 If property values do take a nose dive in the UK (40% is predicted) will council tax banding be re-assesed? |
| As we see on the news the sub prime market in the USA has been hit hard with property values dipping by up to 70% as financial institutions try desperately to unload negative equity - how would this ... |
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 How avoid son having to pay whopping inheritance taxes on real estate? |
| When we bought our home I put my son's name on the deed to avoid his having to pay whopping inheritance taxes. In the event of my inevitable demise, he is already on title and just assumes full ... |
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 Tax rebate really a rebate or truely a loan??? |
| Correct me if I'm wrong, but based on the 2001(?) rebate, won't this new rebate being worked on actually lower your tax refund in april 2009? I seem to remember that I was supposed to get ... |
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 OK. I typed in the wrong $ amount for my question. If I make $1325.00? |
| I bring in $1325.00 a month in cash for helping to care for someone. How much should I set aside for Federal and State taxes? South Carolina is my state. Sorry about the previous amount mistake! I ... |
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 Is there anybody that can help me with my irs problem ? |
| I CANT AFFORD TO PAY THE IRS....AND I DONT HAVE ANYTHING THEY CAN TAKE.......IS THERE ANYBODY THAT CAN HELP ME??????... |
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 Does this person have to pay taxes? |
| Does a person, who I loaned money to, and for more than a year he has not returned it, even though I have a court order granting me my money, have to pay taxes for that money to the IRS?... |
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 How much do i need to earn befor i pay tax on my wages my other half pays tax my code is 522l code |
| My boyfriend works and pays tax through his wage,s we have two children i work 16 hrs a week and my tax code is 522l should i be paying ... |
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 How do I file taxes if my parents pay for my rent? |
| I have a kid and I make very little money. My mom pays for my rent (though she lives somewhere else). If I'm filing as an independent this year, do I include money from my mom as income? If I ... |
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 Living in Oklahoma will I be taxed by Ok for all the $ I make in another state that has no state tax? |
| I will be moving to Texas in the next 3 weeks to go work, don't know how long I will be there. Will I have to pay Oklahoma on the money I make in Texas since Oklahoma has state tax and Texas ... |
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 Can I claim head of household on my taxes? |
Currently I'm not married and have no children. I dont claim myself during the year. So how do I claim myself at the end of the year?
This government is screwed up. I know people in ... |
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 IRS Question? |
| I recently received a letter from IRS indicating I never filed one of my W2 from a previous job in 2005.Honestly, I never received the W2. So I called the company.(no longer works there) and the sent ... |
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| How do I know if i am claimed as a dependant? |
One of the questions on the college application is: Are you claimed as a dependent or are you eligible to be claimed as a dependent by a parent or court-appointed legal guardian?
I'm ... |
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 Just got married. Forgot to update W-2 to married status. How should I file tax? |
| I got married in June 2006, but forgot to update my W-2 to married status. I would prefer to file jointly but not sure if having to forget to update the W-2 matters.... |
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Jeremy | What should I do if I haven't filed income tax in 3 years? |
Is it possible to file taxes for the years I missed? Could I request W-2's for previous years? What are the consequences for my actions? |
 |
 
TaxMan
|
You can and must file an overdue tax return for any year in which you owe tax to the IRS. However, if you are getting a refund, you only have 3 years from the original filing date to file the return AND get the refund. If you wait more than 3 years after the filing date, you can still file, but the IRS won't pay you a dime. So, it is already too late to get a refund from 2002, but you have until April 15th 2007 to file 2003's return and until April 15th 2008 to file 2004's etc. You can request W-2s from your old employers, but that doesn't always work. It is probably best to go to the IRS directly and ask them for all the information they have on you for those years. Your employers sent the IRS a copy of the same W-2s they sent you each year. Click the link in Mathew's well written response.
Remember, the IRS can always go after you for taxes you owed in years in which you didn't file, but they won't give you a refund if you don't file within 3 years. Good luck!
One more happy thing, if they owe you money (refund), they will pay you interest for the time they held your money. Cool, huh? However if you owe them, there will be penalties as well as interest you owe them. You have to claim the interest they pay you on your next year's tax return, but you can't write off the interest you pay them. Totally unfair! One more thing, the form is NOT a 1040X as the first responder mentioned. The 1040X is when you have already submitted a tax return and need to make changes or "amendments".
Hope this helps :) |
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Misty K
 |
Your best bet to make sure that you are completely covered legally would be to call yourself a tax attorney and pay him to get the headache of dealing with all the jargon and paperwork and all that crap. My husband thought it would be cheaper to do it ourselves and we still haven't resolved it. They deal with it everyday and will know all the deductions that you may not think about!! Believe me save yourself the headache and get a tax attorney. |
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Mathew
 |
You may still file returns for any years that you have missed. It will be necessary to reconstruct your income and deductions for those years which may be difficult. In some cases you can request information from the IRS as to what has been reported as income and make that a starting point. The one thing that I have found is that some people get money back from those prior year returns because they were not aware of credits and deductions that would have applied. I would strongly suggest that you contact a tax professional as you find that they may just save you more than they charge. The following link will give you the form necessary to get a transcript of all W-2s and 1099 forms filed with the IRS with you Social Security Number (and that of your spouse if necessary)
http://www.irs.gov/pub/irs-pdf/f4506t.pdf |
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Dee
 |
You an still file. You should request W-2's from your employers, but you can request them from the IRS. You may owe, or you may be due refunds. If you owe you pay (plus interest & penalty), if you get refunds (+ intererst) you celebrate. |
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stevesandifer
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Do NOT file a 1040X- you aren't amending anything-
reconstruct the tax years and file them fresh. |
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pdudenhefer
 |
you can file 1040x for each year missed. you can also get w2s from your employer or contact irs-they have copies.
consequences for not filing- the irs will attach everything you own and auction it off. if they feel you did not file on purpose you will also do time. |
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mei-lin
 |
get a lawyer. |
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skeptic
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RUN before it's too late! |
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