Taxpayer received social security card in 2022. They had ITIN previously with two kids (and married). Are they able to amend the past 3 years to receive any credits they would have missed out on since he didnt have a social? Thank you!
I used to volunteer at a VITA site and we saw quite a few of these situations. The answer was Yes, you can amend to claim prior year unallowed credits. But the 2019 return may be too late for a refund.
"But the 2019 return may be too late for a refund."
Recent news release:
"The Internal Revenue Service estimates that there is almost $1.5 billion in unclaimed refunds from tax year 2019, but the deadline to secure that money is nearing.
Taxpayers have until July 17 to submit a tax return and get the money they are owed."
Oh yeah, I completely forgot there was a pandemic.
@JOSEJARAG wrote:
Are they able to amend the past 3 years to receive any credits they would have missed out on since he didnt have a social?
They can amend their returns, however, many credits require the taxpayer to have their Social Security Number by the due date of the return. So I suspect they won't be able to claim any credits that they haven't already taken.
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