What Do I Do If I Have Not Filed My Taxes In 4 Years?

Question

I want to file my taxes this year but im afrid of what might happen to me because its been such a long time since i've done it. i'm 23 and a fool, i just want to get back on the right track and do what i have to do to get myself out of this hole.

Answer 1

Gather the paperwork and file the back years. Each year must be filed separately, and on the forms for that year and using the instructions for that year - you can download them at irs.gov

If you have a refund coming for any of those years, you'd still get it for 2003, 2004 and 2005. It's too late for 2002 to get a refund, although you should still file. Time to get a refund for 2003 will run out if you don't file that return by 4/15/07.

If you owe for any of those years, you'll have to pay the back taxes plus interest and late-filing penalties.

Good luck. Nothing is going to happen to you except having to pay what you owe. You're not going to jail over this.

Answer 2

First of all, are you sure you were even required to file? Every year there is a certain amount of money you have to make before the IRS requires you to file. For 2006, for a single person, the amount is $8,450. The amounts for previous years have been a little less. Assuming you made more than the filing requirement amounts, you should file your returns for the previous years. If you are due a refund, the IRS only gives refunds for the previous three years. If you owe money, you will have to pay with penalties and interest. You should get to a tax preparer, explain your situation, and have them figure your taxes for the previous four years and see what the result is. A lot depends on the amount of money you made, your filing status, if you have any dependents, and any deductions and credits you have for those years. It's good to get on the right track, your conscience will be clear for the future. Good luck.

Answer 3

Do your taxes. IF and WHEN the IRS contacts you about your back taxes, they will usually make some type of payment plan for you to pay any back taxes but you also need to find your W-2's for those years and refile those taxes, you never know you might have a couple grand coming back to you.

good luck.

Answer 4

Your headed in the right direction, and believe it or not most people who work for the IRS will be glad to help you get on the right track. If you can afford it an accountant or filing service can help you, but if not I personally would find the nearest tax office and go in and talk to them. (state taxes 30 years..retired)

Answer 5

I'm certainly no expert, you may want to consult a tax lawyer or even go to someplace like H & R Block and ask them, but the sooner you come clean the better it will be for you. I'd imagine they'll garnish your return for a few years until you don't owe anymore. I think they'd be willing to work out a payment plan too. Good luck to you!

Answer 6

have you lived on your own and worked these past four years? if you have, unfortunately, you're going to owe a lot of back taxes... there's really no way out of it, but it's better that you fix it yourself before the IRS finds out... below is a link with some helpful information... hope it helps... good luck!

Answer 7

Go to the website irs.gov

Go to forms and print out Form 4506T.

Get transcripts for all those years you have missed.

Go to a tax professional (CPA) and get it done properly.

You'll sleep better for it.

Best Wishes.

Answer 8

your going to jail, and when you get out you will have to pay all back taxes and penalty's, then you will be sent to the war front. [ some of this is true and some of it isn't ]