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The IRS announced the 2014 tax season is January 31-April 14, 2014.
Have you been wondering when you can file your 2013 taxes? The IRS announced the start of the 2014 tax season is January 31, 2014 for individual taxpayers. However, at RapidTax you can prepare your 2013 tax return starting on January 1, 2014.
Anytime throughout the month of January you can create an account on RapidTax and prepare your 2013 tax return.
Continue reading “When Does 2014 Tax Season Begin for Filing 2013 Taxes?”
The Tax Filing Deadline is April 15, 2015 for 2014 Tax Returns
The tax filing deadline to e-file a 2014 tax return is April 15, 2015. After this date, your tax return will be considered late.
If you don’t file your 2014 taxes by the April 15th deadline, you may have to pay late penalties if you aren’t all squared away with the IRS.
Luckily, RapidTax helps make filing your taxes easy so that you can file before the tax deadline.
Penalties and interest
Continue reading “When is the Tax Filing Deadline?”
If withholding doesn’t cover all of your tax obligations you may have to pay estimated taxes throughout the year.
You don’t need to worry about paying estimated taxes if all your income comes from being an employee. Your employer is required to withhold taxes from every paycheck.
You only need to pay estimated taxes if you have earnings that are not subject to withholding. This income can include
- self-employment
- interest
- dividends
- alimony
- rent
- gains from the sale of assets
- prizes and awards
Estimated taxes include both income taxes and self-employment tax, as well as other taxes. Continue reading “How and When to Pay Estimated Taxes”