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…)