions. They will look at 2002 through 2007. If it turns out that refunds are due, they will document your account and advise you of the statute of limitations for claiming a refund. As has been noted, you only have three years to claim a refund. So, for example, if they determine you would have received a refund for 2002, 2003, or 2004, there would be no point in filing and the IRS wouldn't demand that you do so. If you would owe for any of the years they will request that you file and give you a deadline. They can send you income documents and forms if you need them. Even if the IRS determines that you might owe, it's possible that you won't if you can itemize deductions or claim the earned income or child tax credits. Their determination is based solely on the standard deduction and the number of exemptions.


Byrne H
I've put together a handy guide for people in your situation. Basically, the comments below are correct: you'll have to slog through all those past filings. The good news: people who don't file are, on average, more likely to be owed a refund -- so the faster you do it, the faster you'll get your money back.


Ed K
Rating
Dear Dead: I know of no limit as to how many years they can go back in the delinquent filing of tax. There is, however, a 3-year period where, if they owe YOU money, they won't go back any further than that.
Your best bet IMO....is to run to the nearest IRS office and tell them your situation. Be up-front with them because they can read people like a book (special training they go through?). It won't happen overnight, but let them know you're willing to work with them to get this straightened out. Whatever you do, don't give them a dumb excuse!
Once you've filed all of your returns, the IRS can tell you how much tax you owe, and the exact amount of penalties and interest. At that point, you can set up a payment plan with them or discuss an offer of compromise with the IRS. it never hurts to ask!
Hope this helps....


bud68
Start filing. You can only go back three years.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.004
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy