Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #1  
Old 04-01-2005, 07:28 AM
David Woods, EA, ChFC, CLU
Guest
 
Posts: n/a
Default Re: Overpaid; Didn't File; Money Lost; Deduction?

"taxq[at]dodgeit.com" <taxq[at]dodgeit.com> wrote:

- quote -

> Subject line pretty much says it all.
> I over-paid my taxes in a several past years, but didn't
> file returns. Now playing catch-up; but some of these
> overpayments are beyond the period for filing amended
> returns: i.e., the money is (apparently) lost.
> Is there any way to deduct these losses against later
> income? If so, what year -- within the currently 'allowed'
> filing period -- can I use for the deduction, and where on
> the form can I claim it?


Can't do it.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 
Old 04-01-2005, 07:08 AM
A.G. Kalman
Guest
 
Posts: n/a
Default Re: Overpaid; Didn't File; Money Lost; Deduction?

taxq[at]dodgeit.com wrote:

- quote -

> Subject line pretty much says it all.
> I over-paid my taxes in a several past years, but didn't
> file returns. Now playing catch-up; but some of these
> overpayments are beyond the period for filing amended
> returns: i.e., the money is (apparently) lost.
> Is there any way to deduct these losses against later
> income?


No.

--
Alan
http://taxtopics.net

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 03-30-2005, 12:08 AM
taxq@dodgeit.com
Guest
 
Posts: n/a
Default Overpaid; Didn't File; Money Lost; Deduction?

Subject line pretty much says it all.

I over-paid my taxes in a several past years, but didn't
file returns. Now playing catch-up; but some of these
overpayments are beyond the period for filing amended
returns: i.e., the money is (apparently) lost.

Is there any way to deduct these losses against later
income? If so, what year -- within the currently 'allowed'
filing period -- can I use for the deduction, and where on
the form can I claim it?

Trying to get it right,
TaxQ

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

Tags
deduction, file, lost, money, overpaid
Similar Threads
Thread Forum Replies Last Post
Do I pay capital gains if escrow company didn't file a 1099-S?
me_kim2000@yahoo.com: I did a partition action on a house I owned with a relative, but which I didn't live in. The relative settled by refinancing and buying my half...
Taxes 3 02-07-2005 05:57 PM
Didn't File 1040 Signature Page - What Now?
Robert Leavitt: A few days after timely filing my completed 2003 Form 1040 package and paying all tax due, I discovered that I had left the signature page (page 2...
Taxes 4 07-02-2004 03:59 PM
Lost printer receipt - can I still claim the deduction?
Zoe Miller: I bought a laser printer specifically for my eBay business. I didn't buy the printer (or computer) until after I started the business, so I'm...
Taxes 2 11-12-2003 03:56 PM
Didn't file 2001 taxes
Jason: I filed my 2002 taxes, but didn't file my 2001 taxes. I am using 1040ez and don't owe anything. Should i go ahead and send in my 2001 taxes, or...
Taxes 6 08-31-2003 09:55 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 08:55 AM.