Archive for the ‘Tax Tricks and Hints’ Category

Is Filing Past Year Taxes Still Possible?

Thursday, January 27th, 2011

When a new tax season starts, people tend to forget about the old one, often to their peril. See, millions of American’s still last year’s taxes (or the year before or the year before) think about,. Sometimes it’s because they still have a valid extension, sometimes it’s because they forget and now they want to deal with it even less, and sometimes it’s because they weren’t aware they were eligible to file taxes. It’s the last one that the IRS will really use to get you.

Fortunately, filing past year taxes is possible at any time of the year. Even more fortunately, most people who file back taxes find out they’re eligible for a refund! The important thing is to file taxes before that refund gets garnished by fines. Here’s our back taxes advice (more…)

Should I File Past Taxes From Years Ago Now?

Wednesday, January 12th, 2011

It’s the start of a new year, which means it’s a good time to start thinking about filing your taxes. But what if you still have past taxes to file? Is it a good idea to file last year’s taxes if you still owe taxes from a few years ago? Of course it is! Back taxes can be a huge burden, financial, and a detriment to getting your full, current year refund. The sooner you file them, the better.

Fortunately, filing your past taxes makes filing your current year taxes easier–and vice versa. So make this year the year you get all your taxes taken care of. Here’s how: (more…)

Why Past Tax Records Important–And How They Can Save You Money!

Friday, December 3rd, 2010

Every year, millions Americans literally throw out hundreds–potentially thousands–of dollars. This is because every year during spring cleaning, people toss out their past tax records. These records can be worth their weight in gold.

Savvy negotiators have used their past tax records to save 5%, 10%, even 25% on everything from mortgages to business loans to buying a new car. And you can to. Here’s how, in 3 easy steps: (more…)

File Your Past Year Taxes–And Get Money Back!

Wednesday, November 17th, 2010

A lot of people who owe back taxes see themselves as caught in a terrible catch-22: they think they owe lots of money, but they have no money to pay back their debt. For most people who still have to do past year taxes, this is simply not true. Most people who have yet to file taxes for past years are actually owed money by the government.

And for those who do owe money? Well, there are plenty of good reasons to still file your past year taxes: (more…)

Can I Get Copies of My Past Income Tax Forms (and Save Money)?

Tuesday, November 9th, 2010

Copies of past income tax forms are one of the most valuable and most overlooked financial documents out there. While bank statements, student loan debt payment records, and saving accounts can show you how much money you have, your past tax returns create a financial record that shows where your money has been and how you earned it. Not only that, but they can help you save up to 20 percent on home mortgages, car loans, and more!

How can copies of your past income tax forms accomplish all that? Here’s how: (more…)

Can Past Year Tax Returns Be Filed Any Time?

Wednesday, October 20th, 2010

Most of us have missed a deadline once (ok, maybe twice) in our life. Maybe we turned a paper or school project in late. Maybe we missed a great deal on plane tickets by this much, maybe we just plum forgot something. For example, to pay our taxes. Maybe that deadline we forgot was (*gulp*) filing our past year tax returns. Now what do you do?

Fortunately, past year tax returns can be filed at any time during the year.

Really. Here’s why: (more…)

How Much Do Past Years Taxes Affect My Credit Score?

Wednesday, October 13th, 2010

Credit scores are something that gets a lot of people in trouble. They get into credit card debt and find out it’s hard to get a house later on in life. Other people with no debt have trouble getting a loan because they don’t have enough of a proven track record. Throw in all other types of financial obligations–like student loans, debit cards, checks, savings accounts, etc.–and you can see how it gets confusing fast. But since I know about taxes, something I get asked a lot is if past years taxes affect your credit score. And, if so, how much.

And, of course, the answer is: it’s complicated.
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Can I Still File Past Year Taxes?

Tuesday, August 3rd, 2010

How many times have you just forgotten to do something? With all out responsibilities, it’s easy to lose track of some of them. Maybe you didn’t write down that doctor’s appointment. Maybe you were an hour late to a dance recital. Maybe you forgot to pay past year taxes. The last one is more common than you think–and is also the most detrimental the longer you wait.

Fortunately, you can still file past year taxes. And even more fortunately, you’re still eligible for a refund! In fact, most people who haven’t paid their old taxes are due a refund. Here’s why:
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Is It Too Late To File My Past Tax Returns?

Tuesday, July 27th, 2010

No!

If you’re the average American taxpayer, statistics show that you’re likely to miss a filing deadline at some point in your life. This happens for a lot of reasons: work, vacation, or financial. But if it happens to you (and if it’s happened this year) the first thing you need to do is stop panicking. It’s never too late to deal with past tax returns–you just have to do what you’re doing!

So what do you do when you realize you have some past tax returns?
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Remove the Debt of Past Years Taxes–And Even Earn Money!

Tuesday, July 20th, 2010

Debt hurts all of us. The longer we let it hang there, the more damage it does to our credit, to our lives, and to our stress levels. Fortunately, while the road to getting out of debt can be long, the process can be easy–if you plan for it. Here are 3 ways that your past years taxes can help you move out of debt and even earn you money!

  • By filing your past years taxes. If you haven’t filed some of your tax returns, you should stop reading this and do that immediately. Lacking tax records is one of the biggest ways that people accumulate poor interest rates and poor credit scores and it is easily, easily fixed. In fact, many people who have failed to file their back taxes are actually owed a refund! By letting those old taxes linger unfiled, you’re only hurting yourself.
  • (more…)

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