I am 27 years old and have never filed an income tax return. I want to resolve this. What do I do?

Question

I want to have a tax preparer file all the back tax returns since 2000. Can H & R Block do this? Also, I think for the first 4 years I was owed a refund, but I think the last couple years I owe. Do I need to speak with my attorney about this?

Answer 1

you can go back three year, and.....yes, H&R Block can do that for you. just bring all your paperwork and they will take care of it. they may not be able to file electronically for the previous years but that does not matter. no need to speak to your attorney as they are professionals and know what to do.

oh, by the way, H&R Block ARE EXPERTS! no offense to the IRS, but they are more knowledgeable than many in the IRS office!

when you go to one of their satellites, ask to see someone who has been there at least 3 years....ask for the supervisor if you need to!

Answer 2

Bostonian gives the best advice here.

1. There are no penalties for any year in which you were due a refund, although you will lose the refund if it is over three years. This means filing 2003 by April 16th, to protect any refund there. The IRS will probably want earlier years too, just to satisfy themselves you don't owe anything for those years.

2. Sorry Block people, but this really is a job for a CPA or Enrolled Agent. The chances of getting an appointment with a suitably experienced preparer at a tax shop are practically zero (or should be if that preparer is any good). This is not a job for a rookie preparer. I'm an ex-Block employee btw.

Answer 3

The current TurboTax is only good for the current year, so that's not really an option. Do you have all your W-2's and any other tax forms you got, for those years? You'll need that.

You'd be better off talking to a CPA than to H&R Block. If you have all your paperwork, they'll be able to do the returns easily. And you shouldn't need an attorney. You won't get refunds for years before 2003, it's too late. And as of mid-April, you'd lose your 2003 refund also, so get on it soon.

For years when you had a refund coming, there won't be penalties, but if you're right about owing the last two years, there will be penalties for those years. But it won't get better without filing - they'll just keep adding up more the longer you wait.

Good luck.

Answer 4

Yes, you can go to HR Block. This is a common thing...you just need to file prior year returns. It's not tax evasion...it's failure to file. There is no penalty for not filing your return if you are owed a refund. If your employer has withheld taxes, you did not "evade" taxation. You just gave the government an interest free loan for several years. If, after preparing these returns, you find you owed taxes, there will late filing penalties and interest charged up to the date you file the returns. What makes you think you would owe the last couple of years? Has your situation changed. Get to the tax office right away! Take care of this. Good luck!

Answer 5

I would speak to a tax attorney or CPA. This isn't a job for H&R Block or the other storefront tax prep mills.

Any refunds from the past 3 years can be claimed; refunds older than that are lost forever. (There's no penalty for late filing if you are owed a refund, even if you can no longer collect the refund.)

Any years with tax due will attract penalties and interest from the date the tax was due until it's paid. This could be significant now, even if the amount of the tax itself was originally small.

All of the years that you had income above the exempt status amount are still legally open and you should file to close them.

Answer 6

My wife is a CPA and professional tax accountant, so I've heard similar stories numerous times. You absolutely need to visit a qualified tax accountant (H&R Block does NOT qualify for something like this), or speak to your attorney (who, most likely, will give you the same advice).

It doesn't matter whether you were due a refund or owed money in the years when you didn't file. You will still be levied penalties for not filing. You broke the law, whether you knew it or not, and will have to pay some sort of restitution. That's where the tax accountant comes in. He or she will know the tax law backwards and forwards and will know the best approach for you to resolve your situation.

Good luck!

Answer 7

Yes, H&R block can do this for you. And yes, I would consult your attorney before you contact H&R block to do your taxes.
Tax evasion carries a stiff sentence. But a good attorney should
be able to ease the situation and advise you of the best course of action. It's possible he could help arrange restitution instead of
a prison sentence. However, you could break even. If you have been earning about the same income the first four years as the last few, the amount they owed you could level the amount you owe. Again, your attorney would be the best one to advise you!
Good luck.

Answer 8

definite! in case you earn income then you ought to document taxes. You corporation is maximum in all probability withholding (till you at the prompt are not 'on the books) depending on the fashion W4 you filled out. in case you worked all this time and did no longer have money withheld, you're in for a large wonder - as you should owe plenty directly. Being 16 and having those smaller jobs, you probably do no longer make adequate to ought to pay, yet you nonetheless ought to document.

Answer 9

Get a good tax office and they can help get it straightened out because "Esheezie 1 you got some SPLAINING to do." Sorry about the Lucy joke.You'll be okay.

Answer 10

wow, yea go to H&R block and have them deal with the headache haha i know a person who didnt file for years and went to jail for it. So yea, get it done ASAP