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| *Ostroff, Fair and Company>>>Canada Taxes |
If I haven't filed my income tax returns in a few years, can I file for 2005, and the rest later? |
If I haven't filed my income tax returns in a few years, can I file for 2005, and the rest later? Yes you can but if you wait too long they will audit you Depending on whether you owe the government money and how much, financial penalties on taxes owed can be substantial and will grow the longer you wait to file. you could but you should go back to the last unfiled year and determine the tax liability or refund. As soon as you file for 2005 the irs computers will check all prior years Yes I think you should be able to but you probably should just get it all out of the way at once! Yes you can but if you owe the IRS for the other years this might tip off an audit. If you send in the years that you have not done before the IRS audits you it will be easier for you! |
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