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Level 4
March 27, 2021
Solved

Credits for past years

A client came in who has not filed since 2014.  As I understand it, they can no longer get a refund for 2015 & 2016, my question is in regards to credits.  Do they still get CTC for their daughter to help pay down their tax debt or is this credit lost as well. 

This topic has been closed for replies.
sjrcpa
sjrcpaAnswer
Level 15
March 27, 2021

Prepare returns as normal. They get whatever credits they are entitled to but they will not get a refund-whether due to overpayment of tax or otherwise refundable credits.

The more I know the more I don’t know.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
March 27, 2021

Prepare returns as normal. They get whatever credits they are entitled to but they will not get a refund-whether due to overpayment of tax or otherwise refundable credits.

The more I know the more I don’t know.