If people haven’t filed their tax returns for a number of years, they are likely anxious and find themselves glancing over shoulder periodically to see if Uncle Sam has caught up with them. Once a refund is older than three years, they can no longer be claimed and can’t be applied to other year income tax liabilities. Thus, non-filers may have the IRS jumping on them about filing or they might be missing records. They may also end of owing quite a bit to the IRS by complement

The consequences coming from non-filed returns can be absolutely severe for noncompliance. Even if people don’t owe any tax, it still be extremely important to file. Let’s look at what happens unless people file tax returns. 1. Non-filling Letter As someone has a late tax return, the IRS will send out letter having an assortment of code numbers like CP515 , CP516 , CP518 and CP515B . Uncle Sam will eventually step up their aggressiveness in the matter and send a notice rela