My mother-in-law and her husband of 3 years have not filed their taxes for the same amount of time. I do not believe they owe any money, but now have they lost any refunds they were due? What kind of trouble can they expect from the IRS? Is there anything I can tell them to get the fire lit to file this year?
2007-04-03 13:53:18 · 8 answers · asked by Lori 1 in Business & Finance ➔ Taxes ➔ United States
They have 3 years from the due date of the return to file and get any refund they might be entitled to, the 2003 return must be received by the deadline in 2 weeks to be able to get this refund. They should get the returns filed ASAP starting with the 2003
2007-04-03 14:04:00 · answer #1 · answered by Anonymous · 2⤊ 0⤋
If they had refunds coming, they can still get them if they file, although the deadline to get a refund on a 2003 return expires on April 15 this year. If they don't file by then, they lose any refund - that might get them moving.
If they had refunds coming for all of the years, while technically they were required to file and didn't, they probably won't get any flack from the IRS.
2007-04-03 14:14:29 · answer #2 · answered by Judy 7 · 1⤊ 1⤋
If they do not meet the requirements to file, then they are not required to file. They can still file returns for past years, the earliest being 2003, in order to claim a refund.
2007-04-03 14:06:58 · answer #3 · answered by tma 6 · 0⤊ 0⤋
They will not get in any trouble if they do not owe money.
They lose the right to refunds after 3 years.
If they owe, the IRS can come after them anytime they want if they do not file their returns, because the statute of limitations runs from the later of filing the return, or the return date (April 15). If you dont file, the statute of limitations does not start running.
2007-04-03 14:05:18 · answer #4 · answered by Anonymous · 3⤊ 2⤋
i wouldn't truly assume that refund which you assume. in the journey that your husband did no longer report his taxes for 3 years, the IRS is going to compliment all of the taxes he might desire to have paid plus interest and many effects. i'm specific this might greater effective than cover your anticipated refund plus. If he has a compelling reason he did no longer report for 3 years, they might settle for all of the taxes due with interest and effects with out putting him in detention center.
2016-11-26 00:27:17 · answer #5 · answered by ? 4 · 0⤊ 0⤋
A friend of mine is going thru this right now. He hasn't filed for 3 years and when the IRS audited him they said he owes $75,000.00 They were nice enough to let him keep 10% of his pay and they get the rest thru garnishment. That is to say he makes $10,000.00 a month and they get $9,000.00 until it's paid but, keep in mind that the penalties and interest keep accrewing thru out the payment process until paid. So that $75,000.00 will be more like $100,000.00.
2007-04-03 14:07:35 · answer #6 · answered by Walt 1 · 0⤊ 4⤋
There will be fines for late filing,with interest. This will be deducted from any refunds coming to them. They may or may not be audited. I would suggest they take care of this before the IRS takes matters into their own hands.
2007-04-03 14:04:48 · answer #7 · answered by ? 2 · 0⤊ 6⤋
Audit will be coming soon.
2007-04-03 13:57:25 · answer #8 · answered by Anonymous · 0⤊ 5⤋