Discussion:Filing delinquent 1040s - order
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Discussion Forum Index --> Basic Tax Questions --> Filing delinquent 1040s - order
Discussion Forum Index --> Tax Questions --> Filing delinquent 1040s - order
| 20 August 2008 | |
| I have a potential new client who hasn't filed since 2004. Are there any good reasons not to file 2005-2007 in sequential order? They have a schedule C and I expect them to owe at least SE tax for each year.
-David | |
Michaelstar (talk|edits) said: | 20 August 2008 |
| No. Preparing those past due returns in sequential order I feel is the proper method to address your question. Receive $$ as a retainer first. | |
| 20 August 2008 | |
| Bjeter, I have filled in my profile. I hope you approve. | |
| 21 August 2008 | |
| David-cpa
First get a signed power of attorney Second get a retainer that will cover at least 2000 through 2007 Third call the IRS to determine what they consider outstanding and take it from there. taxea | |
| 21 August 2008 | |
| Most of our new clients have never filed. We typically file them all at once with a reasonable cause request. | |
| 21 August 2008 | |
| We always try and file in sequential order so that any depreciation or capital loss carryovers can be picked up without having to amend returns. Taxea's advice is right on. I have found that the IRS is usually willing to be flexible and grant extensions of time to file once they know the taxpayer is addressing the situation. Also suggest following up Guya's advice to throw in a request to abate penalties. As they say "couldn't hurt". | |
| 21 August 2008 | |
| The only time I have ever filed returns out of order was when a refund statute was about to expire and I could not get the older ones done in time. | |
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