2007-10-18 11:32:03 · 8 answers · asked by pgemp 1 in Business & Finance ➔ Taxes ➔ United States
you should really contact a tax adviser...or even the IRS
You still should be able to file, but of course there will be a penalty for missing that year. I don't know how much, but if you were entitle to a nice refund that year, you might just break even with everything. They will withhold any refund to offset you owing.
2007-10-18 11:37:53 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Let me rephrase what I think you said: "I didn't file my tax return for 2003 so the IRS did it for me its computation shows me owing money. Can I file a late correct tax return for that year and have the tax adjusted to what it would have been if I filed the return like I was supposed to over three years ago?
If I got it right, yes you can. If you had a refund due you, you don't have it any more because you waited too long.
2007-10-18 19:15:20 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Yes file your taxes now. You may have to work with the IRS or a local tax pro that has the materials and forms for 2003. Numbers, rules and laws change.
2007-10-18 20:42:35 · answer #3 · answered by Gary 5 · 0⤊ 0⤋
Just contact the IRS they will set you up with a payment plan. Be aware of the interest and penalties incurred since 2003. But just bite the bullet and do it because it will not get cheaper. Another way is to get a tax attorney who might be able to negotiate a lower amount. Good Luck
2007-10-22 14:37:16 · answer #4 · answered by Sharon D 2 · 0⤊ 0⤋
You can file for 2003. If you owe for that year, you'll owe penalties and interest in addition to what you would have owed if you filed on time. If you don't owe for that year, there won't be penalties for filing late, but if you had a refund coming, it's too late to get it.
2007-10-18 19:26:47 · answer #5 · answered by Judy 7 · 2⤊ 0⤋
Would you walk down the street and stop some pimply faced 14 year old kid on a skateboard and ask this very serious question of him?
If you want a real answer to what you should do... the you had BETTER get with a good tax preparer... and be ready to pay a HUGE penalty and interest in addition to what you already owe....
2007-10-18 18:40:13 · answer #6 · answered by Anonymous · 0⤊ 1⤋
You can but will owe penalties and interest for that year.
2007-10-18 18:44:00 · answer #7 · answered by searchingforperfecshon 3 · 0⤊ 1⤋
yes until DEC 31
2007-10-18 19:18:21 · answer #8 · answered by Anonymous · 0⤊ 2⤋