Same time limit for amended return when original filing years late?

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Subject Author Date Same time limit for amended return when original filing years late? Bobby 08-24-2009  Re: Same time limit for amended return when origin... D. Stussy 08-24-2009   Re: Same time limit for amended return when origi... Steve Pope 08-24-2009  Re: Same time limit for amended return when origin... D. Stussy 08-28-2009
Posted by Bobby on August 24, 2009, 1:20 pm Please log in for more thread options Is there still the same time limit for an amended return when the original filings were years late? I'm more than 5 years late filing my Federal income tax returns, and I'm having trouble filling the forms out correctly. I have a deadline that I don't want to miss. One place i read that an amended return can be filed up to 2 (or 3) years after the filing the first return, and up to 3 (or 3) years after the taxes are paid. It doesn't say whether that applies even when someone is as late as I am. (I wouldn't need years, only 3 to 6 months, Not only would my correctly caluclated tax bill be lower, but the compound interest and maybe the penalties?? would be lower if the original tax amount were lower. I never wanted to avoid paying taxes. It's just one of many things I didn't do (like go to the doctor when I should have), even though I worried about it. Thank you. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by D. Stussy on August 24, 2009, 9:09 pm Please log in for more thread options > Is there still the same time limit for an amended return when the > original filings were years late? > > I'm more than 5 years late filing my Federal income tax returns, and > I'm having trouble filling the forms out correctly. I have a deadline > that I don't want to miss. One place i read that an amended return > can be filed up to 2 (or 3) years after the filing the first return, > and up to 3 (or 3) years after the taxes are paid. It doesn't say > whether that applies even when someone is as late as I am. (I wouldn't > need years, only 3 to 6 months, The rule is 3 years from filing or 2 years from paying, whichever is later. Note that a subsequent amendment claiming a refund can only refund payments made within the period. As withholding is considered as paid on the original due date, that's why a refund of withholding is impossible after 3 years. > Not only would my correctly caluclated tax bill be lower, but the > compound interest and maybe the penalties?? would be lower if the > original tax amount were lower. > > I never wanted to avoid paying taxes. It's just one of many things I > didn't do (like go to the doctor when I should have), even though I > worried about it. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Steve Pope on August 24, 2009, 9:21 pm Please log in for more thread options >The rule is 3 years from filing or 2 years from paying, whichever is later. >Note that a subsequent amendment claiming a refund can only refund payments >made within the period. As withholding is considered as paid on the >original due date, that's why a refund of withholding is impossible after 3 >years. Are estimated payments treated the same as witholding in this regard? Steve -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by D. Stussy on August 28, 2009, 9:22 am Please log in for more thread options > >The rule is 3 years from filing or 2 years from paying, whichever is later. > >Note that a subsequent amendment claiming a refund can only refund payments > >made within the period. As withholding is considered as paid on the > >original due date, that's why a refund of withholding is impossible after 3 > >years. > > Are estimated payments treated the same as witholding in > this regard? Yes, since they are due BEFORE the due date of the return. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Filing for first time in 10 years... January 26, 2007, 11:52 pm Statute of limitations start time for amending late filed IRS return May 20, 2008, 12:35 am Filing amended return ? ? ? 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