Posted on

How To File 2013 Taxes Late

You’ll no longer be able to e-file, but you can still file your 2013 tax return

The deadline to e-file a 2013 tax return was October 15, 2014.

If you haven’t yet filed your 2013 taxes, you’ll still be able to prepare your 2013 tax return online but you’ll need to mail it to the IRS rather than electronically filing.

With RapidTax, you can file 2013 taxes late. All you’ll have to do is enter your information and after your return is prepared, you’ll print and mail it to the IRS.

Whatever you do, don’t put off doing your 2013 taxes. The later you file, the more you’ll end up handing over to the IRS. Save your money, and the headaches and get it out of the way!

You can still get your 2013 tax refund

If you’re late filing 2013 taxes and expecting a tax refund, you’ll be happy to hear you can still collect your refund.

The IRS Statute of Limitations allows tax filers three years to collect a tax refund. That means, you have until April 15, 2017. After this date the IRS will no longer send out 2013 tax refund checks. Continue reading “How To File 2013 Taxes Late”

Posted on

Can I File My 2011 Taxes in 2015?

April 15, 2015 was the last day to file your 2011 taxes to claim your refund!

Yes, you can still file your 2011 tax return. Unfortunately, you can no longer claim your 2011 refund.

Thanks to the IRS statute of limitation, you only have three years from the original tax return due date to get your refund. Once the three years passes by, don’t expect to see a penny of your refund money.

If you still need to file your 2011 taxes & owe tax…

If you still need to file your 2011 taxes, you should do so as soon as possible. If you weren’t expecting a 2011 tax refund and instead have tax due, you should keep in mind that failure-to-file fees, failure-to-pay fees and interest increase by the day. The longer you wait, the more you’ll end up paying. Continue reading “Can I File My 2011 Taxes in 2015?”

Posted on

Capital Gains Tax 2014

Here’s what You Should Know about Capital Gains Tax 2014

Did you sell certain assets such as stocks or bonds during the tax year? If so, you’ll need to report it on your tax return as a capital gains.  The tax you pay on it will be dependent on the type of capital gain it is and your income tax bracket.

As of 2013, the capital gains tax rate has become significantly more complicated. Fortunately, RapidTax is here to help clarify how much you’ll need to pay in capital gain tax. We’re also here to help you report your capital gains; both short term and long term.

Difference Between Long Term & Short Term Capital Gains

You may incur capital gains if you sell a certain asset such as;

  • stocks
  • bonds
  • property owned & used for personal purposes
  • property owned & used for investment purposes

Do note however; not all capital gains are the same. The IRS divides capital gains into two categories; short-term and long-term. Short-term and long-term capital gains are taxed differently. Before learning the capital gains rates, you’ll first need to know the difference between the two;