Penalty For Filing Tax Return Late
Question: 2006 tax return did not get filed and i had no power of attorney and they say i owe late penalties for not fil?
2006 tax return did not get filed,because i was in prison and had no power of attorney.state was sending late penalties while was locked up until 2009.now tax return was filed this year.Will they take return and stop penalties or will they still try to get late fees?tax return said i was owed money for that year.
Answer: Your refund will be applied to what you owe. If you were charged a penalty for late filing you may have reasonable cause for the delinquency.
HMRC Late Payment Fines 2011
Filing Tax Return With No Income
Question: what to do if income tax return is filed with tax payable & that tax paid at later date?
This is a query related to late payment of self assessment tax. I had asked a consultant to file my income tax return. It seems I suppose to pay some amount, but he filed my return on 31st July by mentioning that amount as tax payable. Then he asked me to pay that amount plus some interest amount for that month, so I paid it in a bank on 9th Aug & received the counterfoil. I then asked the consultant to get acknowledgement endorsed that tax payable is already paid. But he said there is no such thing called endorsing acknowledgement. He said I just need to keep both acknowledgement & counterfoil with me. And produce those if income tax department ask for it in the future time.
Is this process correct that I just need to keep both acknowledgement & counterfoil with me? or should I need to get my acknowledgement endorsed for the tax paid ? Please let me know the process.
Answer: You (may be through your consultant) can write letter to the concerned official and attach Xerox copies of the paid challan.
The acknowledgement of letter will be sufficient.
I hope it will serve the purpose.
By the way, what your consultant told is also correct.
IRS Issues Warning on FBAR Filing Deadline
The Internal Revenue Service is reminding anyone who has a bank account or other financial account in a foreign country, or who has signature authority over such an account, that they may be required to report the account to the U.S. Department of the Treasury by June 30 each year.
The Taxorcist, Tax To The Future, Mars At-Taxes, No Taxes For Old Men — now “A Time To File”