April 15th is the best-known tax deadline, but for some taxpayers, it’s just the beginning. Many people who owe past year tax payments to the IRS imagine a long and difficult process, fraught with legal complications. But it’s not nearly as bad as it might sound.
Continue reading “Did You Forget to Pay in the Past Year? Tax Time is all the Time for Some”
Many of us have people in our lives (usually parents or grandparents) who still do taxes the old fashioned way. They get forms the library and then sit for hours upon hours crunching receipts and struggling with forms. Some of us know people who give up and just hand everything to a CPA (certified public accountant) or tax preparer and hope they sort it out. But then there are people who know that not only is it easier to file your tax returns online, you can even do it years after they were due!
But you might ask: given the complexity of back taxes, why should you file past years taxes online instead of going to a CPA or tax preparer?
Continue reading “Why You Should File Past Years Taxes Online (Instead of Wasting Money and Time)”
In the seminal Your Money or Your Life, Joe Dominguez and Vicki Robin argue that in order to get a good grip on your financial future, you must first gain an understanding in your financial past. And the best ways to do this? Gather together your past tax documents and see how much you’ve earned over your entire life.
You might be wondering: how and why does this work? How can those old past tax documents add value to your financial future? What’s the trick here?
Continue reading “How Past Tax Documents Secure Your Financial Future”
It’s in the IRS’s best interest that you only really think about taxes once a year. That right after April 15th you start forgetting to save those receipts, or noting your mileage, or learning about new deductions to take advantage of. It’s even in their best interest that you have back taxes, but forget to file a past income tax return.
Why? Because it’s easy. And simple. Something you can do only today. And because you can earn money doing so.
Continue reading “The Secret The IRS Doesn’t Want You To Know: File a Past Tax Return–And Earn Money!”
The problem with the way tax law is written is that it’s far, far too confusing. The nice thing about e-filing services is that the cut through that mess and help you get the biggest refund for the most money (and time) invested. But as good as they are, they can’t answer every question.
In fact, one of the most common ones I get asked is: just what are past taxes anyways?
Continue reading “What Are Past Taxes and Why Should I Care?”
If there’s one piece of not so conventional tax advice this blog has tried to teach you, it’s that past tax returns can really help you in a lot of ways. From everything to making this years tax filing easier to getting a better mortgage, hanging on to your past tax returns really helps you out.
I hope I have you convinced, but: how do you get past tax returns?
Continue reading “How To Get Your Past Tax Returns”
We’ve talked about how copies of past tax returns can help you get a loan and help with your bills, but did you know that those past returns can also help you file your taxes this year?
Here are a few ways how:
Continue reading “Grab Your Copies of Past Tax Returns Before Filing This Year!”
America is a big country. While I’m sure the IRS would love to audit each and everyone of us, the fact is, they can’t. And unless you’re a notorious gangster or otherwise wanted for a crime, it may be that you go your while life without an audit.
So why bother filing past taxes at all?
Because the government owes you money.
Continue reading “Why Should I File My Past Taxes?”
Getting ahold of a past federal tax return isn’t a problem most of us expect to have. Usually when we file our taxes, that’s it. We send them off to the IRS and hope to never, ever think about them again, as long as we shall live.
Unfortunately, life doesn’t work that way. Mortgages, small business loans, and other credit agencies don’t work that way either. In fact, many of ’em demand a past federal tax return before they’ll even give you money. Oh boy. What’s an average tax payer to do, especially when time is of the essence?
Continue reading “How Quickly Can I Get My Past Federal Tax Return?”
Did you know that one of the most common forms of debt in the United States is also the most avoidable form? No, it’s not student loans or even credit card bills–it’s tax debt! Each year millions of Americans don’t file their taxes and get into tax debt. Too many think that if they just ignore the problem it’ll go away. Many others think that there’s no easy solution.
But did you also know you file past years taxes online?
Continue reading “Why Should I File Past Years Taxes Online?”