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Topic: I forgot to do my taxes!!!!  (Read 1002 times)

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I forgot to do my taxes!!!!
« on: June 19, 2011, 05:58:08 PM »
I've been here for 8 years and have always submitted my taxes on time, even when my daughter was only a couple of months old.  I don't know why but I completely forgot this year.  ???  Can I still do them?  Will I be dragged off and put in jail? :o

I'm going to try and do them tonight and hopefully submit them asap.



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Re: I forgot to do my taxes!!!!
« Reply #1 on: June 19, 2011, 06:05:26 PM »
As long as you don't actually owe any taxes, there are no late penalties. My old roommate filed 3 years of back taxes at once one year because she hadn't done them and she was living in the US! She got a big fat refund check and no penalties, since she didn't owe anything.


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Re: I forgot to do my taxes!!!!
« Reply #2 on: June 19, 2011, 06:29:51 PM »
If you are delinquent with tax returns and FBARS you can use the OVDI and pay the reduced 5% penalty if you file by 31 August.  If it is only 1 year, you may wish to file quietly or under voluntary disclosure outside of the OVDI.


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