Running late? Luckily, you can file a late 2013 tax return online with RapidTax!
You desperately need to file your 2013 taxes but somehow continue to put it off.
Sound familiar? You’re not alone. Filing taxes, especially late taxes, can seem overwhelming, time consuming and draining.
Rather than trying to file your late 2013 tax return yourself, you can pay an accountant outrageous fees to do it for you. Don’t waste your time or money. Instead, file your 2013 taxes online with RapidTax and have it completed within 15 minutes.
Will I pay late fees for filing my 2013 taxes late?
If the IRS owes you a refund from your 2013 tax return, you won’t have to pay any late fees.
However, you will be penalized if you have tax due. There are two IRS late fees you could end up facing:
-
Late-Filing Penalty: For every month past the deadline that your tax return has not been filed, a 5% penalty of your tax bill amount, up to a maximum of 25% (the minimum penalty is $135 or 100% of your unpaid tax; whichever smaller) is added to the amount you already owe.
-
Late-Payment Penalty: For every month your tax bill goes unpaid, there’s a fee totaling .5% (½ of 1%) of your tax bill.
That’s a lot of extra money you’re giving away to the IRS.
If you’re freaking out because you haven’t filed your 2013 tax return or paid your tax liability bill, you should note the late-payment penalty will be waived. However, the longer you wait to file and pay, the worse the situation becomes.
If you can’t pay your tax bill right now, you should at least file your tax return. The late-filing penalty can be 10 times higher than the late payment penalty!
What if I’m expecting a refund?
You’re in luck…again! Not only can you still file your 2013 tax return, penalty-free. You can also claim your 2013 refund. The IRS has a three-year threshold rule when it comes to claiming tax refunds. Another rule, but this one’s not so bad. You have three years from the original April deadline to claim your refund for the year you’re filing for.
Can I File My Late 2013 Taxes Now?
It’s pretty clear that you shouldn’t wait another day to file your 2013 taxes.
Luckily, you won’t need to fill out complicated 2013 tax forms. With RapidTax, you can enter your information into the user-friendly 2013 Tax Software- no forms needed.
Don’t wait any longer. Get it out of the way. Create an Account today.
Updated for 2015 tax year.
