Tag: 2013 taxes

File your 2013 tax return between January 31, 2014 and April 15, 2014.

Posts Tagged ‘2013 taxes’

How to E-File 2014 Taxes in 2017

Posted by Michelle O'Brien on December 14, 2016
Last modified: December 19, 2016

There is a time and place for everything…including your 2014 tax return.

The 2015 tax season was that time and place. Although you’re a little late, you can still file your 2014 taxes. You just won’t be able to electronically file (e-file) it.

IRS e-file dates and deadlines

Each December, the IRS comes out with the e-file start dates and deadlines for that year’s upcoming tax season. For 2014 returns, those dates fell between January and October of 2015. The IRS promptly closes their e-filing system after that.

Can I still submit my 2014 taxes to the IRS?

Yes! You can and you should. You’ll need to sign and mail your tax return to the IRS instead of just submitting it online like you may be used to. The preparation process that you typically follow can remain the same. Not sure where to prepare your return? We can help you with that on RapidTax! It’s quick and easy; even for late tax returns. All you need to do is create an account with a unique username and password. Then begin entering your tax information into our user-friendly application. It’s even free to try with several pricing packages to fit your tax situation once you enter all of your information.

Can I still claim a 2014 tax refund?

That’s a yes! The IRS has a Statute of Limitations in place that allows taxpayers three years from the original due date to claim a refund. That means you can claim your 2014 IRS refund until April 2018.  Keep in mind that it will take a bit longer than usual to receive that refund in the mail since it is a prior year return now. It can take the IRS about 6 weeks to process an accurately completed late tax return.

What penalties am I facing for a 2014 tax due amount?

There are currently two penalties when it comes to late filing a tax return with the IRS. (more…)

How to Claim the Child Tax Credit

Posted by Michelle O'Brien on October 27, 2016
Last modified: October 28, 2016

Parents deserve a bit of a (tax) break now and then.

As a busy parent, filing taxes can be found on the To-Do list between Monday’s soccer practice and Thursday’s parent-teacher conference. Do yourself a favor this year and see if you are eligible for the Child Tax Credit. Tax credits are great because, unlike deductions, they reduce your tax bill dollar-for-dollar. That means, a larger tax refund for you and your family!

What is the Child Tax Credit?

The Child Tax Credit offers a credit of up to $1,000 per child to qualifying taxpayers. It is only available to those who can claim a child as a dependent and meet several other requirements.

There is no limit to the number of children you can claim using the Child Tax Credit, however, claiming lots of kids may subject you to the Alternative Minimum Tax (AMT).

Who can claim the Child Tax Credit?

In order to claim the Child Tax Credit, the child in question must: (more…)

Help! I Still Need to File My 2013 Taxes!

Posted by Michelle O'Brien on January 15, 2015
Last modified: October 6, 2016

Running late? Luckily, you can file a late 2013 tax return online with RapidTax!

You desperately need to file your 2013 taxes but somehow continue to put it off.

Sound familiar? You’re not alone. Filing taxes, especially late taxes, can seem overwhelming, time consuming and draining.

Rather than trying to file your late 2013 tax return yourself, you can pay an accountant outrageous fees to do it for you. Don’t waste your time or money. Instead, file your 2013 taxes online with RapidTax and have it completed within 15 minutes.

Will I pay late fees for filing my 2013 taxes late?

If the IRS owes you a refund from your 2013 tax return, you won’t have to pay any late fees.

However, you will be penalized if you have tax due. There are two IRS late fees you could end up facing:

  • Late-Filing Penalty: For every month past the deadline that your tax return has not been filed, a 5% penalty of your tax bill amount, up to a maximum of 25% (the minimum penalty is $135 or 100% of your unpaid tax; whichever smaller) is added to the amount you already owe.

  • Late-Payment Penalty: For every month your tax bill goes unpaid, there’s a fee totaling .5% (½ of 1%) of your tax bill.

