Am I eligible to Free File? Get ready! Review eligibility criteria for each software provider before selecting a product. Not sure if you need to file? Choose OLT. Useful resources Get ready! Subscribe Sign up to receive Tax Tips for Individuals. Additional Information: A tax year is from January 1 - December 31 for any given year.
A tax season prepare and e-file returns for the previous calendar or tax year is from January 1 until October 15 of any current year. During any current tax season or calendar year, a timely tax return would be prepared and e-filed for the previous calendar year.
To put it simply: during January 1, - April 18, , you prepare and e-file taxes for the tax year of There are tax extensions if the taxpayer is unable to file by the date which can extend the filing deadline to October 15, , but not the payment deadline.
If you do not owe taxes, you can prepare and e-file until the October date without filing an extension.
One more Awareness Tip: Should you expect a tax refund for a previous year tax return, you practically don't have to worry about penalties. The only penalty you may face is a self-imposed penalty because you are letting the U. Government hang on to money that is rightfully yours. Be aware that you can only claim your tax refund for a previous tax year within three years of the original tax return's due date or deadline.
For example, you have until April 15, to claim a Tax Refund, April 15, to claim Tax Refund, and for until April 18, For all other back taxes or previous tax years, it's too late.
See information about unclaimed refunds for details. Unfortunately, if you owe taxes, there is no time limit; this is only if you expect a tax refund.
It is important to note, that the IRS may be able to collect tax that is past due and is greater than six years, although the law may limit the ability to collect this as time passes. Taxpayers can file a tax return as far back as needed, but refunds can only be claimed within three years of when the original return was due. The same is true for amended tax returns. Consequently, if you delay filing your taxes too long, you may not be entitled to credits or refunds.
Filing Older Tax Returns Taxpayers file prior year returns in much the same way that they file timely tax returns. Sometimes, however, gathering the necessary information can be difficult. The IRS issued more than 9 out of 10 refunds to taxpayers in less than 21 days last year.
The same results are expected in You will be able to check on the status of your return within 24 hours after the IRS has received your e-filed return versus 4 weeks if you mail a paper return.
The IRS e-file program offers a quick, easy, and accurate alternative to paper tax returns. Doing your taxes online with OnLine Taxes and e-filing your tax return is by far the fastest way to receive your income tax refund. E-file is safe, secure secured by Verisign , easy prepare and e-file in as little as 20 minutes , and the most accurate way to file your tax return. IRS e-file is quick! IRS e-file is easy! IRS e-file is accurate! Start your IRS e-file now!
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