for reasons i did not do it cause i owe monwy to the irs and at the time i did not not manage the money to pay a tax place,even tho i know that it would have deducted the amount that i owe but is it still possible to do it now?
2007-10-08 01:40:24 · 13 answers · asked by twohitsmf 1 in Business & Finance ➔ Taxes ➔ United States
Probably, but you would be paying a lot of penalties.
2007-10-08 01:42:53 · answer #1 · answered by Jessie H 6 · 0⤊ 1⤋
file 2006 taxes
2016-02-02 10:09:05 · answer #2 · answered by Filberto 4 · 0⤊ 0⤋
If your income for the year exceeds the filing requirement amount for your filing status, you MUST file a return. For a single taxpayer who is not the dependent of another taxpayer, that amount for 2006 is $8,450.00.
If you owe, there will be penalties for late filing as well as penalties and interest for late payment of the tax due. For this reason it's important that you file your return by the filing deadline, as extended, even if you cannot pay the tax at that time. At least that stops the clock on penalties for late filing. You'll still have to pay the penalties and interest for late payment but those are much lower than the late filing penalties.
If you are due a refund, there is no penalty for late filing at least on your Federal return. At least one state, Ohio, levies a significant penalty ($500.00) for late filing even if you're due a refund. You generally have 3 years from the due date of the return to claim any refund due you. After that, it's lost forever.
2007-10-08 01:51:46 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
There is no penalty for filing late if you do not owe. I have several clients who only come in once every three years and we do three years at once - on purpose. You have until April 15, 2010 to file your taxes to claim your refund. Just go the the IRS web site and download forms and instructions for that year. Or go to H&R Block if you need somebody to do them for you. They do prior year returns all time.
2016-03-19 07:46:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You not only can, you are required to. Since you owe, there will be penalties, and they'll be added to every month until you file, so get it done as soon as possible.
Tax prep fees are only deductible if you itemize, and then only to the extent that your miscellaneous deductions are over 2% of your income.
2007-10-08 03:46:14 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
technically, you should have filed an extension of time to file with the IRS- but I would try filing now anyway, must be before 10/15/07 deadline.
Read this and file:
http://www.associatedcontent.com/article/402397/how_to_prepare_and_file_your_taxes.html
2007-10-10 02:57:02 · answer #6 · answered by kims374 1 · 0⤊ 0⤋
Yes you can still file, you have 3 years. If you owe, you might have to pay a fine.
2007-10-08 01:42:38 · answer #7 · answered by chante 6 · 0⤊ 1⤋
You have 3 years to back file. The Irs isn't a government company it is a private company.
2007-10-08 01:49:12 · answer #8 · answered by sassylassy2876 4 · 0⤊ 2⤋
Yes, and I suggest that you do that.
Maybe the first time that you filed, your return got lost in the mail?
If that happened, the IRS would likely be able to drop any late fees. :)
Maybe that happened to you?
2007-10-08 01:45:17 · answer #9 · answered by Anonymous · 0⤊ 2⤋
YEs! GO file today!
2007-10-08 01:43:09 · answer #10 · answered by abs 5 · 0⤊ 0⤋