2006-07-02 03:42:33 · 16 answers · asked by al g 1 in Business & Finance ➔ Taxes ➔ United States
You might not be in "big trouble." In fact, it is possible you have refunds. You have three years to claim a tax refund, but you should file returns for all years even if you aren't going to get the refund. You should consult a tax professional who is experienced in preparing late returns, and have that professional be your liasion with the IRS. In my experience, filing all missing returns often eliminates most tax problems. For more information, see my article below on filing back taxes.
Wishing you the best,
William
2006-07-02 11:38:00 · answer #1 · answered by wperezsf 2 · 0⤊ 0⤋
Not necessarily. If due a refund she would probably be fine and could collect back refunds from the last three years. If she owed she should make a payment plan. Better late than never. The bummer is that she will probably not be elegible for social security benefits when she gets old and things like that. Tell her file as soon as possible, don't be afraid. You might even find that her income was not enough to be required to have filed. Check it all out by asking the IRS for a copy of her tax account and take that to H&R Block or other tax professional and let them get the taxes filed for her.
2006-07-06 10:55:04 · answer #2 · answered by lade40free 2 · 0⤊ 0⤋
Maybe! If you have refunds coming then you should be okay but if you owe, they will charge penalty and interest. There will probably also be a fee of $100 for failure to file in a timely manner. At this time, if you file 2003, 2004 and 2005 and have a refund coming they will pay a little interest. If you file years prior to 2003 and have a refund, you won't get it. If you owe money they have installment agreements but you can't enter into an installment agreement until you are up to date on all of your returns.
2006-07-02 12:18:59 · answer #3 · answered by sandytax 1 · 0⤊ 0⤋
I recently contacted the Australian Tax Office Tax Evasion line in regards to my ex not doing his return (effects the child maintainance in a big way) & was told that unless they actually lodge a return, it is not considered as tax evasion. Its a stupid thing to have been told so I will be going into the office in the next few days to query further.
The best thing to do would be to call annonomously (cant spell that one!) or go into a branch & enquire.
2006-07-02 10:49:54 · answer #4 · answered by Mrs D 6 · 0⤊ 0⤋
well how bout i tell you what i do know. i do know that as long as you do not owe you have up to 5 years to file. then you can file all 5 years at one time and get back a large return. but i'm not really sure about never filing. i dont know what happens after 5 years.
2006-07-02 10:47:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋
please listen to william - a lot of the other people have no clue, not everyone is an expert on everything and I thought that was the point of this - we shouldn't just be answering questions for the fun of it, if you don't know, don't answer! It doesn't help anyone to just give an opinion on something you don't actually know about.
2006-07-03 00:26:01 · answer #6 · answered by dogma4 3 · 0⤊ 0⤋
Yes.
$25,000.00 fine for every year. (Plus the taxes plus the interest)
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2006-07-04 04:15:52 · answer #7 · answered by Anonymous · 0⤊ 0⤋
It really depends on whether she was required to file or not (income level, source of income, etc)
2006-07-08 00:57:57 · answer #8 · answered by besttaxexpert 2 · 0⤊ 0⤋
Correct. If they find out they will fine you and make you pay penalties and interest. You don't want to screw with the IRS. They can make your life unpleasant.
2006-07-02 10:48:00 · answer #9 · answered by bsnana 3 · 0⤊ 0⤋
If someone reports you. Then big trouble.
2006-07-02 14:37:22 · answer #10 · answered by trcp 2 · 0⤊ 0⤋