Forget to file your 2015 tax return? Let’s get you caught up.
Sometimes, procrastination gets the best of us and we fall behind. It happens. Most procrastination-fueled situations can be resolved. There’s no exception when it comes to filing your late 2015 taxes.
Can I still file a 2015 tax return in 2017?
April 18th, 2016 marks the tax filing deadline for 2015 taxes . The good news? You can still prepare your tax return after the deadline and mail it to the IRS. The bad news? If you owe additional tax for 2015, you may be faced with penalty fees. If you forgot to file by the deadline, you will be responsible for the failure-to-file penalty. You will be liable for the failure-to-pay penalty if you didn’t pay the IRS on time. These will be explained further in a few.
Can I prepare my 2015 taxes online?
You missed the filing deadline. That doesn’t mean you have to scrape the bottom of the barrel when it comes to your tax preparation. You also won’t need to dip into your savings to afford it. You can still prepare your taxes online which happens to be inexpensive and pretty easy.
All you need to do is follow these 5 steps. (more…)