I have 2014 Turbotax Deluxe and I need to download TurboTax Home & Biz. I have tried to download from the software, but it will download. Please help me?
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No you can no longer purchase software for tax year 2014 from TurboTax.
No you can no longer purchase software for tax year 2014 from TurboTax.
there are offers for such software on the web but they cant be updated to reflect the tax laws in effect for 2104, do not buy.
if you're do a refund, forget it, the time for filing to get a refund for that year has passed.
however it's different if you owe
Here are five truths about how many years the IRS to collect back taxes from you:
1. There is an IRS statute of limitations on collecting taxes. The IRS is limited to 10 years to collect back taxes, after that, they are barred by law from continuing collection activities against you.
2. The IRS 10 year window to collect starts when the IRS originally determines that you owe taxes – that is usually when you filed your tax return, or when the result of an IRS audit becomes final. ie if you don't file the statute never runs.
3. You can unknowingly give the IRS more time to collect. The filing of an offer in compromise, innocent spouse request, collection due process appeal or bankruptcy all gives the IRS more than 10 years to collect. Each of these acts extends the 10 years during the time they are pending. If you submit an offer in compromise, and it takes the IRS 9 months to investigate it, and the compromise is rejected, the IRS will tack 9 more months on to your collection time frame.
4. IRS tax liens become legally unenforceable when the collection window closes. After the collection statute of limitations expires, the IRS will no longer have an valid lien on your property, including your house.
5. After the IRS can no longer collect from you, they will make an internal adjustment to their books and credit your account for the amount of unpaid taxes, interest and penalties. IRS account transcripts can be obtained verifying that you no longer owe them – they will contain a line entry along the lines of “Time Frame To Collect Expired” and a resulting zero balance.
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