I recived a notice of Deficiency for my tax return of 2005. so I owe $5,000. Im signing a deficiency waiver, I will be making monthly payments. but will I still be able to receive a return for 2006?
2007-01-03 12:30:17 · 3 answers · asked by joanne 2 in Business & Finance ➔ Taxes ➔ United States
read your deficiency waiver carefully, it probably says that any refunds you are entitled to will be withheld as payment.
2007-01-03 12:38:11 · answer #1 · answered by Eddie C 2 · 1⤊ 0⤋
Would you give someone money if they owed you money from another transaction?
Any refund from 2006 will be applied to the outstanding balance.
Look at the bright side, you will be making a lot fewer payments.
2007-01-03 14:21:49 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋
Yes you can amend a tax return back three years
2007-01-03 12:38:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