2007-03-16 18:46:19 · 7 answers · asked by ? 1 in Business & Finance ➔ Taxes ➔ United States
what process should we take?
2007-03-16 18:52:48 · update #1
He can and he should. The only exception would be if his income was less than the amout required to file for the year in question.
Any year that a tax return is not filed for is considered "open" by the IRS. The IRS can assess taxes for an open year at any time, there is no Statute of Limitations.
If he has a refund coming for the tax years in question, there is no penalty for late filing. He'll get any refund due. However, if there is an amount outstanding he will be assessed penalties for late filing and penalties and interest for late payment.
If you were married to him for any of those tax years, you're fully liable for any unpaid taxes yourself. It is in your best interest to make sure those returns are filed ASAP. The Statute of Limitations clock doesn't start ticking until the return is filed and penalties and interest will continue to accrue until the returns are filed and the taxes are paid.
2007-03-16 23:24:38 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
He not only can, he must. The longer he leaves it, the more complicated it will become. He should file as much information as he can for the previous missed years, with an explaination of why he missed them. Be honest and don't make up some story that the tax office will see through.
2007-03-16 18:59:13 · answer #2 · answered by Anonymous · 1⤊ 2⤋
You can file for up to 5 years. If they owe you money, you will receive intrest on it. However, if they owe you money, you will have to pay interest. I cant tell you how many times I've had clients who would have owed $100 but waited 5 years to file and ended up paying $350 or more. However, I have had a client that filed 3 years late, was supposed to receive $600 and instead got $980.
And no one cares WHY you didnt file, as long as you file now.
2007-03-16 19:33:51 · answer #3 · answered by epiphanyofmylove 2 · 0⤊ 4⤋
If he has enough income to meet the filing requirements, then he must file a tax return.
It would most likely be more beneficial if you file together, as married filing jointly. If you file jointly, you'd file a tax return if your combined income exceeded $16,900.
You can e-file your tax return at www.turbotax.com.
2007-03-16 18:54:16 · answer #4 · answered by tma 6 · 0⤊ 3⤋
I would reccomend seeing a cpa or getting the help of a professional to get you going again. Tax laws have changed in many ways in the past couple of years and someone experienced can help you find extra deductions too!
2007-03-16 18:58:08 · answer #5 · answered by git along gal 3 · 1⤊ 3⤋
Oh you bet.
The government will love for you to file.
2007-03-16 18:48:36 · answer #6 · answered by carpentershammerer 6 · 0⤊ 2⤋
If you have any tax problem do a search for Dan Pilla. We have a tax problem ......big one and we are planning on using him.
2007-03-16 21:38:02 · answer #7 · answered by Gina P 2 · 0⤊ 1⤋