Question for anyone who can help: I have a new client. The TP filed his 2006-2013 returns, all as MFS, in late 2014. The 2010 return generated a NOL but the preparer neglected to carry it anywhere. The TP has a large (unpaid) multi-year balance, and the spouse's 2010 return had a (paid) sizable tax liability.
Is there any way to either:...
2 results in 0.0014 seconds.
-
Amend Prior Year Return for NOL
-
Is a prior year “levy” considered a “refund”?
I would welcome any discussion on the following scenario:
Taxpayer filed tax returns for years 2006-2014 this year (2015). In 2010, $45k was levied from his bank account for unpaid taxes in TY2006, as determined from a Substitute For Return filed by the IRS at that time. When the actual/original return was prepared for TY2006 this...