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20 years old and never filed taxes?


Hi,
i'm 20 years old and due to lost t4's, i've never filed my taxes. I just recently managed to get all my previous t4's and i'm not ready to file. I have 5 years of slips, 4 of those years I only worked part time as a student and this last year is the first where I was working full time. Problem is, i'm not sure where I can go to get this done. H&R Block told me that i'd be paying to get each year done, and I can't really afford to pay that much money right now. I've looked at a handful of online filing sites, but from what I found, they only allowed me to file for the previous year.

Would anyone happen to know a more affordable way for me to file the 4 or 5 years of taxes I have without it costing an arm and a leg? Thank you.

please be aware when answering that I am aware i need to file, i just need to know an affordable place where I can do them without having to pay an insane amount. I want to do them myself, but the online places i've found only let me do them back one year, i need to file 5 years of them.

Secondly, i'm canadian, so the IRS government site doesn't apply to me.

Paying someone to do your taxes is a waste. It sounds like you are a typical 20 year old which means it would take a total of 5-10 minutes to do each year.

Start by going to http://www.cra-arc.gc.ca/formspubs/t1gen...

Print out the forms for the years you are missing. For 2007 just pick one up at any post office.

The process is fairly easy. Don't be intimidated by all the lines. 99% of them you'll be leaving empty. Just start at line 100 and go slow.

What you might also do is use QuickTax or some other computerized tax program for 2007. Most of them offer you a free option if you made less than ~$20-25k. Don't choose to netfile but instead print out the 2007 return. This will help you with the previous years since you'll be able to see what lines had numbers entered and what went where. Use that as a guide since your taxes are pretty basic and should be nearly the same each year.

Trust me "GO FILE YOUR TAXES" all of them. First off you might be getting some money back since you were a student for a few years. Write off your school expenses every year. Trust me, when they come for you, there coming and if they come they want money. So its better to file and possibly receive money then sit and wait for them to send you a letter auditing you.

do it yourself

If it were me (and I'm no CPA), I'd just start filing from 2007 on and see if the IRS ever figures it out. You might slip through the cracks and if not the end result is the same because you already owe the penalties for all the back taxes.

It's a risky move, but one that I would consider. BTW, if you do file all the previous years, do it yourself since I'm guessing they are all very simple taxes to do (1040 ez's). Go to Irs.gov and browse around for help. They'll have the answer on there for you. H&R Block and all those places are a ripoff.

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