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If you do not file an income tax return the IRS will send a request for it (assuming that they had enough income reported to them to believe that you were required to file one).
If you still don't file one, usually within a few years, the IRS is authorized under Section 6020(b) to file a return on your behalf based upon the information that was reported to them. This is called a "Substitute for Return" in IRS lingo. Once they file that return, one of two things will happen:
- If they show that you were due a refund, they will stop the process (they will not voluntarily send you a refund if you did not go to the trouble of preparing a return).
- If you owe money, they will assess it and begin collection action against you.
Of course, the IRS can only prepare a tax return based upon income that is reported to them. This means that if you do not have income reported to you via a W-2 or 1099, they likely have no idea what kind of money you are or are not earning.
If you are in such a situation, it is possible that you can go years and years (or forever) without filing a return and, because the IRS doesn't have any information about your income, they will never prepare a return for you.
Wiki User
∙ 11y ago
Wiki User
∙ 15y agoIf you don't sign your tax return, the IRS will send you a letter notifying you that it was not signed. You will be able to sign a statement on that letter and mail it back rather than having to mail in a new return. If you do not return that notice to them they will not process the tax return.
ANSWER: If you are liable for the tax and subject to the Personal Income Tax laws then filing and signing a valid income tax is required of you. If you are not subject to the law then you are not liable for any tax and as such not required to file and sign a valid tax return. It would not be valid as you are not subject to this law. Are you subject to the Personal Income Tax Law? Have you been made liable for a tax? If you have it is clearly stated in the law. Have you read the law? Yes? Was it clearly stated you were liable for a tax? No? Must mean you're not liable for any income tax.
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Is a contractor supply labor can file Income tax return under section 44AD?
how to file submit incometax return inlabour contractor
I dont have the social security number for my dependents can I file?
You can file a paper return, but your claim will be rejected. You cannot efile. You can either file now without the dependents and file an amended return after you get the information or you can file an extension now and then finish when you get the information.
You have income of 700 a month from an annuity Do you have to file incometax?
Legally this depends upon the state in which you live. With the "Stimulus Bills" you should file anyway so you can get an extra refund check.
Do you have to file taxes if im an at home mom...what if i dont have a job?
If you are unmarried and have no income you do not need to file. If you have a spouse that works then you must file a joint return.
Do you have to return Lowe's merchandise after you file for bankruptcy?
No you dont. It is considered used and paid for when it comes to merchandise.
who has to file a return ?
Who has to file a return
What happens if you do not file income tax for one year?
It really depends on your individual situation. If you dont file taxes and then you owe then you are subject to penalties and fines for filing late as well as interest on the debt that you owe. If you are entitled to a tax return and do not file nothing comes of it. You can go back for up to three year and file, but after three years that statute of limitations runs out.
What happens if you save the file from zwinky?
nothing you dont get any spyware malware or adware! so save zwinky dont run it!
What happens if you file a false tax return?
Punishment can include fines, imprisonment, monetary penalties, and interest charges.
Do you have to file a tax return if you made 7000 dollars?
If you are being claimed as a dependent on your parents or anyone else's return then you will have to file a tax return. If not then no you don't have to file a return.
You are a retiree and dont file taxes do you qualify for first time home buyers tax credit?
Yes, the credit is fully refundable. You will have to file a tax return to claim it, however.
If you dont owe any taxes will you be penalized for filing your federal income tax return after April 15?
Yes. You have to still file your return. You could be due a refund. Also, if you don't file by April 15, or file an extension, you could have to pay a penalty. It may lessen the amount you are refunded.
