I understand I cannot amend a return from more than 3 years ago to get a refund, but what if the error means I owe the IRS money? Do I need to notify the IRS to amend the error, or can I just go ahead and amend the return, pay the penalties, and file it?\n\nDue to errors on my home business, I recently realized that I will need to amend 2003,2004, and delay filing 2005 until I get the books straight. It seems likely that 2000, 2001, and 2002 also have problems, but the older the return, the less likely I can figure it all out. I can't decide if I should mess with the older returns, or just let the IRS figure it out (if they ever do). I don't have a problem paying my penalties, I did screw up after all, but the hassle factor is incredible here, so perhaps I can let it go and just worry about the recent ones. If I get audited due to all my amended returns raising flags, the IRS can figure it out for me and I can pay then.  Am I being cynical?\n\nWhat are typical penalties and interest?
211700
First, in cases OTHER than fraud, the IRS has three years from receipt of your return to question the return.  If you have no basis for reopening these old returns, DON'T.  You'll just create significant problems for yourself.\n\nFix the '03, and '04 returns, and ask the IRS to waive the penalties and interest when you pay the tax owed.  An accountant would be able to help you sort out your tax liability and help you negotiate with the IRS.\n\nGood luck.
166501
It is possible to get a refund from the IRS even when you have not paid any or little taxes into the system.  If the income from your self-employment is very small ($400 or less)or negative, you will not owe any self-employment taxes.\n\nYou will get child tax credits in the amount of $2,000 ($1,000 per child) and perhaps some Earned Income Credit (EIC) if you have some positive income from your businesses.\n\nIf you send in your return and it is incorrect, it will take the IRS 8 months to a year to get back in touch with you.  You are wise to hold out the 30% just in case, but you might want to take your taxes to a professional to make sure they are correct.\n\nGood luck.
546555
You still need to file, and would be better if you do it before they contact you (and if you had income that was reported, they will eventually, by which time you'll owe even more in interest and penalties.\n\nYou should always file even if you don't have the money to pay.  If you can't pay right away, they'll set up a payment plan, and yes, you'll be charged interest.\n\nYou're not going to be in some kind of major trouble, so don't worry about that.  Just go ahead and file, or contact the IRS and tell them your situation.  If they get your return without a check, they'll contact you to set up a plan to pay.
7276
Actually, you need to include the recovery amount as part of your gross income the year you got them.\n\nFor instance, you got 2001 taxable year state refund in 2004.  You need to include the 2001 state refund (part or all) in the tax year 2004.\n\nAnyhow, you should have got a 1099-G in the year 2004.\n\nOf course, Pub 525 tells you how to determine what is the correct amount of recovery. \n\nI received a Form 1099-G, for my state tax refund. Do I have to include this amount as income on my return?\n\nIf you did not itemize your deductions on your Federal tax return for the same year as the state or local tax refund applies to, do not report any of the refund as income. \n\nIf you itemized deductions on your Federal tax return for 2003, and received a refund of state or local taxes in 2004, you may have to include all or part of the refund as income on your 2004 tax return. Report your taxable State or Local Refunds on Form 1040, Line 10. You cannot use Form 1040A or 1040EZ. Refer to Tax Topic 405, Refund of State and Local Taxes , and Publication 525 , Taxable and Nontaxable Income , for further information.
644637
My wife passed away last year so when I was competing my Form 1040 I found no distinctive information on how to claim her for last year so I called IRS. A woman explained exactly what I was to do and accomplished just that on the form in front of me while conversing.\nThree to four weeks later I received my refund check and it had my name and my wife's name on the check. The following day I called IRS to inquire what I should do to get the check re-issued in my name only. After 2 1/2 to 3 hours trying to get thru to a real person at IRS I finally found some other office out-side of IRS who finally transfered me to an IRS attorney. She informed me to complete a special form and return it along with the check. Both times I asked the individuals if I should include a Death Certificate and was told that it wasn't necessary.  I downloaded the form from the net and returned it with the check as directed.\nSome three weeks later I got a letter and another form to complete with instructions to include a Death Certificate and also instructions to notify Social Security which I had already accomplish after my wife's death.\n I originally submitted my taxes in early February and finally got my refund in late May. Need I say more?
606083
Can he go to jail?  Yes.\n\nWill he?  Probably not.  You should probably have him go talk to a tax preparer and have them calculate what would've been filed on the previous 4 year's tax returns.  \n\nIf the return would've resulted in a refund (as is most likely the case when you have something withheld) then he/she will not be penalized for not filing the return.  \n\nThe IRS will only charge interest and penalties on returns where the taxpayer would've owed THEM money, not the returns where THEY owe the taxpayer money.\n\nHe/she should track down his W-2's for the last four years and have a preparer complete the returns for him/her.  It may end up that they can file a return and get their refund that they never filed for (for up to 3 years of returns)!\n\nHope that helps!
