We file returns for the previous years income. Can we file returns for the year before that if we missed it?

Question

We file returns for the previous year - this year. Can we file returns for the year previous to that if we missed filing it ?

Answer 1

Yes you can file a return for the previous years.

If you have a tax liability outstanding fot that year you will have to pay it with interest. Further the IT officer is also authorised to impose penalty for delayed filing of the returns.

Prepare all the paperwork carefully. Contact a chartered accountant for further assistance.

Answer 2

maximum tax companies will circulate back so some distance as you may. each each now and then, human beings do no longer document because of the fact they are in another u . s . a . or counsel is lost or in spite of. you may circulate to H&R block or Jackson Hewitt or any tax preparer and tell them how some distance you may circulate back. there are some costs for doing previous returns yet no greater suitable than the only to do the present 12 months ones. in actuality, previous years are often greater maximum low-priced. you may request previous W-2 from the IRS or previous jobs etc. confer with the preparers. maximum have a minimum of one franchise open in each city in the process the 12 months and additionally you may document previous years in the process the 12 months. that's a splash greater stable to locate this month, yet each time after Jan 1st -Apr fifteenth could be less complicated. desire it helped.

Answer 3

Yes. It might be considered an ammended return, and if you owe anything, you will have penalties.

Answer 4

yes

Answer 5

In India? I don't know. In the U.S., yes.

Answer 6

yes, actually you are required to by law.