2007-04-15 02:29:30 · 6 answers · asked by klw2000 1 in Business & Finance ➔ Taxes ➔ United States
nope... . however if you wait too long (like a year) the IRS will file a return for you.. by using the information they have (w-2 and only standard deductions).. so since they are useing incomplete data, they will probably THINK you owe them. If THEY calculate that you owe they will send you a letter (in around march 2008) stating you owe taxes and penalties and interest ..blah blah.. however just filing your return with your proper information will negate the IRS's automatic filing...
In summary.... do it in a few months, you have 3 years but do it now to save headaches later..
luck
2007-04-15 03:01:48 · answer #1 · answered by thevoiceofreason2b 5 · 0⤊ 0⤋
You have 3 years from the due date before the Statute of Limitations makes it impossible to get a refund even if you are due one.
If you file later than that, the IRS keeps your refund.
- A Damn Fine Tax Advisor
2007-04-15 02:48:27 · answer #2 · answered by WealthBuilder 4 · 0⤊ 0⤋
No. If you are expecting money back, you have up to three years to file or you lose your refund.
2007-04-15 02:31:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No, interest and penalties are based on tax due.
2007-04-15 02:34:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
By law you are still required to - but there isn't any penalty if you don't. Go figure.
2007-04-15 03:35:38 · answer #5 · answered by Judy 7 · 1⤊ 0⤋
yes, otherwise u will get it next year.
2007-04-15 02:32:32 · answer #6 · answered by solver 3 · 0⤊ 0⤋