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#2
03-27-2006, 07:20 PM
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 Re: Tax Correction Request to IRS for Prior Year Tax Error Henry wrote: - quote - > I recently just found out that I did not enter the Excess
I'm sorry Henry, there is only a 3 year period to claim any> Social Security withheld on line 62 of my 1998 1040. Is > there any way that I could correct this with IRS and get the > over paid social security tax refunded for that year? If I > did get this amount back, what is the tax impact of 2006? refunds. Missy Doyle << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
03-27-2006, 07:00 PM
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| Re: Tax Correction Request to IRS for Prior Year Tax Error "Henry" wrote.... - quote - > I recently just found out that I did not enter the Excess
No, the Refund Statute of limitations has expired for this> Social Security withheld on line 62 of my 1998 1040. Is > there any way that I could correct this with IRS and get the > over paid social security tax refunded for that year? year. -BUT- If you still have an unpaid balance of tax/penalty/interest due on {{1040-1998}}, posting this missed credit will lower you net balance due today., -OR- if you paid off this hypothetical liability within the last two years, those dollars paid in recently would be refundable. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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03-26-2006, 04:45 PM
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| Re: Tax Correction Request to IRS for Prior Year Tax Error "Henry" <henryql[at]hotmail.com> wrote: - quote - > I recently just found out that I did not enter the Excess
I would say you are out of luck! The statute of limitations> Social Security withheld on line 62 of my 1998 1040. Is > there any way that I could correct this with IRS and get the > over paid social security tax refunded for that year? If I > did get this amount back, what is the tax impact of 2006? > Any input would be very much appreciated. on refunds of overpayments is 3 years from due date for the return or 2 years from date of payment. Thus, the last open year is 2002. You should have made your claim back in 2002. Lanny K. Williams, CPA Nawarat, Williams & Co., Ltd. Income Tax Services for Expatriate Americans << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
03-26-2006, 02:34 PM
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| Tax Correction Request to IRS for Prior Year Tax Error I recently just found out that I did not enter the Excess Social Security withheld on line 62 of my 1998 1040. Is there any way that I could correct this with IRS and get the over paid social security tax refunded for that year? If I did get this amount back, what is the tax impact of 2006? Any input would be very much appreciated. Thanks and regards, Henry << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| correction, error, irs, prior, request, tax, year |
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