Can You File your 2018 Taxes After Completing Your 2019 Taxes?

Yes, you can file your 2018 taxes even after completing and filing your 2019 taxes. This process can be done through various methods, including visiting a reputable tax office, using online tax preparation software, or manually through the IRS website. Here is a comprehensive guide on how to proceed.

1. Visiting a Reputable Tax Office

A reputable tax office can file your 2018 return electronically. This method is efficient and ensures that your tax return is processed quickly. Tax professionals at these offices are well-versed in the latest tax laws and can provide additional guidance if needed. To find a professional nearby, check with local tax offices, accounting firms, or tax preparation centers.

2. Using Online Tax Preparation Software

Another option is to use online tax preparation software that can be loaded onto your computer. Many office supply stores and online retailers carry prior year software. These software packages can often allow you to electronically file your prior year return. However, if this option is not available, you can print and mail the return. Printing and mailing the return is a manual process, but it ensures that your information is accurately transferred.

3. Completing the Forms Online on IRS Website

You can also go to the IRS website and complete the forms online. Once completed, you can print them off and mail them in. This method is entirely manual, but it is a viable option for those who prefer to handle the process themselves. Keep in mind that the online forms do not perform any calculations, so you will need to ensure that all information is accurate before submitting.

4. Addressing Carry-forwards and Amending 2019 Return

It is important to note that most people do not have carryforward issues, such as excess losses from one year to the next or charitable giving limitations. However, if you do have such issues, you will need to amend your 2019 return after completing your 2018 return. If the amendment changes the outcome of your 2019 return, you should file an amendment for that year.

5. Potential Penalties and Interest

If you owe taxes for 2018, there may be penalties and interest applied. These penalties and interest are usually billed after you file your taxes. However, if you are getting a refund for 2018, you will not be charged a late filing penalty.

Conclusion

While it is generally straightforward to file your 2018 taxes after completing your 2019 taxes, it is crucial to ensure that all necessary steps are taken, especially if there are carryforward issues. Consulting with a tax professional can provide additional peace of mind and ensure that your taxes are filed correctly.

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