Please save the lectures, I've heard them enough. It's a long story as to why/how it didn't get done, but I need to know how to fix this hole I've put myself in. I'm sure the state would've been paying me a little bit so what do I do? File each year seperatly now or do I need to call someone in particular since the 2004 taxes are so old especially? Thanks for the help..
2006-06-06 07:52:59 · 6 answers · asked by Swaygirl27 4 in Business & Finance ➔ Taxes ➔ United States
Some of your answers posted are incorrect.
Most states work off a system similar to the Federal/IRS system.
This means you have three years from April 15 of the year following the year you are reporting.
For example, you have until April 15, 2008 to file a return for tax year 2004 (originally due on April 15, 2005). Since most states share electronic information with the IRS, if you are in good standing with them, the state will notify you by letter of any amount due.
If they owe -you- money, they will -not- notify you. You only have three years to claim an amount owed to you.
State penalties for tax avoidance are in most cases much less than Federal penalties.
Most employers automatically withhold the proper amount (within a few dollars) of your state taxes owed. If you had federal taxes withheld from your check and filed a federal return, you should really not worry about it at all.
If you are self-employed, or had employees working for your business, it is a whole other story. You should then consider hiring a tax expert or attorney as in these cases the possibility of severe fines and penalties can be real.
Otherwise, don't worry about the state issue unless they contact you.
I hope this has been helpful.
2006-06-06 08:06:42 · answer #1 · answered by David O 1 · 7⤊ 3⤋
I'd get some legal advice pdq if I were you. I live in the UK but I have family that live in the US. I know how hard they can come down on you for not filing by a certain date. Same thing happens here when you are self employed. Wish you well, guess we all have to learn from experience, so not gonna lecture you.. Good luck hope you can straighten out the mess.
2006-06-06 15:00:27 · answer #2 · answered by lollipoppett2005 6 · 0⤊ 0⤋
You are only required to file taxes on time if you owe money. If they owe you money, the state is happy to keep your money for as long as you want to let them hold onto it.
If you are getting money back, you can file any time. There won't be a penalty -- just a check.
2006-06-06 14:56:46 · answer #3 · answered by Ranto 7 · 0⤊ 0⤋
You really need to contact a tax lawyer. You'll be facing jail time and/or serious fines, and a good lawyer can at least help work out some kind of settlement and payment plan.
2006-06-06 14:56:23 · answer #4 · answered by frozengrocer 3 · 0⤊ 0⤋
Go to firstgov.gov then go to your state. Download ammended returns for both years. As long as they owe you money there is no problem. Better not owe them though cause that's heavey penalties more than the Feds.
2006-06-06 14:58:31 · answer #5 · answered by Irish 7 · 0⤊ 0⤋
"'m sure the state would've been paying me a little bit so what do I do"
First off the state is in no way payig you.
2006-06-06 15:14:43 · answer #6 · answered by $lick|Nick 2 · 0⤊ 0⤋