- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Chances are more than 50% you need information from your 2018 return in order to correctly complete your 2019 return.
- Do you own rental property?
- Are you self employed?
- Are you the owner of any type of business that issues you a K-1, 1099-MISC or *any* *other* *kind* of tax reporting document?
- Do you have carry over losses from a prior year that have not been fully deducted yet?
Take note that since your 2018 tax return was done by a paid accountant, they did not use TurboTax to complete it. There is no way possible for you to import a prior year return that *YOU* *PERSONALLY* did not complete and file. So without your paper copy, you're just "out there" and on your own.
Finally, take note that for 2019 the IRS has extended the deadline for filing a personal tax return until July 15th, 2020. You do have the option for file for an extention which will give you until Oct 15th, 2020 to file your 2019 tax return. You "can" use TurboTax for that without having anything from your 2018 return.
Take note that if you file an extension, that is "ONLY" an extension to *FILE* the return. If you will owe the IRS money, it is ***NOT*** an extension to pay anything you may owe the IRS. So if you "think" you will owe the IRS money, you pay an estimate of what you "think" you will owe at the time you file your extension. You can also pay what you "think" you may owe directly to the IRS *right now* if you want, at www.irs.gov/payments. So if you pay an estimate *PRINT* *YOUR* *RECEIPT* and keep that receipt *FOREVER*. If the IRS comes back and says you didn't pay on time and you don't have a receipt to prove otherwise, guess what? *You* *Did* *Not* *pay* *on* *time*. Period.