i signed all papers but noticed they are requesting from the irs my returns from 2004 and 2005. if i do them now will this help or not?
2006-11-17 13:24:07 · 3 answers · asked by CHRIS O 1 in Business & Finance ➔ Taxes ➔ United States
If you have closed on the loan, you are done. If they are asking for tax returns that they have not received, I seriously doubt you have actually closed. In any case, file returns now. If you are due a refund, you are still within the 3 year window to claim the refund. If you owe the IRS, penalties and interest continue to accrue until you pay. The 3 year window for assessing tax does not start until you file. If you never file, the IRS can come after you forever even without alleging fraud.
2006-11-17 13:35:44 · answer #1 · answered by STEVEN F 7 · 1⤊ 0⤋
from the year 2004 you are left with a 3 years period to make return filed by way of amendment,paying penalty,unless some state government announce some time amnesty to extend the limit of late filing.It's impossible that you are not filing the tax return.what about your mortgage ?
2006-11-17 21:29:04 · answer #2 · answered by precede2005 5 · 0⤊ 2⤋
You should do them now. I've had similar things happen where I was late on my returns. They'll call and call until they get them. You can do them for both years in less than an hour on efile.com.
I hope that helps!
2006-11-17 21:28:43 · answer #3 · answered by Ryan B 2 · 2⤊ 1⤋