Ask Experts Questions for FREE Help !
Ask
    carlosgodivez's Avatar
    carlosgodivez Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 2, 2009, 11:01 PM
    Filing for 2005-2006 tax refund, is there penalty fee for filing it now?
    Hi - I was a foreign student on F1 visa in the United States and had a very brief internship back in 2006 and 2005. I did not file my tax return for either years, but based on my calculation I was supposed to get a tax refund for both year (about 1-2k refund in total). I am no longer studying or living in the US since middle of 2006, but I am now thinking about filing a 1040NR from abroad for these two years and get my refund. So my question is, will the IRS slap a penalty fee for not filing tax return even though they owe me tax refund?

    Please let me know whether I should file and what the risks are (and if it's worth filing). Thanks!
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Apr 2, 2009, 11:35 PM

    If you owe tax, you will not pay any penalty.
    But for 2005 tax return, the last date is April 15, 2009. If you miss this date, you will not get the refund.
    So if you can not do it yourself, get professional help. Do not miss the date.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Filing the 2005 taxes if I owe [ 3 Answers ]

I have not filed my taxes for 2005 and it looks like from my calculations I will owe money. I just filed my taxes for 2006 and 2007 and I will be getting a refund. My taxes were a little more complicated for me in 05 because I took money out of my 401k untaxed to by my first home so that...

Filing status as Married Filing Jointly or Filing Separately [ 1 Answers ]

Hi, I have been in USA on L1 for the following time period: May 2006 to January 2007. August 2007 till Date. According to the substantial presence test, I completed my 183 days in US in November 2007. So during 2007 I was a dual status alien. My non-working spuose and year old...

Tax filing when on both F1 and H1-B in 2006 [ 3 Answers ]

I am a resident of India. In 2006 I was on F1 status until October 2006 and then on H1-B status from Oct 2006. My husband who is also an Indian citigen is on F1 status for the year 2006. How do I file the tax returns, joint or single? Which form I have to use? Can I go for standard deductions...

Penalty fee for filing tax return late [ 1 Answers ]

Hello, I have been asked by the IRS to file tax return for the tax period 12-31-2005. By the time, I was an international student in the U.S. working as an independent contractor. I received the 1099 Misc Form from my former company showing the total amount of 18600 USD in box 7. Since I...

Questions regarding tax filing for 2005- OPT to H1B [ 1 Answers ]

Dear Tax Expert: I have some questions to clarify. Will that be possible to send private email. If so please provide me with the address. Thanks in advance Suk


View more questions Search