Tag: late taxes

Posts Tagged ‘late taxes’

April 15, 2019 is the Last Day to Claim your 2015 Refund!

Posted by Manisha Hansraj on October 30, 2018
Last modified: November 5, 2018

2015 refund

Running late on your refund?

Refunds come and go when it comes to taxes. Luckily, for you, you can still claim the 2015 refund that you’ve been delaying. Just remember, you have three years within the original due date of your 2015 tax return to claim your refund.

This is due to the IRS Statute of Limitations, which limits taxpayers in claiming a prior year refund. After the three year deadline, your refund expires and goes to the IRS.

Don’t wait. Get the money you’re entitled to.

Will I be able to e-file my taxes?

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What do I do if someone else claimed my dependent?

Posted by Manisha Hansraj on October 16, 2018
Last modified: October 19, 2018

someone else claimed my dependent

In the worst case scenario, the IRS rejects your tax return.

Someone else claimed my dependent. What should I do? Luckily, the IRS gives you options in case you’re stuck in this situation.

Unfortunately, the IRS cannot disclose who claimed your dependent. Typically it’s either the other parent, their child claimed themselves as an exemption on their individual tax return, another member of the household such as the grandparent, or any other person that lived with the child for a portion of the year.

What you need to do.

If you’re filing a current year return, you may receive a rejection due to your dependent’s social security number. In this case, you should double-check that you reported their SSN correctly. If it is reported correctly, you will need to paper file your return; meaning you must print, sign and mail your return to the IRS. You cannot e-file it since the IRS will reject it again. (For tax season 2018, the e-file and extension deadline has passed on October 15, 2018. Therefore, you must paper-file your return.)

You may receive a CP87A Notice which notifies each party that if they incorrectly claimed the dependent, they need to file an amended tax form. If you can rightfully claim the dependent, you do not need to respond to this notice. In order to dispute the claim of your dependent, you will need to attach a cover letter (more…)

When is the Deadline to File Taxes for 2018?

Posted by Manisha Hansraj on September 19, 2018
Last modified: October 16, 2018

deadline to file taxes 2018

Am I too late to file my 2017 taxes?

For taxpayers who are receiving a refund, there’s absolutely nothing to worry about! The IRS does not attach penalties to late returns that have refunds. On the other hand, if you had a tax due to the IRS, you must have paid your taxes to the IRS by the tax deadline which was April 17, 2018 or you will be subject to penalties.

Read on to find out the steps you need to take in order to file your return.

Can I still E-file?

You can no longer e-file your 2017 return since October 15, 2018; the e-file and extension deadline has passed. The 2017 tax year now becomes a prior year return. All prior year returns have to be paper-filed. In order to paper file a tax return, you are required to print, sign and mail your tax return to the IRS.

With Prior Tax, you can easily create an account for your tax year, enter your tax information and submit it to us in order to download, print, sign and mail your tax return.

File 2017 Taxes now

What if I didn’t pay taxes to the IRS?

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Did You Miss The 2016 Tax Deadline?

Posted by admin on December 26, 2017
Last modified: September 14, 2018

Did you miss the 2016 tax deadline?

With the 2018 Tax Season less than a month away, you probably have some catching up to do. Luckily, you can still file your 2016 tax return if you’re one of many taxpayers that are rushing to stay on top of a missed 2016 tax deadline. That being said, start raiding your rooms for all the receipts you need to finish your taxes. If you want to find out if you have a refund coming your way, utilize our 2016 tax calculator.

Read on to find out how to file your 2016 prior year return.

Can I E-file my 2016 Tax Return?

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Unfiled tax returns have you drowning?

Posted by admin on June 6, 2017
Last modified: June 16, 2017

Overwhelmed With Prior Year Unfiled Tax Returns?

While most Americans finish or have finished their current year taxes, others have stacks of unfiled tax returns from previous years. You may feel swamped with the pressures of work and within a blink of an eye, you wake up to find an IRS notice in the mailbox. Let’s face it, life gets busy. Nevertheless, you have forgotten about those prior year tax returns, but the IRS hasn’t. Here are some common questions for those taxpayers who are stuck in the mud with unfiled tax returns:

Should I file my Unfiled tax returns?

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IRS Address to File a Late Tax Return

Posted by admin on December 15, 2016
Last modified: January 13, 2017

If you need to file a prior year tax return, you’ll have to mail it to the IRS…

Still need to get caught up on a prior year tax return? You’ll most likely need to paper file it. If this is the case, you’ll need the IRS address to send your return to.

