Tag: file taxes

File taxes for the current tax year and prior tax years online with RapidTax.

Posts Tagged ‘file taxes’

Tax Cuts and Jobs Act and How the Tax Plan May Affect You

Posted by Manisha Hansraj on December 11, 2017
Last modified: January 12, 2018

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New year, new taxes.

President Trump said that he wanted the new tax plan on his desk by Christmas. Nonetheless, the Tax Cuts and Jobs Act went through the Senate, House and flew by Congress. Ultimately, the Tax Cuts and Jobs Act tax plan has a goal to reduce the tax rates for individuals and businesses, which will ultimately affect how much you end up receiving your refund and paying in your tax liability. Most changes will expire in 2025 whereas some will remain permanent.

With the media raving about how taxpayers’ pockets will be affected, here are the changes that the new tax plan will lead to starting January 1st, 2019.

What was eliminated in the new tax plan?

(more…)

Someone Else Claimed My Dependent

Posted by Michelle O'Brien on October 27, 2016
Last modified: March 21, 2017

Did the IRS reject your tax return because someone else claimed your dependent?

Claiming a dependent is usually pretty simple: you give the IRS their social security number, certifying that your relationship with that person satisfies a few simple rules.

Things can get more complicated, especially if someone else also claims the same person as a dependent. If they file their return first, the IRS will assume it’s legitimate and award them the full tax benefit of the dependent. When you attempt to e-file your return, it will be rejected.

What can you do then?

The process is fairly straightforward. After your e-filed return has been rejected because someone else claimed the same dependent, you need to file a paper return. You can still prepare your return online. Instead of e-filing, you will need to print it out, sign it, and mail it to the IRS.

With your return, include a cover letter explaining your situation to the IRS as well as evidence proving that you have the right to claim the dependent (ie: medical records, school records, etc.).

The IRS will then review both returns claiming that dependent and determine which person should be claiming the dependent based on tax law. (more…)

How To File Taxes in Two Different States

Posted by Robert Flanagan on October 23, 2016
Last modified: October 24, 2016

Do you carry the burden of dealing with multiple states on your tax return?

For most of us, filing a state tax return is just another step in filing a federal return. Your tax-filing software just transfers your information to your state’s return and you’re done within minutes.

But what if you moved to a different state during the tax year? What if you worked in a state other than the one where you lived? What if you worked in multiple states? Suddenly filing state taxes becomes a little trickier and it may involve filing taxes in two different states.

Basically there are three different types of state tax returns that you need to worry about:

  • Resident
  • Part-Year Resident
  • Nonresident

(more…)

Do I Claim Zero, One, Two W-4 Allowances?

Posted by Emma Lawrence on October 23, 2016
Last modified: March 21, 2017

The last thing you want to do is frantically run up to your boss asking “How many allowances do I claim on my W-4?”.

Being aware of the number of allowances you are claiming on a Form W-4 [Employee’s Withholding Allowance Certificate]  is important for a variety of reasons. Most importantly, the number of allowances you claim on a W-4 determines the following;

  1. how much tax will be taken from your income (aka the withholding amount)
  2. the size of your tax refund

Steps to filling out a W-4

You’ll need to following four simple steps when filling out your W-4 Form:

  1. Fill out your personal information (Name, Date of Birth, Address, Marital Status)
  2. Know the number of personal and dependency exemptions you are claiming on your tax return.
  3. Based on the number from step 2, use that number to help determine your number of allowances.
  4. Don’t forget to sign the W-4 and turn it into your employer!

The allowances you claim while filling out a W-4 if you are single will differ from the allowances you claim if you are married or have kids.  (more…)

Can I File My 2011 Taxes in 2015?

Posted by Robert Flanagan on October 15, 2014
Last modified: October 6, 2016

April 15, 2015 was the last day to file your 2011 taxes to claim your refund!

Yes, you can still file your 2011 tax return. Unfortunately, you can no longer claim your 2011 refund.

Thanks to the IRS statute of limitation, you only have three years from the original tax return due date to get your refund. Once the three years passes by, don’t expect to see a penny of your refund money.

If you still need to file your 2011 taxes & owe tax…

If you still need to file your 2011 taxes, you should do so as soon as possible. If you weren’t expecting a 2011 tax refund and instead have tax due, you should keep in mind that failure-to-file fees, failure-to-pay fees and interest increase by the day. The longer you wait, the more you’ll end up paying. (more…)

Where to File: Customer Reviews of RapidTax

Posted by Emma Lawrence on February 11, 2014
Last modified: January 29, 2016

Not sure where to file your 2015 taxes? Check out what customers had to say about filing with RapidTax.

Your tax filing options are endless. 

You can drive to get your taxes prepared and dish out a couple hundred dollars. You can pay that tax preparer “friend” and cross your fingers that you’ll see your tax refund. Or you can pick an online tax company and file your taxes at home, in your pajamas. 

Most importantly, you want to be sure your federal and state taxes are filed safely. RapidTax offers safe, online tax filing so you can file your taxes quickly and easily! 

That means, instead of dishing out hundreds of bills after driving to a tax company or instead of taking risks with a questionable website or that tax filing “friend”,  you can file your taxes with RapidTax without wasting time and money. In fact, previous RapidTax customers agree.

You don’t have to take our word for it. Check out what filers had to say about their RapidTax experience!

 

RT Reviews

We are thrilled to hear the positive words and testimonials! We also love hearing any constructive comments, which we use to improve the tax filing process each year. Feel free to leave your comments below.

If before, you weren’t convinced about using the RapidTax website to file your 2015 taxes, maybe the customer testimonials helped. Take their word and let RapidTax guide you through a smooth tax filing experience this year.

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Updated for 2015 tax year.

How to File Your Taxes Without a W-2

Posted by Robert Flanagan on March 20, 2009
Last modified: October 6, 2016

Filing your taxes is hard enough when everything goes according to plan. But what do you do when you’re missing crucial documents?

How can you get your employer to give you the forms you need, and, if that doesn’t work, you can you file without a W-2 form?

First, you need to determine why you didn’t get a W-2. If your employer says you’re not supposed to receive one, you can file a form SS-8 with the IRS. They’ll be able to tell you whether your current status entitles you to a W-2.

2014 Tax Return Coupon

If your employer has shut down their business, it’s a matter for the IRS to decide. Similarly, if they are just refusing to hand out a W-2 even though you are supposed to have one, the IRS will go after them and start charging fines (the fine, at up to $50 per violation, is not enough to wreck a company or even ruin someone’s day – but sending the form is cheaper).

Filing Taxes Without a W-2

If you want to actually do the filing, you’ll need to fill out a different document: Form 4852. This form allows you to estimate your income and tax withholdings, based on previous pay stubs. If your pay stub shows your year-to-date contributions, you can just use that. Otherwise, you can add up all of your pay stubs. If you don’t have them, you can even make an estimate.

And what happens if you file your taxes without a W-2 and then your employer finally coughs it up? You can just fill out a 1040X to amend your previous filing, and everything will be back to normal.

Unusual tax problems call for unusual help. Fortunately, you can find tax preparers who specialize in this kind of issue. When you file your taxes without a W-2, you will fill out some fairly simple forms. But the details can be tricky, and since it may involve estimating some numbers that are pretty hard to estimate, it’s best to work with an experienced professional who knows which questions to ask and what to look out for.

With RapidTax, you’ll be able to receive help from the RapidTax team of tax experts.