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Tag: tax refund

Posts Tagged ‘tax refund’

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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How Far Back Can I File Prior Year Taxes?

Posted by admin on October 26, 2016
Last modified: February 2, 2018

So, you ran a little late and forgot to file a prior year tax return?

Are you wondering if you can file a tax return all the way back, say, 6 years? The answer is yes, you can! This should not be confused with e-filing. The IRS has electronic filing available through October of the year your tax return is due. After that, taxpayers must paper file their returns; no exceptions. The good news? Paper filing your tax return is pretty much just as easy as e-filing. Instead of submitting your tax return online, you’ll need to print and sign it. Then, all you have to do it mail it to the IRS. Easy, right? You can file prior year taxes dating back to 2005 with PriorTax.

File prior year taxes for 2005-2016 on PriorTax

By law, the IRS may assess penalties to taxpayers for both failing to file a tax return and for failing to pay taxes they owe by the deadline. Therefore, if you have not filed taxes from 2005, 2006, etc. it’s best do so now (or as soon as possible) on PriorTax.

How many years back can you get a tax refund?

The IRS Statute of Limitations allows you three years from the filing deadline to file your prior year return and claim your refund. For example, the last day to claim your tax refund for the 2013 tax year is April 15, 2017. This is because the deadline date was April 15, 2014.

Keep in mind that they also have the same amount of time to audit you and up to ten years to collect any unpaid tax.

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Can I File My 2009 Taxes Online?

Posted by admin on October 20, 2016
Last modified: November 2, 2016

You can prepare your 2009 tax return online with PriorTax. 

Once, a long time ago, 2009 tax returns were due on April 15, 2010.

If you’ve been putting off filing your 2009 taxes since that initial deadline, you may wonder why you should bother filing at all?

There are a couple of good reasons you should do it.

For one, the IRS has 10 years to collect on any tax you owe. For two, tax penalties for filing late increase by the day and, by now, they have really built up. The longer you wait, the worse the situation.

The good news is that you can still prepare your 2009 taxes online with PriorTax.

Will I Owe the IRS Late Penalties?

If you owe the IRS from the 2009 tax year, plan on paying late penalties. These late fees include:

  • Failure-to-file: 5% of your tax due total for each month your return is filed late, up to 25%
  • Failure-to-pay: ½ of 1% of your unpaid taxes for each month or part of a month left unpaid (this amount is waived if you’re already facing the failure-to-file penalty)

The penalty for filing late can be ten times worse than the penalty for paying late. At the very least, file your 2009 return as soon as possible.

Then, contact the IRS to arrange to pay your tax bill. They can set up an installment plan that will work for you. (more…)

How to Check A Prior Year Tax Refund Status

Posted by Michelle O'Brien on October 20, 2016
Last modified: May 24, 2018

Go online and use the “Where’s My Refund” IRS tool. It works!

Although the IRS “Where’s My Refund” tool is available to check the progress of your return, it only applies to the tax return you filed for the most current tax year.

For example, let’s say you file your 2013 tax return and soon after remember to file your late 2012 return. Although you filed your 2013 taxes before your 2012, 2013 is going to be the one that the IRS site shows the status for since it is the most recent tax year in their database for you.

So how do you check your prior year tax refund status after mailing your return to the IRS?

Brace yourselves as many of you aren’t going to like Plan B. You’ll need to call the IRS. Of course, you don’t want to mail your return and call on your lunch break the following day. The IRS insists that you wait it out for at least 6 weeks after mailing your return to call and check on the status. When you call, make sure you have the following handy:

  • tax year
  • social security number
  • filing status
  • exact refund amount

You can call 1-800-829-1040 and follow the prompts for a live representative. The person that you speak with will have direct access to your tax return and be able to provide you with a status update.

Tip: Request a tracking number when mailing your return. It’ll give you peace of mind to know that it arrived safe and sound.

