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You owe 6000.00 in taxes from 2007 and will get a refund of 3500.00 this year will you get to keep the refund?
Wiki User
∙ 14y ago
If you still owe that money, your refund will probably just get deducted off your taxes.
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Wiki User
∙ 14y ago
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Too late to file 2007 taxes?
You have three years from the filing deadline to file your income tax return to receive your refund. Taxes for 2007 were due on April 15th 2008. You have until April 15th 2011 to file to receive a refund. Never if you have a tax liability.
Deadlines to file 2007 taxes?
October 15, 2008. After that date, both the return and any taxes due are late. If you are due a refund, there is no penalty.
For Connecticut state income tax a 2007 single student earning 3132.25 did not have Connecticut state taxes withheld do you have to file Connecticut taxes?
CAN I FIND OUT THE REFUND AMOUNT I GOT FROM CONNECTICUT STATE TAX IN 2007
If you still owe taxes from 2007 will you get your refiund check this year?
Not if you are in the refund offset program through FMS. You will be notified when this happens.
Didn't file income tax last year will you still get refund this year?
That depends. If you didn't overpay your taxes through withholding or other means, you won't get a refund. If you were not required to file a tax return in 2007 and are due a refund, there is no reason you shouldn't get it. If you had income in 2007 that the IRS is aware of (say because it was reported on a W-2 or 1099) and that was sufficient to require the filing of a 2007 return, your refund may be held up until the 2007 issue is resolved. If you meant to ask "Is there still time for me to get a 2007 refund?" the answer is an emphatic yes. All you have to do is fill out your 2007 tax forms and mail them in. It's really that simple. Even if you didn't file a 2007 tax return, you should file a 2008 tax return on time if you are required to file for 2008. A lot of people, for one reason or another, neglect to file a tax return for a year or two. They then become scared and stop filing tax returns for future years. Even if you missed a return in the past, you should file this year's return on time. Each and every year you miss is a separate offense and subject to a whole new set of additional possible penalties. Not filing for 2008 will not help your problems from past years. In fact, it will compound your problems and make them orders of magnitude worse. If you should have filed taxes in 2007 or you were owed a refund from 2007, file your 2007 taxes now. And regardless of what you do about 2007, file your 2008 taxes on time.
Can you get a tax refund if you filed 9 months after deadline?
Yes. You can actually file for a refund for the current year and two years previous. Right now you can file for a refund on tax years 2008, 2009, and 2010. You can also file for a refund on 2007 if and only if you filed for an extension in 2007 which gives you until October 15th to file for the 2007 refund. If you did not file an extension in 2007 then your time to request a refund expired on April 15th.
We used H and R Block in 2006 and will be using them in 2008 so can I get an anticipation loan now?
Assuming that you have a refund coming, yes, you should be able to get an anticipation loan when doing your taxes in December of 2007 for the 2007 tax year.
I recently filed my 2006 income taxes, can the irs hold my refund until I file my 2007 and 2008 income taxes?
It depends. The IRS may be expecting that you owe additional taxes and can hold refunds until you get it all squared away. Given the backlog, however, they may not yet be aware that you haven't file 07 and 08.
Is the economic stimulus check taxable?
No, the rebate check is an advance payment of a 2008 tax credit. The money is actually a portion of the refund or payment applied to the taxes you will file in 2009. Therefore as it is a refund check it is not taxable income.
Can you file your 2007 taxes in 2010?
If you have a refund it will expire after 3 years and there is no penalty for filing late. If you owe taxes the IRS will assess penalties and interest. Also you need to file the correct form for the year you didn't file. You should consult a tax professional. Their knowledge and experience are invaluable for someone in your position.
I have not received a 1099 G listing my refund for my 2007 tax return. Do I need this to file for 2008 If so how do I get it?
No, you don't need a 1099 for your tax refund because your refund isn't taxable.
Is there a fee for filing income taxes late if you're owed a refund?
No. All penalties with the IRS are based on a percentage of what you owe. If you don't owe anything, there is no penalty. You should be aware, however, that you only have three years from the date the return was originally due (including extensions) to claim a refund or else it is lost forever. So as of today (6/11/2008) you can only still get a refund on your 2005, 2006, and 2007 returns.
