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If you filed 2004 taxes can you now file an amended return for that year?
Wiki User
∙ 12y ago
The short answer to your question is yes. However, it may or may not be beneficial in your situation. First, if you are going back to amend the return in order to receive a refund, you're wasting your time because the IRS will not give you a refund from more than 3 years ago (7 years in the case of a worthless security or bad debt). BUT, if you owe the IRS money right now and would be eligible for that refund in 2004 when you amend the return, that amount that would be refunded could be used to offset the amount you owe to the IRS. As a Tax Professional I've seen many cases in which the refund was used to reduce the taxpayer's liability and others where it was rejected. If you owe a lot of money to the IRS and could potentially receive a large refund by amending to reduce your debt, it is definitely worth a shot.
I hope you find this helpful. See my web page to learn more....
http://www.taxreliefsolutions.com
-Brent
Wiki User
∙ 12y ago
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How many families are in each American tax bracket?
See the Related Link below this answer. Agreeably, you may have to try and figure a way to relate number of families to number of returns. There are only 2 tax brackets and all the lower one would be in the < $30,122 category here..in fact many of that category aren't even counted as stated below. So about 1/3 of the returns are not just in the low bracket but NO bracket and don't pay but may even get money back. The IRS data in the link to the left include all of the 130 million tax returns filed in 2004 that had a positive AGI, not just the returns from people who earn enough to owe taxes. From other IRS data, we can see that 89 million of the tax returns came from people who paid taxes into the Treasury. That leaves 43 million tax returns filed by people who used exemptions, deductions and tax credits to completely wipe out their federal income tax liability. Not only did they get back every dollar that the federal government withheld from their paychecks during 2004; but some even received more back from the IRS. This is a result of refundable tax credits like the Earned Income Tax Credit, which are not included in the aggregate percentile data here. The Tax Foundation is a wonderful, non biased, non political very well respected group that compiles a huge amount of reliable information on taxes of all sorts. See the Related Links below.
Does a 14 year old sales associate at a chain department store who earns 1000 dollars per year need to file a Federal Income Tax Return?
For 2004, a 14-year-old would not need to file a federal tax return if he/she had only $1000 in earned (from a job, for example) income. If there is any bank interest or investment income, the answer becomes more complicated. He/she may want to file a federal tax return (1040EZ) to receive a refund of any federal tax withholding from the earnings.
How do you file taxes to the IRS for 2002 and 2003 if you were due refunds both years?
Do you mean you believe you are owed refunds? Or that you failed to file your taxes for the incomes for those two years 2002 and 2003 and you may owe the IRS. Either way you should contact a tax preparer or contact the IRS, they do have help lines: Such as 1-800-829-1040 IRS Tax Help Line for Individuals For individual and joint filers who need procedural or tax law information and/ or help to file their 1040-type individual returns (including Schedules C and E); and, general account information for Form 1040 Filers. Automated Self-Service Interactive Applications are also offered on this line. I meant i need to file those two years and am PROBABLY owed a refund. You only have three years to claim a refund from the date the return was due. The latest return you mentioned, 2003, was due on April 15, 2004. That means the three year deadline to claim your refund was April 15, 2007. If you were actually due a refund, you've missed your opportunity to claim it. With that said, I've added a link below for IRS forms from previous years.
Why would i pick State and local income tax deduction?
You generally want to take the higher of your state/local income taxes paid for the year, or the sales tax deduction. Which one of the two is higher is different for each person. The American Jobs Creation Act of 2004 gives taxpayers the option to claim state and local sales taxes instead of state and local income taxes when they itemize deductions. This option is available for the 2004 and 2005 returns only. IRS Publication 600, Optional State Sales Tax Tables, helps taxpayers determine their sales tax deduction amount in lieu of saving their receipts throughout the year. Taxpayers use their income level and number of exemptions to find the sales tax amount for their state. The table instructions explain how to add an amount for local sales taxes if appropriate. Taxpayers also may add to the table amount any sales taxes paid on: * A motor vehicle, but only up to the amount of tax paid at the general sales tax rate; and * An aircraft, boat, home (including mobile or prefabricated), or home building materials, if the tax rate is the same as the general sales tax rate. For example, the State of Washington has a motor vehicle sales tax of 0.3 percent in addition to the state and local sales tax. A Washington state resident who purchased a new car could add the tax paid at the general sales tax rate to the table amount, but not the 0.3 percent motor vehicle sales tax paid.
If you file a chapter 13 bankruptcy and include taxes years 2004 2005 can the IRS take your refund in 2007 for what you owe for tax year 2004?
como subio y bajo los precios en metro pcs desde ano 2004 al 2007 I believe that the IRS maintains it's right to offset (that is clearly legal/proscribed) and what is being done in something like this, even in cases of BK. Whether that right is absolutely always allowed may be another story...but unlikely it's worth fighting. The money won't go to you. (Otherwise, the refund would probably have to go to the court anyway as a pre petition asset). if a person files bankrupcy in 2009 can the IRS offset the refund
Can you still file your 2005 taxes?
yes - tax deadline for 2004 taxes was April 15th 2005. You have a 3 year statue of limitations to file 2004 taxes. They must be filed no later than April 15th 2008 or you loose any refunds.yes - tax deadline for 2004 taxes was April 15th 2005. You have a 3 year statue of limitations to file 2004 taxes. They must be filed no later than April 15th 2008 or you loose any refunds.yes - tax deadline for 2004 taxes was April 15th 2005. You have a 3 year statue of limitations to file 2004 taxes. They must be filed no later than April 15th 2008 or you loose any refunds.yes - tax deadline for 2004 taxes was April 15th 2005. You have a 3 year statue of limitations to file 2004 taxes. They must be filed no later than April 15th 2008 or you loose any refunds.
How many taxpayers are there in the US?
For tax year 2005, 134,372,678 individual tax returns were filed. Of those filed, 99,880,223 actually had a tax liability and actually paid taxes. just one corporation (Exxon Mobil) in 2004, pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers paid in 2004 (most recent year available), which is 65,000,000 people! this is for 2004 without the withdrawl of tax payers who did not pay taxes
If you filed bankrupty in 2004 how long will it be on my credit?
Bankruptcy stays on your credit report for 10 years. If you filed in 2004 it will drop off the month of your filing in 2015.
Where do you obtain 2004 earnings?
It depends on what earnings you are referring to. You should be able to get the infomration from your employer. If all your earnings were reportable to Social Security, you should be able to get the information from them. If you filed taxes, IRS will have the information in their files also.
How many times has the Texas constitution been amended since 2004?
To date it has been amended 456 times since it was created in 1876 and the most recent was the ban on same-sex marriage.
When was Return to the Rectory created?
Return to the Rectory was created in 2004.
When was Return to Nothing created?
Return to Nothing was created in 2004.
When was Return to Japan created?
Return to Japan was created in 2004.
When was Return to Evermore created?
Return to Evermore was created in 2004.
When was The Return released?
The Return was released on 02/06/2004.
What are the release dates for Rover's Return - 2004?
Rover's Return - 2004 was released on: USA: 12 June 2004 (Brooklyn International Film Festival)
What actors and actresses appeared in Return - 2004?
The cast of Return - 2004 includes: Drew Cain as Callum Monique Marrier