You’ll be able to prepare any previous year tax return online, but you won’t be able to electronically file it. You’ll need to mail it to the IRS.

IRS address to file a late tax return

The address you’ll send your prior year tax return to will depend on what state you live in. Below, are five separate addresses on where to send a late tax return to. Please note that if you received a notice from the IRS with an alternate address, you should use that one.  (more…)

How To File 2012 Taxes in 2016

Posted by admin on October 18, 2016
Last modified: November 2, 2016

Feel like giving up? Take a deep breath: you can still file your late 2012 taxes!

Procrastination happens. Maybe you planned to file your 2012 taxes when they were due, but ended up putting it off until a later date. Now, it’s 2016 and you still haven’t filed your 2012 taxes. Sound familiar? The good news is you can file 2012 taxes with PriorTax. 

Yes, it will be considered late. However, it’s much better to file late, than to never file at all!

If the process of filing your late taxes is causing you mild stress, take a deep breath and simply follow our provided steps.

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6 Reasons to Choose the PriorTax CPA Review

Posted by Michelle O'Brien on April 26, 2016
Last modified: November 2, 2016

With only two certainties in life, nixing your accountant is a tough choice to make.

Choosing PriorTax means you don’t have to.

When telling some people to ditch the accountant and file their taxes online instead, they look at you like you just told them to stop drinking coffee in the morning. It’s scary, sounds risky and is, more than likely, completely out of the question for some.

That’s why PriorTax has introduced CPA Review to the menu, for all of our customers who don’t necessarily want to stray from the traditional route of using an accountant to file their taxes. It also provides a new opportunity for taxpayers who have never even looked into using an accountant before.

Let’s take a look at some reasons why you’ll want to consider our CPA Review over a private accountant.

Because you’re not made of money.

Did you know that the average price of an individual tax return prepared by a private accountant in 2014 was $273? Some charged up to $400 per hour! That’s a nice chunk of change to add to the amount you already owe the IRS (or to take out of your refund check). With the PriorTax CPA Review, you’ll pay $99.95. That’s less than 50% of the average cost for the same service. Crazy, right? (more…)

Do Back Taxes Affect Your Credit Score?

Posted by Michelle O'Brien on April 5, 2016
Last modified: December 21, 2016

Credit and taxes are both pretty high up there on the adult responsibility ladder.

Putting them together kinda makes you want to hide under a rock. Don’t worry. You don’t need to know everything about credit (or taxes) in order to start taking steps in the right direction. You’ll learn what you need to along the way.

Let’s take a look at some of the initial questions you probably have about your tax debt and how it will affect your credit score.

Will a tax debt show up on my credit report?

Well, it could. The IRS will not automatically run off to the land of credit agencies and warn them about you if you have built up some tax debt over the years. However, if you owe over $10,000 in taxes and continue to do nothing about it, then a Notice of Federal Tax Lien is automatically filed against you. This lien has the potential to be pretty damaging to your credit score it will show up as a ‘seriously negative’ item on your credit report. If this has happened to you, don’t panic and keep reading. We’ll let you know how to remove this from your record and prevent this from happening to you in the future.

Can I remove a tax lien from my credit report?

You have a tax lien. This is a stressful situation, but you can only panic so much. Now you need to take baby steps toward fixing it. To do this, you’ll need to initiate repayment of your debt. Since this can stay put on your credit report up to seven years after the bill is paid, it is important to take action sooner rather than later. (more…)

Quick Guide: Filing Your Late Business Tax Return

Posted by Michelle O'Brien on March 21, 2016
Last modified: December 21, 2016

Mistakes can often be as good a teacher as success.”

As a business owner, you might have already heard this one. Jack Welch, the founder of General Electric, made this statement and although he wasn’t talking about taxes, it applies.

The filing deadline for LLCs is always April 15th. The filing deadline for S-Corps and C-Corps is always March 15th. Sure, missing the filing deadline for your business tax return is a mistake. However, it can be resolved, and with less of a penalty than you may think. You’re constantly learning as a business owner and probably making your fair share of mistakes along the way. Let’s take a look at how you can prevent one of them.

Calculating the Late Filing Penalty

Penalty fees for filing late LLC and S-Corp tax returns are based on how many months you are late to filing and the amount of shareholders or managing members involved. Late filing fees for a C-Corp are based on how many months the return is late. Let’s break it down a bit further. (more…)