Posts Tagged ‘past taxes’

How do I Obtain Past Tax Returns?

Monday, January 24th, 2011

If you’re getting ready to file taxes for this year, one of the most helpful things you can do is have a copy of your past tax records on hand while you’re filing. Not only can it save you time doing your taxes this year, but it can also save you money throughout the year. Past tax information is one of the best ways to show a proven financial track record, and banks and other lenders treat them very seriously. Unfortunately, we have a tendency to throw them away or never save them to begin with.

So what if you’re lost those old returns? How can you obtain past tax returns years after you filed them? (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…)

Can I File My Past Year Taxes Return Now?

Friday, December 17th, 2010

Doing taxes every year can be a heavy burden for a lot of taxpayers. Even if they are eligible for a refund, the time and energy it takes to do them can create great difficulties. Perhaps that has been you–perhaps you got an extension, but maybe you did and now you’re not sure if it’s possible to file a past year taxes return?

Fortunately, it is. And as the new year approaches, the more it’s recommended. Once the new year approaches we will have ended another IRS fiscal year, which only increases your penalties and fines. So here’s the best way to file past year taxes returns now: (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…)

Can I Still File Past State Tax Returns?

Tuesday, November 23rd, 2010

If you get behind on federal income taxes the IRS lets you know. When you have past state tax returns to file? Not so much. States have a way of getting behind on taxes, which creates massive deficits, which makes it harder for them to do stuff like repair your highways. It can also mean that they have a bunch of refunds to hand out, but not the know-how or manpower to contact the people owed.

That’s right: if you have past state tax returns to do, you might be missing out on getting your own money back. And if you owe money, you may not have any idea until they start repossessing your house. What’s a taxpayer to do? Here are some steps to take: (more…)

A Refund When I File My Past Income Taxes!?

Saturday, October 23rd, 2010

Those of us who have missed tax deadlines have a lot to do. And sometimes, we don’t even know that we have missed them. Too often people don’t realize they owe back taxes until the IRS comes calling and sends them threatening letters. So what can you do to avoid that? How do you know when you’ve missed paying your taxes? And when you file those past income taxes, can you still get a refund?

Since the world of taxes is all too often shrouded in mystery, I’m here to provide some answers: (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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Will My Past Tax Return Save Me Money?

Friday, September 3rd, 2010

There are a few financial documents everyone should have in their home. A copy of their lease (or mortgage). A pay stub. Credit card bills. Investment documents. And the last few years of past tax returns. In fact, with that last item, you don’t even need some of the first ones. That’s because your old tax returns are among the most valuable financial documents you have. They can even save you up to 20% on loans!

Why is that? What makes a past tax return so important?
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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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