2007-01-29 17:32:14 · 8 answers · asked by justine30 1 in Business & Finance ➔ Taxes ➔ United States
You do NOT want to fall behind filing your tax returns.
File your 2005 return ASAP and get it done...otherwise the IRS will be relentless in trying to collect from you and they will add higher penalties the longer you go.
Trust me.
2007-01-29 17:44:01 · answer #1 · answered by GeneL 7 · 0⤊ 2⤋
Yes.
If you have a refund due there will be NO penalty for late filing if for no other reason than any penalties are based upon the unpaid tax and if you're getting a refund there is no unpaid tax.
If you have a balance due, there WILL be a penalty due as well as interest from the due date of the return.
Any tax year that you have not filed a return for is still considered "open". There is no statute of limitations on an open tax year and the IRS can go back to ANY open year and assess taxes due from that year. There is no "5 year rule" as one other poster stated.
2007-01-30 05:22:39 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Yes you can, and are required to. You can download the 2005 forms at irs.gov.
If you owe taxes for 2005, you'll pay interest and penalties. If you have a refund coming, you'll get it, and there won't be a late-filing penalty.
2007-01-30 02:00:36 · answer #3 · answered by Judy 7 · 2⤊ 0⤋
Yes you can file a 1040x which is an amended tax return or file the regular 1040EZ, 1040A or 1040 for that particular tax year. If you owe taxes you might get penalized but usually people don't owe, they pay too much in through paycheck withholdings so you might get a refund. You should always file a return.
2007-01-30 01:44:29 · answer #4 · answered by Brad S 2 · 0⤊ 1⤋
Yes you can you file up to 5 years past. you will not get interest if you are recieving , but might have to pay interest if you owe . but do your taxes it cost very little to do now . that to be in a lot trouble later if you do not do them
2007-01-30 01:39:29 · answer #5 · answered by ? 1 · 0⤊ 2⤋
Oh yeah, you can. You'll have a nice little penalty. Check the site below and follow the links that apply.
2007-01-30 01:42:11 · answer #6 · answered by JJ 3 · 0⤊ 3⤋
Yes, you'll just have to pay a late penalty.
2007-01-30 01:39:26 · answer #7 · answered by Anonymous · 0⤊ 3⤋
Yes you can. If they owe you money, no problem. If you owe them money, big problem.
2007-01-30 03:18:15 · answer #8 · answered by starflower 5 · 0⤊ 1⤋