That’s a lot of extra money you’re giving away to the IRS. (more…)

How To File 2013 Taxes Late

Posted by Michelle O'Brien on October 28, 2014
Last modified: October 6, 2016

You’ll no longer be able to e-file, but you can still file your 2013 tax return

The deadline to e-file a 2013 tax return was October 15, 2014.

If you haven’t yet filed your 2013 taxes, you’ll still be able to prepare your 2013 tax return online but you’ll need to mail it to the IRS rather than electronically filing.

With RapidTax, you can file 2013 taxes late. All you’ll have to do is enter your information and after your return is prepared, you’ll print and mail it to the IRS.

Whatever you do, don’t put off doing your 2013 taxes. The later you file, the more you’ll end up handing over to the IRS. Save your money, and the headaches and get it out of the way!

You can still get your 2013 tax refund

If you’re late filing 2013 taxes and expecting a tax refund, you’ll be happy to hear you can still collect your refund.

The IRS Statute of Limitations allows tax filers three years to collect a tax refund. That means, you have until April 15, 2017. After this date the IRS will no longer send out 2013 tax refund checks. (more…)

You Can Still File A Late 2013 Tax Return

Posted by Michelle O'Brien on June 18, 2014
Last modified: October 6, 2016

You can still prepare your 2013 Tax Return online with RapidTax.

The 2014 deadline to file your 2013 taxes was April 15, 2014. If you missed the deadline and still need to file, you’ll want to do so as soon as possible.

What’s the big deal? Well, the longer you wait to file a late 2013 tax return, the more you’ll end up paying the IRS. If you owe tax, the number is gradually increasing by the day.

Avoiding filing and paying your taxes is like digging your own grave- and you’re just making the situation worse. RapidTax is here to help you file your late 2013 taxes.

Why It’s Best to File Your Late 2013 Taxes Now

  1. Penalties Increase as Time Passes: If you have a tax liability, then you’re failure-to-file penalties and failure-to-pay penalties are increasing as time passes.
  2. Claim Your Refund Before It’s Too Late: If you’re expecting a refund, the IRS has a three year statute of limitations for claiming tax refunds. Why not claim it now?
  3. Avoid Filing Issues:  If you have tax due on your 2013 tax return and expecting a refund from your current year, 2014 Tax Return,  you may not be able to collect your 2014 refund if you’re not caught up on your 2013 taxes.

(more…)

What Is the Last Day to File Taxes?

Posted by Michelle O'Brien on March 21, 2013
Last modified: October 6, 2016

Each year, “Tax Day” is April 15th & E-File Shuts Down on October 15th.

Each year, the deadline to file a tax return is April 15th. However, the e-file tax season doesn’t officially end until October 15th.

October 15 also marks the due date for filers who requested a tax extension.

That means, you must either file your return or request an extension by April 15th.

You can either e-file your return or mail in a paper return by the tax deadline. Note that if you are filing a paper return, your return must be postmarked by April 15th in order for it to be considered on time.

(more…)

2013 Income Tax Rates

Posted by Michelle O'Brien on February 19, 2013
Last modified: March 22, 2017

Here’s the individual income tax rates for 2013

If you still need to file your 2013 taxes, you may need a reminder of the 2013 income tax rates. These rates will play a major role in how much your 2013 tax refund or tax due total will be.

2013 Income Tax Rate Table

The 2013 tax rates for the bottom six brackets remain unchanged from 2012. The biggest change is the addition of a new rate of 39.6% for individuals with incomes above $400,000 and married couples filing jointly with incomes above $450,000. (more…)

Can you E-File After October 15?

Posted by Michelle O'Brien on October 19, 2012
Last modified: June 5, 2015

The e-file deadline date was October 15th, 2013 for 2013 tax returns, but you can still prepare your return with RapidTax

You can’t e-file after the October 15 deadline, but you can prepare your 2013 taxes with RapidTax. Once completed, you’ll print, sign and mail your taxes to the IRS.

The first tax deadline for 2013 taxes was April 15, 2014.  Those who requested an extension, had until October 15, 2014 to file.

As of, October 15th the IRS has shut down the e-file system. Although you can no longer e-file, you can still prepare and file your 2013 taxes.

(more…)