prior year taxes filed


J

jkperez

How does the IRS handle this situation. I am filing back
taxes and in the middle of these years I will owe. all other
years I am due a refund. What will happen if they recieve
2002 before they process 2001? or will they just handle each
one as they come in?

ok, I filed all my back taxes, On April 15th. So I can get
an accurate answer to my question as follows is what I sent
in this year. I sent them in diffrent envelopes.

For the tax year 1999 I had to do a 1040x. they originally
owed me a refund. Then they sent a letter saying my
daughters ssn and name did not match. So they said I owed
them 500.00 instead of me getting a refund of 1300.00. This
year I sent in the 1040x for tax year 1999 with the correct
info. I know it is to late for a refund however I am hoping
they will wash off the debt.

for the tax year 2000, I will owe 437.00

for the tax year 2001. they will owe me 4745.00

for the tax year 2002, they will owe me 1900.00

for the tax year 2003, they will owe me 1337.00

My main question is what happens if they receive tax year
2002 before they recieve 2001?
 
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H

Helen P. OPlanick EA

My main question is what happens if they receive tax year
2002 before they recieve 2001?
As long as there is no carryover from 2001 to 2002, don't
worry about it.

Helen, EA in PA
Member of The Tax Gang
Director, National Assoication of Enrolled Agents
Immediate Past President, PA Society of Enrolled Agents
 
H

Harlan Lunsford

jkperez said:
How does the IRS handle this situation. I am filing back
taxes and in the middle of these years I will owe. all other
years I am due a refund. What will happen if they recieve
2002 before they process 2001? or will they just handle each
one as they come in?

ok, I filed all my back taxes, On April 15th. So I can get
an accurate answer to my question as follows is what I sent
in this year. I sent them in diffrent envelopes.

For the tax year 1999 I had to do a 1040x. they originally
owed me a refund. Then they sent a letter saying my
daughters ssn and name did not match. So they said I owed
them 500.00 instead of me getting a refund of 1300.00. This
year I sent in the 1040x for tax year 1999 with the correct
info. I know it is to late for a refund however I am hoping
they will wash off the debt.

for the tax year 2000, I will owe 437.00

for the tax year 2001. they will owe me 4745.00

for the tax year 2002, they will owe me 1900.00

for the tax year 2003, they will owe me 1337.00

My main question is what happens if they receive tax year
2002 before they recieve 2001?
IRS operates in a manner called "FIFO".
(surprised, anyone?)

that means first come, first served.

So if they process 2002 return first before recording 2000
return, you'll get the 1900.

Cheer$,
Harlan Lunsford, EA n LA
 
F

Frank S. Duke, Jr.

jkperez at (e-mail address removed) wrote on 4/21/04 1:26 AM:
How does the IRS handle this situation. I am filing back
taxes and in the middle of these years I will owe. all other
years I am due a refund. What will happen if they recieve
2002 before they process 2001? or will they just handle each
one as they come in?
They will most likely look at every one individually.
Different individuals will process them as though no other
year existed.

All freely provided advice guarantee correct or double your
money back

Frank S. Duke, Jr. CPA
Cincinnati, OH USA
 
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M

Michael S. Rosen

For the tax year 1999 I had to do a 1040x. they originally
owed me a refund. Then they sent a letter saying my
daughters ssn and name did not match. So they said I owed
them 500.00 instead of me getting a refund of 1300.00. This
year I sent in the 1040x for tax year 1999 with the correct
info. I know it is to late for a refund however I am hoping
they will wash off the debt.
You probably didn't have to do a 1040X just for that. You
could have responded to their inquiry with the correct
information.
 

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