Raise your hand if you still need to file your 2013 tax return. PriorTax is here to help!
Have you been putting off filing your 2013 taxes and still need to gather your 2013 tax forms?
Maybe you haven’t yet filed your 2013 tax return because you’re unsure of how to fill out a 2013 tax form 1040.
Whatever the case may be, we understand that completing a 2013 tax return may seem overwhelming. However, as much of a headache taxes may appear to be, it’s best to get your 2013 tax return out of the way sooner rather than later.
The good news is that PriorTax makes completing a 2013 tax return easy. In fact, while other online tax services no longer offer 2013 tax software, you can prepare your 2013 taxes online with PriorTax!
Before, getting started, here’s a few 2013 tax return tips to keep in mind.
#1: Late fees increase as time passes.
If you’re getting a refund, there’s no need to freak out. You won’t face late fees for filing late. However, if you have tax due on your 2013 taxes, then the longer wait to file and pay your tax bill, the worse the penalties become.
There are two types of late penalties; a late-filing penalty and a late-payment penalty. Here’s what you need to know about each:
- Late-filing Penalty: 5% of the additional taxes owed amount for every month (or fraction) your return is late, with a maximum penalty of 25%. Keep in mind, if you file more than 60 days after the due date, then you’ll be fined at the very least, a minimum penalty of $135.
- Late-payment Penalty: 0.5% (1/2 of 1%) of the additional tax owed amount for every month (or fraction) your tax remains unpaid, up to a maximum of 25%. For any month that you receive both a late-payment and late-filing penalty, then the 0.5% late-payment penalty is waived.
#2: File your return ASAP, even if you can’t pay your total tax bill.
The late-filing penalty can be 10 times higher than the late-payment penalty, so it’s best to file your return as soon as you can, even if you can’t pay your tax bill right away.
Not to mention, the IRS is willing to work with you to set up a payment plan to pay your tax due. You can call the IRS directly at 1-800-829-1040.
#3: You have until April 15, 2017 to collect your 2013 refund.
If you’re expecting to receive a refund from your 2013 taxes, you should file as soon as possible to receive the money you’re entitled to. There’s a three year IRS statute of limitations, meaning after April 15, 2017, you won’t be able to collect your 2013 refund.
#4: Use 2013 online tax preparation to file your tax return.
Taking on the task of completing a tax return yourself will cost you time and aggravation while hiring an accountant to do it for you will cost you a fortune. Save your time and money by entering your tax information on PriorTax and we will do the hard work for you.
If you have questions along the way, you’ll be able to call, chat or email the PriorTax team!
#5: Don’t forget to mail your 2013 tax return to the IRS.
Whether you use an online tax service or complete the tax forms yourself, you’ll need to paper file your 2013 taxes to the IRS. Unfortunately, as of October 15th, you’re no longer able to e-file (electronically file) your 2013 taxes.
That means, you’ll need to print, sign and mail your 2013 tax return to the IRS. Keep in mind that you will also need to print, sign and mail your prepared state tax return to the appropriate state revenue department.
Whatever you do, don’t wait any longer to file your 2013 tax return. Your late penalties add up the longer you wait or you’re missing out on a refund that could be in your pocket instead of sitting with the IRS!
To get started on your late 2013 tax return, create an account on PriorTax. In no time, you’ll have your 2013 taxes finally done with!