Prior Year Taxes - Do Your Prior Year Tax Returns Online
March 7, 2010 by admin
Filed under Tax Deductions
Comments Off
Filing Your Prior Year Taxes
- If you are late on filing your taxes, or haven’t filed your prior year taxes, you are not alone.
- Thousands of people neglect to file tax returns in time. If you have not filed for the past 5 years ie. 2004, 2005, 2006, 2007 or 2008 taxes, you will still be able to file your prior year returns this year.
- The IRS allows you to file your prior year taxes providing your taxes are current through 2009.
- For example- If you didn’t file your tax return for income earned in 2007. The original deadline for that was April 15th, 2008. To be eligible for a refund you must file your 2008 tax return by April 15th, 2010.
To file a prior year tax return you would need to find the prior years tax forms. Unfortunately this is not very easy to find, even on the irs site. However there is some relief. A few tax websites are now offering preparation of prior year taxes online!
Preparing Your Prior Year Taxes Online
- Filing your prior year taxes online is easy. You do not need to locate prior year tax forms or go to a tax preparer and pay hundreds of dollars.
- Secondly, when you file your prior year taxes online, you get an immediate confirmation from the IRS.
- You can file your back taxes from past years with minimal effort using online tax sites. In fact there are only a couple of tax websites which can do your prior year taxes online.
Back Taxes in Four Steps - Helpful Hints and Guidelines
April 10, 2009 by admin
Filed under Tax Articles
Even though paying back taxes is important, you do not want to move so fast that you get off track. There are many steps that you need to take, and doing so in order will make the process easier and less stressful.
Do you owe taxes? If your answer is yes, or think that you might in the near future, you need to know how to pay. Here are four steps to follow:
- Gather all documents that will help during the filing and paying of your taxes. Remember, you cannot pay the IRS until you have a clear cut idea of how much you owe them. This is why you need to first file for every year that you missed. Important documents include 1099’s, W-4s, business expenses, deduction receipts, and anything else you will need to complete an accurate return.
- Unless you are 100 percent confident in your ability to file and pay your taxes owed the proper way, you need to get the help of a tax resolution firm. Due to complex codes and confusing situations you will be better off if you are working with a professional.
- Before you begin paying the IRS you want to attempt to settle your liability for less than what you owe. Again, this is something a professional can do for you so you can avoid direct contact with the IRS. There are many ways to reduce your tax liability, but most people are not aware of every last one. Even though you will pay to hire a professional, in the long run it can mean owing less in back taxes.
- Decide exactly how you are going to get into good standing with the IRS. Will you send one check for every last penny that you owe? Will you enter into an installment agreement? How about a PPIA? Choose the right repayment option so that you can pay your back taxes as efficiently and quickly as possible.
If you do not want to pay back taxes you should avoid getting behind. If you do find yourself owing the IRS you need to follow the steps above, one at a time, until you get to a point where you are comfortable with your situation.
|
For more in depth tax self help information or to connect to a trusted tax professional to help with paying back taxes visit BackTaxesHelp.com |
Learn How You Can File Back Taxes Online
