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2007-01-23 09:22:38 · 6 answers · asked by curious 2 in Business & Finance Taxes United States

6 answers

yes you are required by law to file all taxes. as i've said in many answers, i work for my state's government doing taxes, and recently i got a few returns in from as far back as 1986 LOL.

if you owe you will be paying the tax plus penalties and interest. as the person above stated, if you are due a refund in any of those years you will not get that money back. all returns prior to 2003 are considered out of statute. *however* that refund money will automatically be used to pay off any balance dues you have in any other years so it may not be an entire loss.

2007-01-23 10:28:38 · answer #1 · answered by Kismet 7 · 0 0

It was up to him to request a duplicate W-2 from his finance office so that he could file a timely return. He can still do that and file the missing return. Since the IRS claims that he owes money, he should file that return immediately. If he has a refund coming unfortunately it is now lost forever as it is too late to claim a refund for tax year 2001, but at least the debt will go away. The deadline for claiming any refunds from 2001 was April 15, 2005

2016-05-24 01:52:39 · answer #2 · answered by ? 4 · 0 0

You can file a return for any year for which you have not filed. If you were due a refund, you can only claim it for 3 years after the return was originally due. However, the statute of limitations for the IRS assessing tax does not begin until your return is filed, no matter how late it is. You should file, if for no other reason than to start the clock. If you owed money, you still owe with interest and penalties added.

2007-01-23 10:26:06 · answer #3 · answered by STEVEN F 7 · 1 0

You are required to file your tax return for every year, regardless of how long ago it was. If you have a refund coming though, you will not get it if the return is more than 3 yrs old, but if you owe money you will owe the money plus interest and penalty for failure to file/pay your taxes.

2007-01-23 09:49:58 · answer #4 · answered by irongrama 6 · 2 1

Tis a crime not to file.

Tis your wallet that hurts if you owe.

2007-01-23 10:23:01 · answer #5 · answered by WealthBuilder 4 · 1 2

Yes, and you should.


http://www.irs.gov/businesses/small/article/0,,id=122721,00.html

2007-01-23 09:43:19 · answer #6 · answered by Julie 3 · 1 2

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