Question: My son did not file a 2006 income tax return. He earned about $12,000 and taxes were withheld from his income. Is it too late for him to file a return?
Answer: It is not too late to file a 2006 1040 income tax return. If your son were to owe the IRS for taxes then there would be no statute of limitations for the IRS to collect the tax if he did not file a return. However, in your son’s case, it is very likely that due to his income level and that he had income tax withheld that he would be entitled to a refund for some of his income tax that was withheld. In this case it is important that he file this return pretty quickly because you can only get credit for tax returns three years old. That means, that today he could file 2005, 2006 and 2007 and get a refund that would be due to him. 2004 and prior returns would not be given credit and he would not receive a refund.