205190
You will have to wait until next year to file that income since it was recieved in 2006.  What you can do is pay estimated taxes on the amount you just recieved if you haven't already been taxed on it.
371529
You can't claim it in a different year than the one in which it was paid or accrued, but you can file amended returns for those prior years to claim a refund of the tax that the deduction would have saved.  However, an amended return must generally be filed within 3 years of the due date of the original return, which means that you may only be able to claim a refund for the interest attributable to the years 2003-2005.\n\nConsult a tax advisor for advice that takes your specific circumstances into account.
125051
Yes you have three years from when you file to amend your taxes. You would file a 1040X. You can probably find it on the website www.irs.gov or go to a local H&R Block and have them do a FREE double check challenge. They only charge you if they get you more money back or save you more money on your taxes. If you do it on your own, then the 1040X is what you would file.
113817
form 1040x is for correcting errors on an irs form, if your done the same on your state, contact them and they'll send you their version of an amended return
191292
My tax attorney (which is also a CPA and used to work for the IRS) did my returns from previous years that I did not file on time. He told me to send the forms without any payment. When you do that he told me that the IRS will send 'Demand' letters for the back taxes (within six months of filing)if  it turns out that you owe them money after all the penalties are calculated. If its a small amount you can setup something with the IRS. If the total amount is a large figure lets say thousands, its a good idea to let your CPA (or better yet a tax attorney) handle the communications with the IRS (i.e. setting up a payment plan or a 'Letter of Comprise'). If its a lot of money you might owe, let a professional handle it.
225577
If your waiting on a paper check, then yes, it's probably still in the works. However, if your concerned to make sure they got the return, or to make sure the check or direct deposit has not gone wrong, go to IRS.gov and find out the contact number for calling about your refund.\n\nEach state is completely responsible for collecting it's own taxes or doing refunds and completely disaggregate from the Federal IRS. Sounds like your state is on the ball.
608280
If you are on a salary, your employer will withhold taxes from your paycheck. This is actually you paying taxes. When you file your tax return, you are reconciling the amount of taxes you have paid against the actual amount owed. If not enough was withheld, you will owe taxes. If too much is owed, you may also owe interest and penalties, so you want to make sure your withholding are reasonable so that you basically cover all your taxes owed. If you have paid too much, you get a refund, but getting a large refund doesn't mean you have hit the lottery. It means you have been having too much withheld from your check and you have made an interest-free loan to the government. Your goal should be to get back or owe no more than about $100. When you start a job, you have to fill out federal and state tax withholding forms, which explain how to calculate a reasonable number of exemptions. You can also change these at any time, if your circumstances change, like you take a second job, you get married, you have a child, etc. If you don't know what you are doing, ask a tax professional to help you figure it out.\n\nNow, as for when to file your taxes. Do your tax return as soon as you get all the information you need (W2s, 1099s, etc.). If you are getting a refund, file right away. If you owe (but not enough to owe a penalty) wait and file close to April 15. If you owe with a penalty, pay as soon as possible, since the interest will keep accruing.\n\nHope that helps.
160660
There is no three year rule for filing tax returns.  Most people are required to file a return every year because their income exceeds the required minimums, or because they have recognized certain types of income.  The IRS website has a list of questions that you can review that will tell you whether or not you are legally required to file a return (see sources below).  However, many people, even if not legally required to file a return for a certain year will still do so if any federal taxes have been withheld from income (usually by an employer who will issue a Form W-2), so that the withheld federal taxes can be refunded to the taxpayer.
342001
I would forget about worrying about getting money back from the government. Ideally, when you do your tax return you, it should come out somewhere as close to zero as possible. Don't be so hung up on getting money back like most people are. A tax refund is just an interest free loan to the government, money you could've used to pay your debt. If the companies you work for are taking off too much or too little for taxes in each pay cheque, have them adjust it..\n\nJust earn as much money as you can and pay back as much of the debt as you can. Even if you end up owing some taxes next year, it makes more sense to pay off the higher debt first. The interest rate right now on overdue taxes is only 9% compared to the 12% on your debt. And usually you can work out payment plans as long as you aren't trying to scam the feds. Just make sure you file on time so you don't have any late penalties.
59497
Technically you could file an amended return (1040X) once you receive it, but I don't think waiting until next year is wise.  This is income that employer has reported to the IRS, and it will likely raise a red flag if it doesn't appear on your return.\n\nBy law, W-2's are to be given or mailed to employees no later than January 31.  I know my employer waited until the 27th to make them available.  Since your husband no longer works at the Food Lion, they'll have mailed it.  It's fairly likely it hasn't gotten to you yet.  I would wait a little while, then contact the employer to see if it was mailed.
501036
who is he?why is he still working for the company?he made this error.how many errors has he made before?he should pay for this mistake one way or an other. as for paying back the monies. i would seek legal advice and ask the above questions. why should you fork out for this  company's mistakes,not only in monies,stress,etc.