2006-10-03 17:57:38 · 9 answers · asked by moemoe 1 in Business & Finance ➔ Taxes ➔ United States
YES!
2006-10-03 17:59:08 · answer #1 · answered by Debbie P 2 · 0⤊ 0⤋
RE: I forgot to record a sort very last twelve months when I cashed out some inventory, now the IRS thinks I owe taxes. What do I do? I cashed out inventory and forgot to record a sort when I did my tax go back pointing out the taxes I paid for the money I were given. Now the IRS thinks I owe them funds. What do I do to ideal this mistake?
2016-12-04 04:54:27 · answer #2 · answered by ? 4 · 0⤊ 0⤋
No! You must file within 3 years of when the return was due or the refund is lost. If you owe they can come after their money forever and collect penalty and interest. The source is found on page 17 of Publication 17 which is linked below.
http://www.irs.gov/pub/irs-pdf/p17.pdf
2006-10-03 18:10:00 · answer #3 · answered by ? 6 · 1⤊ 0⤋
3 year rule is 1999 is due april 15 2000, so april 15 2003 is last time you can file return and get a refund
answer is no
2006-10-04 03:55:28 · answer #4 · answered by Kenshin 5 · 0⤊ 0⤋
Sorry, only up to three years back will the IRS possibly refund you.
2006-10-03 18:01:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
YES..they will even pay you interest for the use of your money since 1999..
2006-10-03 17:59:16 · answer #6 · answered by MeInUSA 5 · 0⤊ 1⤋
No, you can only get a refund for three years back. Sorry.
2006-10-04 10:34:26 · answer #7 · answered by Judy 7 · 0⤊ 0⤋
Yes they will and you will not be penalized, but if you would have owed. That's a different story
2006-10-03 18:00:58 · answer #8 · answered by co1nco2 1 · 0⤊ 1⤋
whoa, you are awful close to the 7 year limit
2006-10-03 18:01:12 · answer #9 · answered by holden 4 · 0⤊ 1⤋