Amending 2007, 08 & 09

[giogis245]

Just wanted to confirm here that 2007, 2008 and 2009 can be amended if it's to account for gross income that was over sought?  It's +/- $5,000 per year, it is a substantial amount and client just wants to make sure everything is fine and in order with the IRS.  He knows he will be paying in, he is not entitled to a refund and it's been too long to claim one anyway.  Thank you!   

[Pacun]

What do you mean by substantial? If 5K is substantial, I guess he reported less than 5K.

 

Yes, you can amend them and pay if clients owes but client cannot get a refund, as you correctly stated.

[rfassett]

Yes you can amend those years for tax due. Isn't it cool when we get a client with a conscience? Good luck!

[ILLMAS]

FYI sometimes TP are required to amend prior years tax returns for immigration purposes, just saying.  

[Marie]

My client wanted to come clean, past years' partnerships, now we are dealing with IRS on the partnership penalties. We've asked for abatement, wrote an appeal. wondering if we did the right thing. she came to me to make it right, I didn't think I could tell her not to, but IRS sure does discourage people from doing the right thing.