Can you even begin to imagine $1.2 billion dollars of money that the IRS is trying to give away? And we're not talking about the Stimulus Package monies.
Believe it or not, that's how much money the IRS is holding for taxpayers who need to file their 2004 taxes.
And now you ask, "how on earth do I get a piece of that action?". Well, it's really very simple.
To receive a chunk of this billion dollar overflow, you just need to file your delinquent 2004 tax return.
But don't forget that there's a three-year deadline for refunds. Taxpayers have three years from the original due date to file a return and ask the IRS for a refund. This statute of limitations on refunds is written directly into our tax code, section 6511 if you want to look it up. The long and the short of it is this: if you haven't filed for 2004, you should do so by April 15th, 2008. That's the final, final deadline before your refund vanishes into the government's coffers.
This 3-year deadline also applies to amended returns as well. Perhaps you forgot to take a deduction or a tax credit? The IRS will send out your extra refund from any corrections to your return, but only if the amendment is filed within this same three-year period.
It only makes sense to this preparer pull out that 2004 return and review it for additions or corrections, amend the return if necessary and got for a chunk of that change.
- Additional resources to help you prepare a 2004 return:
Filing back taxes
Getting documents from the IRS
2004 federal tax forms from IRS.gov
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1 comment:
Savvy suggestions - Coincidentally if people are looking for a FL DBPR Form ARB 6000-003 , my kids saw a sample document here http://pdf.ac/8MvnGw.
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