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2007-04-01 05:25:47 · 4 answers · asked by bow37 1 in Business & Finance Taxes Other - Taxes

4 answers

Hello, bow! Yes, you can (and absolutely SHOULD) file your 2001, 2002, & 2003 tax returns, unless you know for a fact that your income was low enough that you were not required to do so. If the IRS has records of sufficient income for those years, rest assured that they will eventually come looking for their tax money (in addition to extra penalties and interest charges).

Be forewarned: if you owe money for ANY past year, the IRS can always catch up and demand it. However, there is a three year "statute of limitations" for refunds. If you were due a refund for your 2001 or 2002 tax return, it is unfortunately lost. If you file your 2003 return by April 17, 2006, you can still claim a refund for that year.

The IRS link below gives further explanation. Bottom line: get your prior returns filed if you owe anthing!! Good luck! :-)

2007-04-01 08:54:31 · answer #1 · answered by Anonymous · 1 0

You may file your taxes for any period at any time. If you owe the government, they will asses you fines, penalties and interest for lateness and non-payment. When you prepare your taxes the penalties and fines will be calculated at the time and your tax preparer will tell you how much you have to pay. If you do not have the money to make the payments you can send a letter with the tax returns requesting an interview to work out a payment plan.

If you do not owe government any monies for any one of the years 2001, 2002 and 2003 you have nothing to worry about. Just go ahead and file your tax returns. If you are due a refund the same is true - nothing to worry about just do it.

2007-04-01 12:32:55 · answer #2 · answered by Anonymous · 0 0

Yes. And the good news is if they owe you any money, you don't pay any penalties. Obviously the opposite is true. This recently happened to a friend, and he just got a nice check.

2007-04-01 12:31:14 · answer #3 · answered by Beau R 7 · 0 0

yes you can but if you owe money to the irs then theirs interest,penalties you'll have to pay...

2007-04-01 12:29:42 · answer #4 · answered by tomtoride 4 · 0 0

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