|
|
| *Loan,banking and credit>>>tax filing |
What should you do if you haven't filed a tax return in 10 years? |
Someone I know (yes, it really is someone else) has had tax withheld from his paycheck for the last ten years, but hasn't filed a return for any of those years. Any advice on what he should do? I told him to go to the IRS and file - but now I'm wondering if I gave him good advice. Should a criminal lawyer handle this? The IRS isn't really as bad as some people believe. Yes, the IRS can be stubborn when a person owes them money, but it is possible to work with them. The absolute first thing your friend should do is to get all of the documents required for filing his returns. He should get all of his W-2s or 1099s or any other documentation of wages. He will also need to have documents concerning any life changes that occurred during the time period (marriage, divorce, birth of a child, etc.). He will need to get all of the applicable forms for filing from the IRS website. He can get previous year's forms at http://www.irs.gov/formspubs/article/0,,... I recommend that he fill out each year's forms in order. If he finds that he was to receive a refund, he won't be able to collect on any refunds before the 2003 taxable year. He has lost all rights to those. He should file them anyway just to make everything complete. If he finds that he was supposed to pay some years, he should get prepared to send in a check for the amount shown on the returns. Any interest and penalties due will be assessed by the IRS and they will send him a notice of the amounts. I recommend that he start saving as much as he can now, so he'll be able to pay any penalties when the IRS makes it's assessment. Good luck, Edit: TITLE 26, Subtitle F, CHAPTER 61, Subchapter A, PART II, Subpart B, 搂 6012 states in part "Returns with respect to income taxes under subtitle A shall be made by the following: (1) (A) Every individual having for the taxable year gross income which equals or exceeds the exemption amount". There ya go pr0ph, anyone who has income over the exemption amount must file a return. Of course, I already know you're a tax protestor. You won't believe it is a law even if you get sent to jail for it just like Irwin Schiff. Edit #2: See pr0ph, I knew you were dense. I pointed you to the law before you had even gotten a single thumbs down and yet you still claim "four thumbs down so far and NO ONE has shown me a LAW." The law covering income taxes is Title 26 of the U.S. Code whether you like it or not. Go ahead and don't pay taxes. Either you are too small of a tax payer for the government to deal with or they just haven't gotten around to you yet. I hope they do though. Maybe you'll get sent to jail just in time to meet your hero, Irwin Schiff. I think he will want to get a lawyer involved only because the IRS can get nasty. Since he probably does not owe anything, it should not be a big deal. But if he does owe monet, they will nail him to the wall with interest and penalties...... It is better for him to come forward than to have them come after him... I agree with duckboy....a lawyer is in order....not a good situation but..he is coming forward on his own instead of the IRS finding him first ..is a good step...good luck It is possible that he did not make enough to actually need to file a return. It is very possible that he has missed out on refunds for all those years. In any event, he should probably contact the IRS, just to ease his conscience. At worst, he will have back taxes and penalties to pay. That is, of course if he owed anything other than what was witheld. 10 years may be too long. He should go to a professional tax service and literally have them figure his taxes for the last ten years and back-file. It's the only alternative to going to jail. I had a check come in that was owed to me three years before (disability) and my old tax returns either had to be amended, or I could pay all the tax on that three years' worth of money at one time. The H&R Block tax assessor figured it was cheaper for me to spread it out over three years. So, if you can pay back taxes for a three year period, I would think you could for 10 years. Your friend will likely be audited, which is another reason to go someplace like H&R Block. They have to represent you at any audit for which they did the numbers. If the H&R Block assessor or other pro tax assessor won't touch it, then go get a criminal attorney. Either that, or your friend will have to live in exile in a country with no extradiction with the US. http://taxes.about.com/od/taxtrouble/a/b... http://www.filingbacktaxes.com/... http://www.irs.gov/businesses/small/arti... http://en.allexperts.com/q/tax-law-quest... Dude, this guy is in some nasty trouble. The IRS doesn't like that. They will charge him interest on the money owed from all the past years. ARGH!! I missed for two years once and got slammed! But it is a good thing that he is willing to do that. I only hope it goes well for him. |
| Tags |
| tax cut tax deduction tax department tax evasion tax exempt tax filing tax forms tax help tax id tax information tax law |
SiteMap--Copyright/IP Policy--Contact Webmaster--Resource of HR For personal non-commercial use only. |