5 year later owed taxes?

City taxes are the worst. And unlike the IRS and most states, most cities don't have a statute of limitations on city taxes. Five years is nothing. I got a bill for city per capita tax 14 years after the fact. After 14 years and 4 moves, I no longer had the cancelled check (the bank only keeps them for 7). So I wrote them a check for $45 for a tax that was originally $10.

Did you live in the city for the year in question? Did you only live there for a portion of the year in question? If you didn't live there that year, there should be no tax. If you only lived a portion of the year, you may only owe a portion of what they say. You will most likely have to call or visit the city's tax agency to see what your recourse may be.

He needs to call the IRS and clarify what surpassed off.I actual have been on the fast end with the IRS quite a few circumstances in the previous and that i will inform you there is no longer something to concern, particularly for the reason that he thinks there might have been years while he could have gained a reimbursement. the IRS is rather effectual and each and every time I actual have stated as them they have been very sturdy. by assessment, in case you have ever been late on a credit card fee, the way the banks manage you is lots worse than how the IRS will manage you. he would be situation to late submitting effects on all years he did no longer report by the due date. additionally, for any years there grow to be tax due he would be situation to pastime and effects. right that's some thing from the IRS internet website: submitting a late return might no longer be as complicated as you think of. Taxpayers could report all tax returns that are due, inspite of no rely if or no longer finished fee could be made with the return. based on somebody’s circumstances, a taxpayer submitting late might qualify for a fee plan. All fee plans require persisted compliance with all submitting and fee household projects after the plan is authorized. whether, finished fee of taxes saves you funds. Failure to report a return or submitting late could be severe priced. If taxes are owed, a delay in submitting might consequence in penalty and pastime costs that could desire to boost your tax invoice by 25 % or extra. you will possibly be entitled to a reimbursement. whether, to get your refund, you could report a tax return interior 3 years of the unique due date of the return, or 2 years from the time you paid your tax. in case you owe tax and don't report on time, the finished late-submitting penalty is often 5 % of the tax owed for each month, or area of a month that your return is late, as much as 5 months. in the journey that your return is over 60 days late, the minimum penalty for late submitting is the smaller of $one hundred ($one hundred thirty five for returns required to be filed after December 31, 2008) or one hundred% of the tax owed. He could report as quickly as attainable. waiting longer will in basic terms boost the fees. he won't flow to penitentiary or get in difficulty until he commits fraud or refuses to pay.