Your past-due returns must be filed on the tax forms for the applicable year. Obtain the correct forms and instructions for the specific tax year.
#DOWNLOAD TURBOTAX 2014 AMEND DOWNLOAD#
TurboTax Tip: If you are missing a W-2 or 1099-R and cannot obtain a copy from your employer, you can download and complete Form 4852 as a substitute for a missing W-2. You need the names and Social Security numbers for each dependent you claim. You can also reduce your tax by claiming deductions and credits for any dependents you were eligible to claim for the tax years. If you don't have this, you can usually claim the standard deduction for each of those years. If you plan on itemizing deductions, you need to obtain whatever documentation you have that supports each deduction and complete Schedule A for the appropriate tax year. Just because you are filing your return late doesn't mean you forfeit all of the deductions you could have taken. You can typically reduce your tax bill with various deductions. Step 2: Determine deductions to reduce taxable income However, if your goal is to stop penalties and interest from accruing, you can always estimate your income and make a tax payment before receiving a copy of your 1099 or W-2 and filing your tax return. If you had a gain from the sale of any capital assets in those years, such as stocks, you need to report this income as well. If you are missing a W-2 or 1099-R and cannot obtain a copy from your employer, you can download and complete Form 4852 as a substitute for a missing W-2 or 1099-R. You'll need your prior W-2s and 1099s for those years. Gather as much information as you can about your income for the years you need to file. Your obligation to file these returns typically never goes away, but catching up may be easier than you think. If you are one of them, you might be racking up interest and penalties on back taxes every month you are late. Many taxpayers fail to file a return even when required to do so. Also, if you have self-employment income of $400 or more then you are likely required to file a tax return. For example, if your income is greater than your standard deduction you are likely required to file a tax return. The IRS requires you to file an annual tax return in various situations usually depending upon your income level. Your past-due returns must be filed using the tax forms and instructions applicable to that tax year.If you plan on itemizing deductions, you need to obtain whatever documentation you have that supports each deduction.If your goal is to stop penalties and interest from accruing, you can always estimate your income and make a tax payment before receiving a copy of your 1099 or W-2.Gather as much information as you can about your income for the years you need to file, including W-2s, 1099s, and any income you received by selling capital assets.