1999 taxes not filed ( IRS owes you )1000. 00 extra was withheld above taxes?Will they credit you?
Answer:
Unfortunately you wouldn't be able to get the $1k.
IRS do not automatically refund tax payers money. You have to amend your tax return as soon as you discover the mistake. However, you can only do 3 years back.
Best wishes.
I asked the IRS about this once. They told me you have to file a return to get a refund. As far as crediting next year, I don't think it's automatic. I'd suggest calling the IRS (they have a toll-free number listed in your phone book) and ask to speak to a representative. They're actually very helpful, and most are polite about it. I'm sure they can help you know what you should, or can, do.
NO. the 3 year rule work this way. 1999 federal income tax return is due april 15, 2000. 3 year from 2000 is 2003 so april 15, 2003 is last date you can file to get a refund or in your case a carryforward to the next year. other wise your out of luck.
Rule is set up so that you have 3 year to sent in you tax return. That is what they call a "reasonable amount of time to file a tax return."
Should you fail to do that then the trust fund for those year are gone and you can't get you refund back to do what ever you want with this. any other year is illrevent to the year in question.
got it? you don't have to like it but but it is what it is.
To add to the discussion, however if you owe them the three year rule does not apply!
This comes directly from the IRS Publication:
Statutes of Limitation
Another reason to file is because the clock is running on any refunds due. In cases where a return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim the refund within the three years, the money becomes the property of the U.S. Treasury. After the expiration of the refund statute, not only does the law prevent the issuance of a refund check, it also prevents the application of any credits, including overpayments of estimated or withholding taxes, to other tax years that are underpaid.
On the other hand, the statute of limitations for IRS to assess and collect any outstanding balances does not start until a return has been filed. In other words, there is no statute of limittions for assessing and collecting the tax if no return has been filed.
The IRS looks at each year's return separately, and does not carry over overpayments from one year toward the next.
And unfortunately it's way too late, as you say, to request a refund from 1999.
They have changed their procedures now to where, if your return shows xxxx paid in and you really paid more than that, so you have an overpayment, they do automatically recognize that and notify you. I don't think that was happening in 1999 though - and in any case, it's too late now.
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