Thursday, December 10, 2009

Are you a tax expert? Question about a late return?

Do you know how far back you can file your income taxes? I did not owe any money but was due a small refund. I'm not interested in getting the refund, I just want to file the late return.



QUESTION: Do you know if income from 2001 can still be filed?



Are you a tax expert? Question about a late return?performing art center



Definitely can still be filed.



Did you owe tax the year before that? If so, then you ARE late with your filing. Otherwise, you were probably exempt from filing, if you KNOW that you owed nothing in 2000 and 2001.



However, if you were not exempt from filing, you might have to pay penalties, even if you are refund-eligible.



Safest thing to do would be Turbo Tax (you can purchase past years for download) or H %26amp; R Block - just to be sure.



Good luck!



Are you a tax expert? Question about a late return?theatre tickets opera theater



You can file for the years in question - the forms are available online.



http://www.1040.com/



Refunds are forfeited after three years:



http://taxes.about.com/od/backtaxes/qt/s...
If you haven't filed before, you can file a 2001 return. If you don't owe tax, then there shouldn't be a problem.
You can file for 2001, but it's too far back to get the refund.



Forms back to 1990 can be downloaded at irs.gov - from home page go to forms and publications, then to prior years or use this link: http://www.irs.gov/formspubs/article/0,,...
You can go back seven (7) years and claim refunds, if any.



You can file 2001, no problem.

No comments:

Post a Comment

 
spyware removal