We all know April 15th is the deadline for taxes, but few of us know what to do if you miss that deadline. Is there a way you can still pay your tax due? Are you forever hurt by this one mistake? What about if you didn’t just miss this year, but several other years as well. What then? Can you still file your 2008 taxes online? Or are you a hopeless case?
Here’s everything you always wondered about tax extensions, but were afraid to ask:
Can I still file a 2008 extension?
Well, no. You’re time is up on this one. You were only able to file an extension up until the April 15th deadline of that year in order to extend your file date to October 15th. This is something to keep in mind for your current year returns though.
Can I file back taxes at any time?
Okay, let’s go back to doing those 2008 taxes online: can you? Of course! The IRS is about getting your money, after all, so they want you to pay as long as you’re willing to. You can file past due taxes at any time. Of course, these come with some penalties…
What penalties am I responsible for?
Well, there are two penalty fees that may apply to you for not filing your 2008 taxes.
- failure-to-file penalty
- failure-to-pay penalty
To find out more about these fees and how to calculate the amount you owe, check out our other article!
Can I still claim my 2008 tax refund?
Refunds can be claimed up to three years after the filing deadline. As you may have guessed, that deadline has passed already. However, now is the time to think of any other prior year tax returns that you need to file that may fall into that three-year time frame. You’ll want to file them ASAP in order to claim that refund.
Why should I still file my 2008 tax return?
You always want to be as up to date on your tax filing as possible to avoid a situation where the IRS holds onto your current year refund due to the fact that you haven’t filed and paid your tax due for a prior year. It wouldn’t be a very happy surprise to find that you can’t collect your expected 2014 tax refund because you decided to skip filing for 2008.
So there you have it: all your major questions answered. And yes, you can still file 2008 taxes online (or 2007, 2006, 2005, etc). There’s no statute of limitations on taxes, only increasing fees. So stop worrying about filing and start doing it. Chances are, it’ll be the best choice you ever made.
I have not filed my 2007.. 2008. and 2009 returns. I have a refund due on all of them but I had become ill and thought all my paperwork was lost for good. Can i still file? Would I get my refunds or would it cause more problems than its worth?My other years are current.
Unfortunately, your statute of limitations for claiming a refund has expired. You were required to file your return within 3 years of the return due date. However, it is in your best interest to still file your prior year returns in order to avoid the IRS from filing a substitute returns for you. Such returns might not give you credit for deductions and exemptions you may be entitled to receive and you could end up owing the IRS. You can visit https://www.priortax.com/ to get started on your prior year returns.