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If I haven't filed a 2006 or 2007 tax return yet, should I file a 2008 return first or file the 2006 then 2007 and then 2008?


ANSWER


The BIDaWIZ Team's Answer:

The general rule is to file the most recent tax return first, and then file the

next most recent return, etc., until all tax returns are filed. So, file the 2008 return

first, and then the 2007 return, and then the 2006 return. This is the manner

that minimizes the amount of interest, and penalties, that will accrue. The exception,

to this rule, is if there are any carryfoward items, from the 2006, or from the 2007,

tax year, that impacts the 2008 tax return liability; if so, then all three tax returns

should be filed at the same time.

The BIDaWIZ Team

 

 

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