Tax Returns Were not filed and Accidently put the wrong amount of dependents?

Question

I did not file my taxes for 2007 and I was just wondering if I can still file them? For my dependents I think it was 5 but I am single guy living by myself so I really don't have proof of those 5 dependents. I was wondering if I would get in any trouble or what is the best way to fix this situations.

Please someone HELP =(

Answer 1

You can still file.    As long as you put the right number of children on your return you will be OK, most people tweak the other numbers, depending on their deductions to try to get closer to zero on their return.  

Answer 2

Let me guess, you didn't get an extension and now you will owe tax, penalties (failure to file and failure to pay) and interest.

Get the tax return done and set up a payment plan.

Go change your W-4 to 0 so that you don't have the same problem next year.  (By the way, every paycheck stub was a visual reminder that you'd done this.  So stop claiming this was an accident.)  

Answer 3

Well on the first question you have up to I believe 1 year maybe longer to file your tax returns after the due date.  Now on the second question you could possibly get in trouble if you are audited and list 5 dep. this year and none the previous years. You should just claim yourself, and reap the penalty.  There may be a penalty also for late filing, and, I believe you should have filed an extension with the IRS for late filers.

Answer 4

Yes, you can still file them, and in fact you MUST file them. If you owe taxes, you will have to pay them, plus any interest and penalties that the IRS decides to charge you. The good news is that if you were entitled to a refund, you will still get it. You can file up to three years late and still get any refund you may have been owed.

The number of dependents you claimed on your W-4 form at work (which I assume is what you're talking about) has nothing to do with what you actually put down on your tax form. The W-4 is only used by your employer as a rough estimate of how much money to withhold from your check each week for the IRS. The IRS themselves don't ever see that form (or care whether what you put down is accurate).

If you are a single person, you will put down ONE exemption on your tax form -- that would be yourself. You have NO dependents, so you would not put any down on the tax form.

Suggest you file as soon as possible, both to ease your conscience and to make sure the interest and penalties don't get any higher.