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    paroma's Avatar
    paroma Posts: 32, Reputation: 1
    Junior Member
    		  
    #1

    Feb 7, 2009, 01:29 PM
    Filling back taxes
    1, Is it possible to fill 07 & 08 tax returns together?

    2, filling 07 tax return now will be subjected to some penalties and what are those penalties.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 12, 2009, 02:26 PM
    1) You CAN mail both returns in the same envelope, but I do not recommend it. The IRS themselves say submitting multiple returns in one envelope results in a MUCH nigher possibility that one or more of the returns will get lost.

    2) If you are due a refund for the 2007 return, you will pay NO penalties and NO interest. In fact, the IRS will pay YOU interest on the refund amount.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Feb 12, 2009, 02:27 PM
    1) You CAN mail both returns in the same envelope, but I do not recommend it. The IRS themselves say submitting multiple returns in one envelope results in a MUCH higher possibility that one or more of the returns will get lost.

    2) If you are due a refund for the 2007 return, you will pay NO penalties and NO interest. In fact, the IRS will pay YOU interest on the refund amount.
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