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Tag: 2009 tax return

Posts Tagged ‘2009 tax return’

Can I File My 2009 Taxes Online?

Posted by admin on October 20, 2016
Last modified: August 29, 2019

You can prepare your 2009 tax return online with PriorTax.

Once, a long time ago, 2009 tax returns were due on April 15, 2010.

If you’ve been putting off filing your 2009 taxes since that initial deadline, you may wonder why you should bother filing at all?

There are a couple of good reasons you should do it.

For one, the IRS has 10 years to collect on any tax you owe. For two, tax penalties for filing late increase by the day and, by now, they have really built up. The longer you wait, the worse the situation.

The good news is that you can still prepare your 2009 taxes online with PriorTax.

Will I Owe the IRS Late Penalties?

If you owe the IRS from the 2009 tax year, plan on paying late penalties. These late fees include:

  • Failure-to-file: 5% of your tax due total for each month your return is filed late, up to 25%
  • Failure-to-pay: ½ of 1% of your unpaid taxes for each month or part of a month left unpaid

The penalty for filing late can be ten times worse than the penalty for paying late. At the very least, file your 2009 return as soon as possible. Then, contact the IRS to arrange to pay your tax bill. They can set up an installment plan that will work for you. (more…)

Can I Still Claim the Making Work Pay Tax Credit?

Posted by Michelle O'Brien on February 25, 2016
Last modified: November 2, 2016

Tax credits are the IRS’ way of saying ‘Thanks’!

Even if you’re behind on filing past tax returns, it’s important to take your time and file each one accurately. Sure, in some cases you won’t be able to claim your refund after a certain period of time has passed but you can always reduce your tax liability. That’s what tax credits are for.

For the 2009 and 2010 tax years, there was a tax credit known as the Making Work Pay Credit. Did you know that you can still claim this credit on your tax returns for those years? Let’s find out if you qualify.

 

What is the Making Work Pay Tax Credit?

You might remember President Obama focusing in on the Making Work Pay Tax Credit as a key policy of his 2009 stimulus package. It was meant to initiate more household spending among families in the U.S. Well, it stuck…for a couple years at least. The credit was authorized in the American Recovery and Reinvestment Act of 2009. Many taxpayers saw a reflection of this credit as an increase in their paychecks throughout the year.

 

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