How do you fil taxes from previos years?

Question

A friend of mine didnt file her taxes for 05 nor for 06. She now wants to do so and wants to kow if the IRS will give her a payment plan to come up with what she owe and what not?

Answer 1

She can download forms and instructions for previous years at irs.gov - she would need to use the form for the right year, fill them out, and mail them in.

If she is not able to do them herself, she can contact an accountant and they'll prepare them for a fee.

If she can't pay all that she owes, the IRS will set up a payment plan for her. But she should get them filed as soon as possible - filing will at least stop SOME of the penalties from accumulating.

Answer 2

If your tax return is fairly simple, then you could go to the IRS website and file them online. If you are unsure how to do them, go to a tax office and have a professional file them for you. If you are owed a refund, there will be no penalties, and the IRS will give you a small interest payment added to your refund. If you owe money, the sooner you file, the sooner the interest and penalties will stop accumalating. If you can not pay right away, you may request a payment plan that will pay the balance off before the due date of the following year.(April 15) But, let's say you owe money from 2005 and expecting a refund in 2006. Get the 2005 filed and recorded first than file the 2006 return. When it comes up that you owe back taxes, the IRS will keep the amount of refund needed to cover them and, if any is left, send you the rest. If you still owe more, than you can request a payment plan that would be smaller and faster to pay off. In any case, file those returns ASAP.

Answer 3

I suggest that you contact a tax professional such as an Enrolled Agent, CPA, or attorney. If your friend is in California she might want to hire [e-mail]