I am more than 5 years late in filing my taxes. I have also been garnished. Once I file my late taxes and get caught up would I get any funds back if there is an overpayment and get any of my credits for deductions? What should be done first? Does 2007 taxes have to filed to avoid further complications and get my potential deduction credits? If I get caught up with my taxes, do i still need an attorney?
1 Answer from Attorneys
You do not say whether this is with the Federal or State government, or both. Here's an answer as to both.
Both will only refund back three years.
Maryland assesses further back in time than they refund. Maryland applies an interest on all amounts due calculated using 1.08% per month. The IRS will not give you a rate to use to calculate interest.
You should acquire assistance with this matter as it presents administrative challenges.
Contact me for assistance.
Related Questions & Answers
Eleven years ago, the deed to my mother's house was put in my name when she died.... Asked 2/15/11, 11:03 am in United States Maryland Tax and Taxation Law
I have shared custody of my son and our arrangement is that i have him from sat 6pm... Asked 1/24/11, 11:47 am in United States Maryland Tax and Taxation Law
Here is my IRS Question: A bank sent “False/Fraudulent” 1099-INT statements to the... Asked 1/19/11, 9:01 am in United States Maryland Tax and Taxation Law
My husband is involved in an LLC for a large apt building. The LLC has decided to... Asked 9/20/10, 10:17 am in United States Maryland Tax and Taxation Law
I open a store in my name for my father , and my father never paid the taxes on the... Asked 8/25/10, 12:50 pm in United States Maryland Tax and Taxation Law