i recently filed my 2002 federal income taxes for which i was owed $1036. i just received a letter stating that my claim was denied because it was past 3 years from when they were supposed to be submitted. this doesnt make sense to me that a debt owed to me can be erased over time. if i owed them money that hadnt been collected within the 3 years i am positive that my debt would not have been erased. in the letter it stated that i can dispute this denial of the money i am owed stating any laws or reasons that show i am still owed this money. besides the fact that i should have filed them on time, does anyone have any advice on how i can get this debt i am owed????
2007-04-30 12:23:03 · 5 answers · asked by Cars 4 Sale 3 in Business & Finance ➔ Taxes ➔ United States
Your request for refund must be made within three years of the due date of your return, or within two years of the date you paid your tax.
Requests for refunds for 2002 had to have been postmarked by April 15, 2006 unless you paid your taxes later than April 15, 2004.
2007-04-30 12:30:55 · answer #1 · answered by ninasgramma 7 · 0⤊ 0⤋
That's the penalty for delaying so long. You have only 3 years from the filing deadline to claim a refund due. The filing deadline for 2002 was April 15, 2003 so you had until April 15, 2006 to claim that money.
The IRS will consider exceptional cases -- an extended coma for example -- but few requests for a variance on the law ever are approved.
BTW, unless fraud or diliberate understatement of income is proven, the IRS has the same 3 years that you do to claim additional taxes from you. So it really IS a two way street.
2007-04-30 12:41:37 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
You aren't owed it any more. You have 3 years from when a return is due to file and collect a refund. You took around 4 years to file. Because you didn't follow the law and file when you should have, you lost your refund.
If you owed, then the IRS would have 3 years to collect from you assuming no fraud was involved, but the clock on that three years would not start running until you filed.
2007-04-30 18:27:14 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
it's called the stupid tax,, sorry,, but you waited too long,, you won't be seeing a refund.
it's not really a debt owed to you. You are the one that paid too much in,, and it was up to you to ask for it back by filing a tax return on time,, they even gave you three years,, three years,, three years.......
2007-04-30 12:38:57 · answer #4 · answered by Jo Blo 6 · 0⤊ 0⤋
I suggest you go to a Tax Preparer, such as H&R Block. I'm sure they will be able to help you with this problem. Don't rely on any silly answers from Yahoo that may not even be correct. GOOD LUCK! I hope you get your money, but remember to always file your taxes every year on time so that Uncle Sam doesn't have a reason to rip you off.
2007-04-30 13:49:51 · answer #5 · answered by sugarBear 6 · 0⤊ 6⤋