we filled our taxes late, one and two years late. ends up i owe 9,000 and i'm paying monthly on it. i run a small bussness and barely get by. i did them myself, and i'm compleetly unorganized. it is going to take years to pay this off. i dont know if i added all the deductions i should have, but i am bad w/ recepits, so i dont know if a pro could help........help?
2007-10-26 12:59:34 · 9 answers · asked by johnhassay 2 in Business & Finance ➔ Taxes ➔ United States
You shuld take your records to a tax preparation service and have them review it to see if you missed any deductions. You can file revised, there will be some penalties I'm sure. It may be worth having them looked at and see if it would be worth refiling to get the amount down further to get you out of payments sooner.
2007-10-26 13:02:57 · answer #1 · answered by hr4me 7 · 0⤊ 0⤋
You could have a tax pro (a CPA, not someplace like H&R Block) review what you did. If they find additional deductions you could have taken, they can prepare an amended return for you to file.
If you don't have receipts, and can't show what you spent, the pro isn't going to be able to help much, other than to suggest items you might be able to deduct and tell you what to keep in the future.
Good luck.
2007-10-26 14:15:05 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Most accountants will all but throw you out if you come in with a shoebox full of receipts. You need to take care of the bookkeeping, or hire a bookkeeper. Then take those numbers to an accountant, who, if necessary, can file amended returns. If this is not your forte, outsource this stuff and try to use the saved time to make more money to pay for it.
2007-10-26 15:27:55 · answer #3 · answered by heart_and_troll 5 · 0⤊ 0⤋
The regulation of financial earnings. A spouse can't testify in court docket against her husband and vice versa. She could desire to head forward and funds the examine. What can he do yet report form 3911 for misplaced or stolen refund examine. the secret provider might get her and him to sign their names 5 cases and her call could be a adventure. hence he has no recourse. I dealt with misplaced and stolen refunds for sixteen years on the IRS. A joint return is a binding settlement and could't get replaced after April fifteenth. form 1040X for amended returns, and additionally be sure you report an amended return for the state. She could desire to deliver the 1040X into the IRS without signature and with the examine related. The IRS will deliver her a signature assertion. in spite of the incontrovertible fact that, if she makes a decision to report a separate return. Legally, she can't report head of kin considering the fact that she lived together with her better half all of 2008. And, as you already know married submitting separate is the maximum tax bracket and she or he would be able to not get lots of a reimbursement. She could desire to in spite of the incontrovertible fact that report married submitting separate and take her husband as an exemption ( slightly ordinary regulation). and this might strengthen her refund. She might want to return the refund examine to the IRS and acquire an "A" type and characteristic it utilized decrease than the social protection type that's on proper of the return. She has written documentation from the courts that he has severe psychological issues, why does not she merely get skill of lawyer or conservatorship over him or guardianship over him and then she would be able to funds any examine he has. He exceeded himself over to her while he have been given arrested.
2016-12-15 10:10:23 · answer #4 · answered by Anonymous · 0⤊ 0⤋
What do you have to lose here? I would gather all of your documents and work with a tax pro. If you have any doubts bring the document with you. You may want to consider to contact out your bookkeeping services or hire a part-timer to keep you straight. You may have the opportunity to amend your previous tax filings.
2007-10-28 03:58:25 · answer #5 · answered by Gary 5 · 0⤊ 0⤋
You can amend on form 1040X. Go to a professional who will understand how to organize your stuff and use the tax system to your best advantage. I'm not talking about someone who trained for 6 weeks. I'm talking about and Enrolled Agent or a Certifies Public Accountant.
2007-10-26 13:22:48 · answer #6 · answered by dcholsted 2 · 0⤊ 1⤋
you sure can,i did a few times, you need to go to the irs website,(dont know it offhand) and download an "amendment" form.
by the way, you can amend the return whether your making payments or not, they will adjust the amount.
2007-10-26 13:04:15 · answer #7 · answered by dajram 3 · 1⤊ 1⤋
you can file an ammended return for the years in question.
go the the IRS website for a list of forms that you can download
2007-10-26 13:03:54 · answer #8 · answered by deejayspop 6 · 1⤊ 1⤋
You can have your taxes re-done, but, i'm not sure if that applies to you if you've already made payment arrangments. call the i.r.s., or check with them on the net. Good luck !!!
2007-10-26 13:05:20 · answer #9 · answered by okimreadynow 6 · 0⤊ 1⤋