CAN U FILE BOTH 2005 AND 2006 INCOME TAXES AT THE SAME TIME, FILING ON MY OWN, IN 05 I HAD JUST BEEN WORKING FOR 2 MONTHS, THEN RECIEVED W2'S I WAS ADVISED TO WAIT UNTIL THIS YEAR TO FILE BOTH...IS THAT CORRECT? (NOT YELLING, CAPS STUCK)
2007-04-13 11:40:02 · 5 answers · asked by Kaylah's Mommy 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
If you received a W-2 for 05 then you have to file a late 05 return for that W-2. You have to file a 06 return with your 06 income/W-2. You cannot combine the two years. (Never listen to they unless they post a bond).
2007-04-13 11:57:47 · answer #1 · answered by acmeraven 7 · 2⤊ 0⤋
You have to file your 2005 W-2 on the 2005 forms using 2005 instructions (you can download them at irs.gov, go to more forms and publications, then to previous years). You'll file your 2006 W-2 on 2006 forms. You can't put them on the same form, but you can mail them in at the same time if you want to. You can efile 2006, but not 2005.
Whoever advised you to wait and file 2005 this year gave you very bad advice. If you owed for 2005, you'll pay interest and penalties in addition to what you owed in the first place. If you have a refund coming, there won't be any interest or penalty, but you've waited an extra year to get your money back.
2007-04-13 13:43:05 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
If you mean on one form. No. As far at the dates, you are late for 2005 but file it for your refund.
It was stupid advice to tell you to wait a year to file.
2007-04-13 12:32:40 · answer #3 · answered by Lisa M 2 · 0⤊ 0⤋
If you only worked for 2 months you will probably get all your money back anyway so it doesnt matter when you file that return although you only have 3 years to claim a refund
2007-04-13 11:46:07 · answer #4 · answered by winetaster6 2 · 0⤊ 1⤋
I ought to disagree with you even nonetheless I do pay a marvelous form of earnings taxes. Your precise to vote should not be eradicated as a results of fact of your economic status. in case you disagree with the present tax equipment enable that's often used with the aid of vote casting for applicants who proportion you perception that the tax equipment is faulty and desires to be fixed. additionally touch your congressman and senator and enable them to comprehend your view. i do no longer suggestions paying my taxes. i do no longer suggestions paying extra if I earn extra. What I do suggestions is people who desire to demonize me for my fulfillment. A flat tax or a countrywide sales tax could be a much extra suitable equipment than the present tax code. to start it may be a normal code particularly of the loads of pages interior the present code. 2nd it may close the loopholes interior the present equipment that permit some wealthy to circumvent paying taxes. third and maximum severe it may propose each and every you will have some epidermis interior the interest. finally if all of us had to pay an equivalent % in taxes what number people who at the instant do no longer pay taxes does no longer believe the belief of better taxes
2016-12-16 05:08:25 · answer #5 · answered by ? 4 · 0⤊ 0⤋