File Tax

Submitted by spagadala on Sat, 07/11/2009 - 13:44

I started working from 1ST JULY 2005. I worked in India till MARCH 2007. I moved to USA after that and i did not get time to file my taxes. Now i am bank in india from past one year. Currently not working.I have worked for 3 companies from JULY 2005 to MARCH 2007.Can i file my taxes now for the year 2005 to 2006 and 2006 to 2007. If so, how can i file them. My Tax payable/ refundable for 2005 to 2006 is zero and for 2006 to 2007 is -7523. Do i have to pay any fine? I dont have to pay any taxes instead i need to get 7523. Will i get the amount? Please help!!

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You don't file sole prop.

Submitted by ChristineOili on Mon, 02/15/2010 - 18:59.

You don't file sole prop. business separately. It's a Schedule C that goes with your personal tax return. If anyone who you performed cleaning for reported the payments to the IRS they will eventually notify you and you will have penalties and interest on top of taxes due.

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hi friends, You pay by credit

Submitted by ChristiEmily on Sat, 01/09/2010 - 15:23.

hi friends,

You pay by credit card, fax them the documents, they file the returns for you, and the refund is automatically credited to your bank account.

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at first step cannot persue

Submitted by skj3266 on Mon, 07/20/2009 - 11:42.

at first step cannot persue further b'cos one lock is appearing (secure site)

Filing of return is mandatory

Submitted by navin on Wed, 07/15/2009 - 10:15.

Filing of return is mandatory for tax payers. If you donot have a taxable income then you may opt for filing or no filing.

Tax payable = 0 is not the end of tax returns. The Govt. cannot use the money (taxes paid) until a return is filed.

Since you have already delayed extra-ordinarily in filing your tax return, there could be penalties associated with late filing. I will suggest to prepare your tax returns for all the years that you have not filed and submit the same to IT department at the earliest and hope that they donot levy penalty for the same.

For your refunds, it will not be processed until the return is filed. So go ahead and file your returns asap.