While most taxpayers are aware their 2011 tax returns are due this year by April 17th, many are not aware that their refunds actually expire three years after they are originally due. Therefore, there is still time to collect a refund from 2008 if one is due to you.
“If you haven’t filed for 2008 and are entitled to a refund, you will only have until April 17th, 2012 to collect,” said Nick Nemeth, Founder of The Law Offices of Nick Nemeth.
Taxpayers who are behind on filing their taxes still have an opportunity to receive their full refund for 2008, but be cautious. If you have several unfiled tax returns, there may be balances due on other years. If that is the case, you may want to consider retaining an experienced attorney who deals with the IRS on a regular basis to get those old returns filed. It is important to do so while making sure IRS collection tactics such as levies, garnishments and seizures are controlled.
Nick Nemeth is the Founder of The Law Offices of Nick Nemeth, PLLC, a law firm dedicated to helping individuals and businesses resolve a wide range of IRS issues. He has been featured in USA Today, CNBC, CBS Money Watch, Yahoo Finance, The Miami Herald and Morningstar. Nick brings fifteen years of legal experience to those who truly need it. Nick’s ultimate goal in his practice, for any of his clients, is to provide efficient, cost-effective legal representation.
For more information on this topic, contact Andrea Scott at andrea@myIRSteam.com.
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