I've been homeless for 20 years and haven't filed a tax return in 18 years because I had no taxable income. I want to come up to date with the IRS. What do I do?
You say that you had not had any taxable income for 18 years. So I have to wonder what “coming up to date with the IRS” actually means to you. The IRS primarily enforces and collects, income tax. If you have no taxable income, then you owe the IRS nothing.If you want to leave the life of homelessness behind, and become a taxpaying citizen again, all that you really need to do is get a job. If you are hired by a legitimate employer, you will be required to give them your Social Security number. With each paycheck, some of your earnings will be withheld by your employer to be sent to the IRS. That’s all you really need to do.
I haven't done taxes in 3 years.?
Short answer: just file them. The IRS doesn't want you in jail or anything, they want you working hard and paying more taxes. If you want more specific instructions, here goes: First, file the normal return for 2014. That's what everyone is doing right now. Just get it over with. Then, go down to the nearest IRS office, and just tell them you haven't filed for three years. They WILL NOT arrest you or anything. What they will do is give you a printout with the income data they have for you on their computer, and some blank forms for the years in question. I'm assuming that you have a normal job, and just take the standard deduction. Just do the forms, one year at a time (so you don't get confused). Or you could go to a tax preparer, and have her/him do them for you, but that will cost somewhere between $50 and $200 per year. Then just sign the return, and mail it in. If you're like most people, you'll get a refund, but even if you owe money, they will take payments. Like I said, they don't want you in jail or anything, they want you out there working and paying taxes. Plus you can go back to the IRS and ask questions. But when you go down there, bring something to read. Nice, trashy novels work best. The Republicans just cut their budget (again!), so the wait time is even longer this year.
I haven't filed my tax return for the last 4 years, what should I do?
WELL file oldest returns QUICKLY. IRS will only give you refunds going back 3 years. April 15 will snuff out another refund for you. Income at that level REQUIRES that you file, but if a refund is due, there will not be interest and penalties that you face if you owe. You don't need a lawyer, you need a tax preparer or tax software. You can use free efile at irs.gov for this year's return. Many of those sites also have prior year returns. Only current year returns (2007) can be electronically filed, others are paper returns mailed in. Gather your stuff and get it done, year by year. You'll feel so good once you've done this. Block and Jackson Hewitt can do past year returns and take walk-ins and appointments.
Haven't done income tax in 15 years...help!!?
Since he has not filed, the statute of limitations on collections (which is ten years) has not began running. As a matter of principal, they usually only ask for six years worth of returns in a case like this. Your father will need to file 6 years of tax returns to get caught up. There could be several reasons the IRS has not contacted him in the past, but taking care of this now instead of later is definitely in his best interests. As for what they could do if he doesn't file, they could file a substitute return based on the information they have, and begin to levy his accounts (or even garnish his Social Security Income) for the tax liability plus penalties and interest they calculate. There are many ways to obtain the information he would need to file the returns if he doesn't have access to it. Update us if this is the case. Hope this helps, and any other questions please ask!!
Haven't Filed Taxes in 5 YEARS?
He won't have a W-2 from the construction job, because with the construction company paying him with a business check they are treating him as an independent contractor. I'm surprised that the IRS has not contacted your fiance yet, as I would think that the construction company would have given him a 1099-Misc at year end. Your fiance has been considered self-employed for those 4 years (I'm assuming that for the 5th year he was on payroll and getting a W-2?) and needs to file tax returns and file a Schedule C to report the monies paid to him by the construction company, and also any expenses he had with earning the money. Your fiance will report the payments to him as income on the schedule C, and will report expenses incurred in earning the money (mileage to construction job sites, tools, equipment, supplies, etc). Since your fiance has been self-employed he will have to pay Self-Employment (SE) tax in addition to the regular income tax (he will also need to file state income taxes as well). Self-Employment tax is 15.3% of 92.35% of net self-employment income. In addition to the SE tax and regular tax your fiance will have to pay penalties and interest on those years. His best bet is to look in his local yellow pages for a CPA/Tax Preparer and contact that person to prepare his taxes. That way the CPA/Tax Preparer can take every expense that your fiance is legally entitled to take in earning the money that he earned. If for some reason that your fiance is owed a refund for any of those 5 years he can only file a return for a refund for the last 3 years of returns (2004, 2005, 2006). That is the statute of limitations for filing and getting a refund. There is no statute of limitations if you owe taxes and have not filed a return. Your fiance should not have put off filing his tax return, but at least it's a good thing that he is willing to straighten out the past. Just to let you know though, that if you and he do marry and you file a joint return, the irs can take a refund for the joint return and apply it against his past tax liabilities.
Canada: I haven't done my (Canadian) taxes in six years, what should I do?
Get in contact with an accountant who specializes in taxes, explain the situation, and get your paperwork in.You are not the only person to have gone years without submitting their taxes. Revenue Canada is not going to beat down your door, or send out professional thugs for your kneecaps. Revenue Canada hasn't lost track of you and by this time, if you owed them money, you would know.Your tax file will be received, handled by the appropriate department and processed. Revenue Canada will be in touch with their findings, but if you were able to have the aid of a tax accountant, the questions should be straightforward and not difficult to answer. It might take a few months to get everything cleared up, so don't be surprised if Revenue Canada needs a bit more time with your file.I don't recommend waiting another six years due to anxiety, because not filing is weighing on you, obviously...and as I'm sure you're aware - anxiety builds "interest" in keeping you damn near crippled.Breathe deep, focus on one task at a time and you'll get there. After everything is said and done, you can review that paper tiger and set the bugger on fire, if you want!Good luck!
How do I file taxes if I haven’t filed in 5 years?
This depends on the exact situation. Sometimes this is a trivial issue, and sometimes not. A professional should be consulted.For some IRS information, see Important Facts about Filing Late and Paying PenaltiesFiling Past Due Tax ReturnsSome good tips can be found here: What to Do if You Failed to File Tax Returns -- The Motley FoolBut absent knowing the exact circumstances, such as the reasons for nonfiling, the amount in issue, and other factors, specific advice can’t be given.Consult a reputable CPA.
I haven't received my Tax return transcript yet??
Hey everyone, the tax return transcript should've come in a while ago. I ordered it on April 14, a Monday and should've been here a few days ago. They say it takes 5-10 calender days but clearly it's passed that. Is that normal for it to come later than 10 days?