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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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Last Day to Claim Your 2013 Tax Refund

Posted by Michelle O'Brien on May 16, 2016
Last modified: April 12, 2017

Don’t let this one slip through the cracks. The last day to claim your 2013 tax refund is April 15th, 2017!

Timing controls everything in life, from the expiration date on your milk carton to your child’s expected due date next Spring. Tax refunds are no exception. In fact, the IRS gives you three years from the initial deadline to claim that money.

The good news is that with PriorTax, we can help you over that hump we like to call procrastination. We’ll help you get that 2013 tax refund as quickly as possible with no hassle at all.

First things first… prepare your tax return online.

Now that you know you can still claim your refund, let’s get to work. Follow these steps now. Thank us later.

  1. Create your PriorTax account. It’s free to do this. You’ll even be able to see exactly how big of a refund you can expect before paying anything!
  2. Complete our easy online application. With your tax documents handy, this part will be super easy. We have it all laid out for you (no tax forms necessary).
  3. Submit your account. Once you’ve finished, then our tax team can take a look. We’ll make sure that you included all necessary information before the IRS gets their hands on it.
  4. Download your tax return. Once our team has reviewed your return, we’ll let you know when a copy is available to print, sign and mail to the IRS. Unfortunately, the IRS does not let you e-file after the tax deadline for that year, so you’ll need to take advantage of good ol’ fashioned snail mail.
  5. Wait for your refund. In my opinion, this part is always the hardest.

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11 Sensible Ways to Spend Your 2012 Tax Refund

Posted by Michelle O'Brien on March 30, 2016
Last modified: December 21, 2016

Did you know you have until April 18th, 2016 to claim your 2012 tax refund?

If you didn’t know, then this information might feel a little like finding a $5 bill in an old winter coat. With that in mind, you’re probably thinking about how you can spend it, right? Before I get into the great things you could put that extra money towards, it’s important to remember that your tax refund is still money that you earned. You’re receiving a refund because more tax was withheld throughout the year than was needed to cover the taxes you owed to the IRS. So depending how your 2012 tax situation shakes out, you might be owed a refund, or you might owe back tax if not enough money was withheld. Given that, you should file any past due tax returns ASAP – especially with the chance to get an unclaimed 2012 refund slipping away soon.

Whether you’re saving or spending, make sure you do it right!

1. Catch up on bills.

Sometimes it’s the little things in life that make the biggest impact. Using your tax refund to stay up to date on monthly bills and avoid late fees and interest is such a great way to eliminate stress. Then you can save up the remainder and put it towards that oh-so-necessary vacation you’ve been meaning to take.

2. Start an emergency fund.

Suppose your car breaks down and insurance won’t cover it. Maybe your boss crunches the numbers and realizes that he can’t afford to fund your position anymore. In a world so surprising, you should always hope for the best but prepare for the worst. This is why setting aside a cushion of savings might be a good idea. Financial experts suggest maintaining a savings large enough to cover three to six months’ worth of household spending. You may be thinking that there’s no way that your tax refund will cover that. Maybe not, but you have to start somewhere. (more…)

Filing a 2015 Tax Return in 2018

Posted by Michelle O'Brien on March 18, 2016
Last modified: December 14, 2018

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…)

How To Calculate Your 2012 Tax Refund

Posted by Michelle O'Brien on February 19, 2016
Last modified: November 2, 2016

Fashionably late? You can still file your 2012 tax return!

Unfortunately, filing your tax return late isn’t as notable as arriving an hour later than planned to a cocktail party. However, the IRS does give you three years to claim your refund after the official April deadline.  

Use our 2012 tax calculator to figure out how much the IRS owes you (or what you owe them).

What information do I need for the 2012 tax calculator?

To use our calculator tool, you just need some of your basic tax information from 2012. You’ll be able to navigate different tabs as shown below.

2012 tax calc info

Complete each section as best you can. Although it is best to complete every section entirely, you can skip the credits and deductions tab if you’re unsure. This will give you a ballpark figure until you have the time to gather your paperwork.

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