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? asked in Business & FinanceTaxesUnited States · 10 years ago

If you have to file a lot of years in back taxes. Is it better to go from first to last or last to first?

If you haven't filed and you have to. Which way would you go? Why?

6 Answers

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  • Bobbie
    Lv 7
    10 years ago
    Favorite Answer

    THE only correct and smart way to take care of this problem that you have to accept responsibility for creating for your self at this time in your life.

    Just get started with the oldest one and fill it out correctly and completely and then move upward to the next tax year 1 at a time until you do get to the current 2010 tax year and get it filed NOW ASAP after you get ALL of the others correctly completed signed and 2 copies 1 for your records and the other one signed with each year in a separate envelope with the year noted on the left side of each envelope to indicate the tax year that is inside th envelope with the correct amount of postage and the correct IRS address so that the IRS will accept each one at that time and then start the processing of each return for that time period and purpose.

    Hope that your find the above enclosed information useful. 11/02/2011

  • 10 years ago

    Oldest to newest because there may be something on an old year that affects a subsequent year. Each return should be mailed in a separate envelope. If you mail a batch together they are likely to be stapled together and some won't be processed.

  • 10 years ago

    Start with the earliest and work to the present. This will help decrease the overall interest on any money you owe.

  • 10 years ago

    It would behoove you to file in chronological order as there may be a capital loss carryover from year one to year two to year three, etc., etc.

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  • Anonymous
    10 years ago

    First to last if anything involves a carryover. Since the IRS wants all of them, it really won't matter until you get all of them turned in.

  • tro
    Lv 7
    10 years ago

    get the oldest filed asap, the longer you delay the more it will cost you if you owe money, interest is added daily

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