Busy people often fall behind on filing their taxes and believe that they will get caught up next year. While there are other problems with filing taxes late, the one that most people are not aware of is that if you file over 3 years late the IRS will not pay you any tax refund. They keep any refund that you are owed!
The last day for for you to file for a refund for tax year 2013 is April 15th 2017. You snooze you lose. There is no extension allowed past this date. This IRS article shows how $950 Million in refunds are still waiting to be claimed for 2012.
Getting data for old tax returns is often not a difficult as it seems, even if you have lost your old W-2 and 1099 forms. A tax preparer can pull your records from the IRS quickly. Those records include all the information that your employer and banks have sent the IRS. This is the meat and potatoes of a tax return, then you can add more deductions either from your own records or online sources.
Time is running out for the 2013 return. If you need help with this or any other tax issue feel free to contact us.