Taxpayer asks:
Hi,
I’m very disorganized and still haven’t filed my 2007 taxes (as of March 2009!). I’m planning to file in April 2009. Of course, I did not receive an Economic Stimulus Payment in 2008.
I’m single, and I definitely have taxable income and will owe taxes. Will I be eligible for the Recovery Rebate Credit when I get to my 2008 taxes? I’ve read all through the IRS RRC pages. They talk about all sorts of eligibility requirements, but say nothing about people who simply are behind in filing.
Taxgirl says:
You can file for the RRC on your 2008 taxes even if you did not file for 2007, assuming that you qualify.
That said, I would definitely file – and pay – your 2007 tax returns as soon as possible in order to insure that there are no delays in processing your rebate. Additionally, I’m not sure whether IRS was expecting you to file in 2007 or not (i.e. if forms W-2 or 1099s were sent their way) but it’s better to file that old return promptly to avoid any potential issues – not to mention that the clock is ticking on penalties and interest!
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
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