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How to E-File 2014 Taxes in 2017

There is a time and place for everything…including your 2014 tax return.

The 2015 tax season was that time and place. Although you’re a little late, you can still file your 2014 taxes. You just won’t be able to electronically file (e-file) it.

IRS e-file dates and deadlines

Each December, the IRS comes out with the e-file start dates and deadlines for that year’s upcoming tax season. For 2014 returns, those dates fell between January and October of 2015. The IRS promptly closes their e-filing system after that.

Can I still submit my 2014 taxes to the IRS?

Yes! You can and you should. You’ll need to sign and mail your tax return to the IRS instead of just submitting it online like you may be used to. The preparation process that you typically follow can remain the same. Not sure where to prepare your return? We can help you with that on RapidTax! It’s quick and easy; even for late tax returns. All you need to do is create an account with a unique username and password. Then begin entering your tax information into our user-friendly application. It’s even free to try with several pricing packages to fit your tax situation once you enter all of your information.

Can I still claim a 2014 tax refund?

That’s a yes! The IRS has a Statute of Limitations in place that allows taxpayers three years from the original due date to claim a refund. That means you can claim your 2014 IRS refund until April 2018.  Keep in mind that it will take a bit longer than usual to receive that refund in the mail since it is a prior year return now. It can take the IRS about 6 weeks to process an accurately completed late tax return.

What penalties am I facing for a 2014 tax due amount?

There are currently two penalties when it comes to late filing a tax return with the IRS. Continue reading “How to E-File 2014 Taxes in 2017”

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W-2 or W-4 Form: How Do They Affect My Taxes?

Are you confused on what a W-4 form is? How about a W-2?

You’re not alone.

The truth is, most of us don’t look at these complicated IRS forms on a daily basis, so when we do, we’re pretty lost!  However, it’s important to know the difference between a W-4  and W-2 as both impact  how much tax is taken from your paycheck and how big your refund may be when you file your taxes.

When do I need to look at these IRS forms?

W-4: You’ll receive a blank W-4 when you start a new job. As a new employee, you’ll be required to fill out this form.

W-2: Each year, at the end of January, you’ll receive a W-2 from each of your employers. You’ll refer to this form when preparing your tax return. Continue reading “W-2 or W-4 Form: How Do They Affect My Taxes?”

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What are the 2015 Refund Cycle Dates?

E-File Your Tax Return with RapidTax and Receive your Refund Within 21 Days!

In the past, the IRS released a refund cycle chart. This chart allowed tax filers to know exactly when they would receive their tax refund. Sounds helpful, right?

Unfortunately, the IRS no longer posts the refund cycle chart. Luckily, there are charts out there which give a pretty accurate prediction on when you’ll get your refund.

You may want to know how long it will take to receive your tax refund once you file your 2014 tax return.  Luckily, we’ve provided a refund cycle chart below.

Keep in mind however, these dates are NOT definite. They are only expected dates, based off of previous year trends. Continue reading “What are the 2015 Refund Cycle Dates?”