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If the IRS owes you how long do you have before the IRS does not have to pay you?
Wiki User
∙ 11y ago
You can file a claim for refund within the later of:
1. Three years after the tax return was originally due
2. Two years after payment was made.
If you had withholding from your paycheck, that is considered paid on the date that the return was due (so your withholdings from 2007 are considered paid on April 15, 2008).
So right now, for individual income taxes you can only file a return and get a refund for 2006, 2007, and 2008 (you could have filed 2005 and gotten a refund still as late as April 15, 2009 because it was due on April 15, 2006). Note that this response was written in October 2009 for reference.
Wiki User
∙ 11y ago
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Do you owe a penalty if you do not file before April 15th and the IRS owes you money?
An automatic extension is granted for filing, but you must pay by the April deadline if you owe something.
If ex-wife owes half of IRS debt and now files bankruptcy is spouse liable to pay her portion?
If ex-wife owes half of IRS and now files for bankruptcy, spouse may be liable to pay his portion if the debt was is a joint account. Otherwise, spouse will not be held liable for any portion thereof.
What type of guidance does the IRS give a taxpayer who owes taxes but cannot pay them?
The IRS gives much guidance on taxpayers who owe them money but cannot pay. One can request additional time to pay them through their website while they recommend getting a loan to pay bills in full.
How does the IRS program Offers in Compromise work?
An offer in compromise allows one to settle tax debt for less than the full amount one owes. In order to qualify for this the IRS considers ability to pay, income, expenses, and asset equity.
How do you persuade your husband to file his income tax for the last two years?
Remind him he has to pay interest on any money he owes! More money to the IRS = less money for fun stuff.
What if you do not file taxes one year?
If either Federal or state income taxes were not filed in the past here, the IRS and state treasury officials should be notified. Perhaps they were no filed due to illness. Explain the circumstances of the situation and be prepared to pay a fine plus interest if an amount is owed. If the IRS owes a person money it's allot better than if a person owes the government money.
Is there a statute of limitations on income taxes owed by a deceased person?
First, it is the legal responsibility of the person who has possession of the property of the decedent to pay their legal debts. If the decedent owes income taxes at the time of death, those must be paid if there are any assets. The debts must be paid before any assets can be distributed to the heirs. The IRS can file a lien against a delinquent tax payer and the lien is good for 10 years.First, it is the legal responsibility of the person who has possession of the property of the decedent to pay their legal debts. If the decedent owes income taxes at the time of death, those must be paid if there are any assets. The debts must be paid before any assets can be distributed to the heirs. The IRS can file a lien against a delinquent tax payer and the lien is good for 10 years.First, it is the legal responsibility of the person who has possession of the property of the decedent to pay their legal debts. If the decedent owes income taxes at the time of death, those must be paid if there are any assets. The debts must be paid before any assets can be distributed to the heirs. The IRS can file a lien against a delinquent tax payer and the lien is good for 10 years.First, it is the legal responsibility of the person who has possession of the property of the decedent to pay their legal debts. If the decedent owes income taxes at the time of death, those must be paid if there are any assets. The debts must be paid before any assets can be distributed to the heirs. The IRS can file a lien against a delinquent tax payer and the lien is good for 10 years.
Can you use the house you inherited as collateral to pay off creditors the estate owes to pay them off?
Yes, this can be done. There may have to be a new mortgage before the property can change hands.
Can IRS pay delinquent state taxes?
Yes, government debts can generally be offset by government payments (in fact, in part due to public uproar...most governments have apssed laws saying they will not pay anyone who otherwise owes them money)..and States and Feds co-operate.
What is a dead beat?
A deadbeat is someone who does not pay what he owes.
What happens when a person owes more money then he can pay to creditors?
If a consumer owes money, they should always make some payment, however small and as much as they can. Never pay nothing. The more you pay the less interest you will pay in the long run. Do not have the attitude that the balance is wrong so I won't pay anything. If you owe money you will be charged interest every day until the debt is settled in full.
Your friend owes a lot of back taxes you are on his checking account to pay his bills for him you do not use the account as your own Will you be responsible if the tax man cometh?
no, as long as you don"t co-mingle your money w/his and keep your acounts separate from his. you can be co-signature on his account if IRS decides to attach his account don't have your money in it. or you will lose
