How To File Old Tax Returns – File Old Tax Returns

How to File Back Taxes – A Step By Step Guide

We’re pleased to announce the release of our new course – click image to learn more!

We know we’ve been “ghost” for a little while and all we can say is that a lot has happened during the period that we were all dealing with Covid-19. Part of what happened is we were in the Bat Cave deep in work. And today we have a very special announcement to make!

You see, this website is one of several that are operated by Wilson Rogers & Company. They are a financial services company based in Chicago that offer tax and other related products to the public. Well, as part of the launch of their new financial management site, Make My Money Make Sense, they have decided to offer courses. The first course to be launched? How to File Back Taxes – A Step By Step Guide.

This course is an expansion of their most viewed YouTube video (see below) How To File Back Tax Returns | TCC and will teach:

Those who have back taxes and are looking for a course how to solve them via a DIY method or,
Tax professionals who want to learn the nuances of filing back tax returns so they can either solve their client’s problems OR learn how to add this valuable service offering to their product line up.

To celebrate, from now until 11:30PM CST on December 31st 2022, customers can get it for 50% off the $97 normal price. To claim the discount use the coupon code “HOLIDAY50” at checkout (case sensitive). If you have any issues using the code just contact us via the email or phone number in the footer of this post.

To purchase the course or learn more you can visit the course and products page on the Make My Money Make Sense website or go straight to the sales page.

Deadline Extended to Claim Refunds for 2016 Tax Returns

Time is running out to file your 2016 tax return!

If you did not file a tax return for 2016, you may be one of over 1 million taxpayers who may be due a refund from that year. The deadline for you to claim a refund, on a tax return in which one was owed to you, is 3 years from its due date (including extensions). For example, if you were due a refund on your 2016 Income Tax Return (which was due April 15th 2017), you would have until April 15th 2020 to claim it. If you don’t file a claim for a refund within three years, the money becomes property of the U.S. Treasury!

Due to the Covid-19 pandemic, the IRS has extended the time to claim refunds related to 2016 until July 15th 2020.

Note, there is no interest or penalty for failing to file a return in which a refund was owed. However, if you have a balance due, those items can be pretty stiff as outlined in this post.

Here are some of the facts you need to know about 2016 unclaimed refunds:

The unclaimed refunds apply to those who didn’t file a federal income tax return for 2016.
Some people, such as students, part-time workers or seasonal employees may not have filed because they thought they had too little income to require filing a tax return. However, if you did not have a filing requirement, you may still have a refund waiting if you had taxes withheld from your wages. A refund could also apply if a taxpayer qualified for certain tax credits, such as the Earned Income Tax Credit.
The law requires that you properly address, mail and postmark your tax return by July 15th 2016 to claim your refund. 2016 returns CAN NOT be e-filed as they are not one of the 3 active years currently supported by the IRS Modernized E-File (MEF) system.

The IRS may hold your 2016 refund if you have not filed tax returns for 2017 and 2018. The U.S. Treasury will apply the refund to any federal or state tax you owe. It also may use your refund to offset unpaid child support or past due federal debts such as student loans.

If you’re missing Forms W-2, 1098, 1099 or 5498 for 2016, you should ask for copies from your employer, bank or other payer. If you can’t get copies, get a free transcript showing that information by going to IRS.gov. You can also file Form 4506-T to get a transcript.

Need help filing that 2016 tax return? Give us a call or visit the main page of our site and shoot us an email via the address in the footer. We have the software to file tax returns going all the way back to 2002 so we’re sure we can help you out with 2016!