Another scenario. Lazy taxpayer doesn't file a 2007 or 2008 tax return. Sometime in 2010 or 2011 they decide to "git 'r done". They will be allowed to claim the rebate against 2008 tax liability to increase their refund or reduce the amount due.
The interesting question will be if they file the 2008 return after Apr 15, 2012. The SOL will bar them from receving a refund, but I wonder if they would still be allowed to offset the rebate against a balance due.
Nothing like planning ahead...
The interesting question will be if they file the 2008 return after Apr 15, 2012. The SOL will bar them from receving a refund, but I wonder if they would still be allowed to offset the rebate against a balance due.
Nothing like planning ahead...
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