My friend went like 7 years without filing taxes. How would she go about getting that straightend out? can she file all those lost years, or is there only so many years she can go back. she says she doesnt owe anything, its all about the money owed to her. but she has people who garnish her check and therefore she probably wouldnt get the money. but i figured id try to help her cause at least her bills would go down if they were to garnish her taxes.
Please help me to be able to give her more solid advise and if i was to help her - what would i do first?
2007-10-14 05:53:55 · 7 answers · asked by confussed 2 in Business & Finance ➔ Taxes ➔ United States
You are only required to file a 1040 form if you make more than the taxable thresholds. These are the minimum amounts for 2006:
$8450 (for filing single)
$16,900 (for filing married joint)
$14,150 (for filing head of household)
For example, if she made less than $8450 in 2006, she doesn't have to file because she won't owe anything. Each year this "zero bracket" goes up a little bit. If she is only making a few thousand each year, she doesn't have a mess to clean up at all.
There is a different set of rules for people who have a lot of investment income. Let us know if this is the case.
As for getting her money back, she can go back to the last three tax years. If she files before April 15, 2008, she can recover the following:
tax year 2007
plus
tax year 2006
tax year 2005
tax year 2004
(The deadline for recovering a refund for the tax year 2003 was April 15, 2007, 3 years after the due date. For each year, she will need to file the correct 1040 for that year, because they change, too.)
2007-10-14 06:17:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Technically, she was required to file even if she didn't owe and had a refund coming. In reality, no she wouldn't get in any trouble, but she wouldn't get her refunds either, so she's giving away free money, her own money that was withheld. Unless the people garnishing her wages are governmental bodies or it's garnished for child support or student loans, they probably couldn't take her tax refunds.
It's too late to get refunds for tax years before 2004. She can file her 2004,2005 and 2006 returns and still get whatever refund she has coming, or if it's taken, at least it would apply to what she owes.
2007-10-14 06:26:02 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
The penalty for late filing will be 25% of the unpaid tax. 25% of zero is zero. If she has refunds for years 2003 and earlier, she can kiss them goodbye. IRS will send refund checks, if due for 2004, 5 and 6 if she gets the returns in. Creditors can not garnish a tax refund.
2007-10-14 08:28:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
she should file all returns- if she is owed money, I do not think there will be any penalties....the bright side- she may be owed enough in returns to pay off her debt collectors that are garnishing her checks...if she DOES owe money, it is a kinder gentler IRS and they will work out a payment arrangement with her.
2007-10-14 06:02:57 · answer #4 · answered by jmd72inva 6 · 0⤊ 0⤋
The first thing to do is call the closest I.R.S. office. It will be listed in the U.S. Government section of the phone book, probably in the blue pages.
2007-10-14 06:03:52 · answer #5 · answered by Tom K 6 · 0⤊ 0⤋
"for my section, i might do them for loose at irs.gov " you could"T DO YOUR TAXES on the IRS internet site!!!!! WHY DOES all of us shop asserting THAT???? The IRS has links to web content, like H&R Block, etc that grant to do your return for loose. it relatively is mandated by utilising regulation that they could desire to offer loose e-submitting in case you're below a definite earnings point. or you could acquire the varieties and fill them in and mail them. The training are on the region besides.
2016-10-06 22:13:57 · answer #6 · answered by ? 4 · 0⤊ 0⤋
you must file, no matter if you owe or not.
2007-10-14 06:02:23 · answer #7 · answered by Jan Luv 7 · 0⤊ 0⤋