can you file an old return?

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can you file an old return?

2007-02-15 00:49:41 · 3 answers · asked by jeff s 1 in Business & Finance ➔ Personal Finance

3 answers

Yes. The 3-year limit on IRS audits doesn't begin until the return is filed.

If you're due a refund, there shouldn't be any penalties or interest. But, if you owe money, they'll hit you pretty hard with P&I.

2007-02-15 01:15:56 · answer #1 · answered by boo's mom 6 · 1⤊ 0⤋

Yes. These will probably be penalties assessed when the IRS receives it, but it is best to file before they find you. If they decide to audit you, you could end up owing a lot of money.

2007-02-15 08:59:34 · answer #2 · answered by jessicar0918 2 · 0⤊ 0⤋

No. You'll get an audit.

2007-02-15 09:46:36 · answer #3 · answered by John Rosa 3 · 0⤊ 1⤋