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Tag: failure-to-pay

Posts Tagged ‘failure-to-pay’

Did You Miss The 2018 Tax Deadline?

Posted by Manisha Hansraj on October 14, 2019
Last modified: October 23, 2019
missed 2018 tax deadline

Time waits for no one, especially the tax season.

With the year ending soon, another tax season is on the way. If you’re stuck trying to figure out what the next steps are for the missed 2018 tax deadline, keep reading.

Can you still e-file your 2018 tax return?

Although April 15, 2019, was the original tax deadline, you can still e-file your tax return until October 15, 2019. After this date, you will be required to paper-file your tax return. This means that you must to print, sign, and mail your tax return to the IRS and your state department of revenue.

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April 15, 2020 is the Last Chance to Claim Your 2016 Refund!

Posted by Manisha Hansraj on May 6, 2019
Last modified: May 9, 2019

2016 refund

Set an alarm on your phone, write on your notepad or put an “x” on your calendar.

Like most taxpayers, you may be rushing to claim your prior year refunds. If you remember that you have a 2016 refund waiting for you, you’re not too late.

Read below to find out if you can still claim your refund.

Can I still claim my refund?

Luckily, because of the IRS Statute of Limitations for prior year refunds. You have three years from the original tax deadline of your return to claim your refund. Otherwise, your refund expires and goes straight to the IRS. That being said, the original tax deadline for 2016 taxes was April 18, 2017, due to April 15th falling on the weekend and Emancipation Day right after.

Deadline to claim your refund

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Tax Deadlines for the 2019 Tax Season!

Posted by Manisha Hansraj on April 12, 2019
Last modified: April 12, 2019

2019 tax deadlines

Important upcoming deadlines you need to know.

Tax season is a stressful time for some taxpayers. However, knowing each tax deadline will give you a heads up so you know how to stay on top of your game.

For all the 2019 tax deadlines that are left, take a look at the list of due dates below.

April 15, 2019

  • Individual Income Taxes deadline
  • Last day to file and pay if you owe taxes to the IRS without accumulating penalties
  • Final day to file a tax extension to the IRS
  • First Estimated Quarterly Tax Payment due
  • Sole proprietor, LLC, and corporation taxes due
  • IRA contribution deadline
  • Last day to postmark, paper-file and claim your 2015 refund

April 17, 2019

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When is the Deadline to File Taxes for 2018?

Posted by Manisha Hansraj on September 19, 2018
Last modified: November 28, 2018

deadline to file taxes 2018

Am I too late to file my 2017 taxes?

For taxpayers who are receiving a refund, there’s absolutely nothing to worry about! The IRS does not attach penalties to late returns that have refunds. On the other hand, if you had a tax due to the IRS, you must have paid your taxes to the IRS by the tax deadline which was April 17, 2018 or you will be subject to penalties.

Read on to find out the steps you need to take in order to file your return.

Can I still E-file?

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Can I pay my federal taxes with a credit card?

Posted by Manisha Hansraj on September 10, 2018
Last modified: September 18, 2018

Can you pay federal taxes with credit card

The IRS can’t directly accept credit card payments due to tax laws.

However, they can accept payments through a third-party processor. For example, online tax preparation companies are third-party processors since they are designated by a merchant to handle transactions for merchant acquiring banks. They can then assist you in making your credit card payment towards your tax bill to the IRS.

Here’s what you need to be prepared for when you plan on using the credit route.

There are no flat fees when using your credit card.

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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…)

Filing a 2015 Tax Return in 2019

Posted by admin on March 18, 2016
Last modified: October 14, 2019

Forget to file your 2015 tax return? Let’s get you caught up.

Sometimes, procrastination gets the best of us and we fall behind. It happens. Most procrastination-fueled situations can be resolved. There’s no exception when it comes to filing your late 2015 taxes.

Can I still file a 2015 tax return in 2019?

April 18th, 2016 marks the tax filing deadline for 2015 taxes . The good news? You can still prepare your tax return after the deadline and mail it to the IRS. The bad news? If you owe additional tax for 2015, you may be faced with penalty fees. If you forgot to file by the deadline, you will be responsible for the failure-to-file penalty. You will be liable for the failure-to-pay penalty if you didn’t pay the IRS on time. These will be explained further in a few.

Can I prepare my 2015 taxes online?

You missed the filing deadline. That doesn’t mean you have to scrape the bottom of the barrel when it comes to your tax preparation. You also won’t need to dip into your savings to afford it. You can still prepare your taxes online which happens to be inexpensive and pretty easy.

All you need to do is follow these 5 steps. (more…)

Can I Still E-File 2014 Taxes after April 15?

Posted by admin on March 18, 2015
Last modified: December 16, 2016

You can file or you can rack up IRS penalty fees; the choice is yours!

The very last day to E-file 2014 tax returns was October 15, 2015. If you’re reading this after the October 15th deadline, you can still prepare your return online. You’ll just need to paper-file it instead of E-filing it. That being said, without a tax extension, your 2014 tax return will be considered late if it is filed after April 15th, 2015.

If you’re expecting a refund from your 2014 taxes, you won’t be penalized for filing late. However, if you have tax due, you’ll face IRS late penalties for filing after April 15th.

Beware of IRS late penalties!

Plan on filing after the April 15th deadline? If you have tax due, you could end up with a tax bill costing you an arm and a leg.

IRS late fees include the following:

  • Failure-to-file penalty: the penalty for filing late is 5% of the additional taxes owed amount for every month (or fraction thereof) that your return is late, up to a maximum of 25%

  • Failure-to-pay penalty: late payment penalty is 0.5% (1/2 of 1 percent) of the additional tax owed amount for every month (or fraction thereof) the owed tax remains unpaid, up to a maximum of 25% (more…)