I Am Trying To Find Out If It Is Too Late to File a Return?
It is never too late to file a return with the IRS or State Tax Authorities.
If you are required to file a return, both taxing authorities will eventually file a return on your behalf, also known as a Substitute for Return.You will have a balance due, usually inflated, and thus begins the clock ticking on collection action, such as; bank levies, wage garnishments, and lien filings.
If you are expecting a refund from the IRS, you will want to file the return ASAP as the statute of limitations on refunds will run out.The statute states a return must be filed within three years of the due date or your refund expires.If you file a return late and made a payment within two years of the filing date, you may be able to receive a partial refund, depending on the amount you paid.
If you are expecting a refund from the State, most states follow the same rules as the IRS, so it’s best to file as soon as possible.
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