Archive for the ‘Late Taxes’ Category

April 15, 2014 is the Last Day to Claim your 2010 Tax Refund

Monday, February 3rd, 2014

April 15, 2014 is the last day to file your 2010 tax return and claim your refund. For those with an extension, the deadline is October 15, 2014.

You may have April 15, 2014 on your mind as the deadline to file your 2013 taxes. April 15, 2014 is not only the deadline to file your 2013 taxes, but it is the deadline to file your 2010 taxes and receive your tax refund.

The statute of limitations allows up to three years for taxpayers to claim a tax refund. That means, any refunds outside of the three-year limit will not be granted. File your 2010 taxes online with PriorTax and receive your 2010 refund.

How do I file my 2010 taxes in 2014?

To file your 2010 taxes in 2014, simply create an account on PriorTax for the 2010 tax year. Once you finish, be sure to submit. Our team of tax experts will review your account for accuracy. Once reviewed your return will be available for download. You’ll have to print the return and mail it to the IRS.  It may take the IRS up to 12 weeks to process your 2010 tax refund.


I Need the IRS 2012 Tax Table

Wednesday, January 22nd, 2014

Do you still need to file your 2012 taxes but first need to learn the 2012 tax rates?  Take a look at our 2012 federal tax table.

If you did not file your 2012 taxes (in 2013), it’s best to do so as soon as possible. Before doing so, learn your federal tax rate for 2012. Regardless of what bracket you fall into, you should file your 2012 taxes sooner rather than later. PriorTax offers late tax filing not only for 2012 but also for years dating back to 2005.

The 2012 tax rates are generally the same as 2011′s tax rates. However, the 2013 tax rates increased from 2012 for taxpayers making over $400,000 (while the income tax brackets have slightly changed).  That means, it’s important to note the 2012 tax table differs from the 2013 tax table. (Hint- don’t use this tax table for filing 2013 taxes).


How To File My 2012 Taxes in 2014

Wednesday, November 13th, 2013

File your late 2012 taxes in 2014.  If not, the late penalties will continue to grow.

Procrastination happens. Maybe you planned to file your 2012 taxes when they were due, but ended up putting it off until a later date. Now, it’s 2014 and you still haven’t filed your 2012 taxes. Sound familiar? The good news is you can file 2012 taxes in 2014 with PriorTax. 

If filing your 2012 taxes was put on the back-burner, you don’t have to put it off any longer and can file your 2012 taxes in 2014. Yes, it will be considered late. However, it’s much better to file late, than to never file at all!  If the process of filing your late taxes is causing you mild stress, take a deep breath and simply follow our provided steps.


How Long Do I Keep Old Tax Returns?

Monday, November 11th, 2013

Fall is a great time to go through old belongings, throw out and donate what you don’t need and organize what you want to keep.

Fall cleaning often means throwing out a bunch of useless papers and junk. However, it’s a good idea to be careful of throwing away old tax returns.The general rule of thumb is to keep previous year tax returns for three years, although depending on your situation, you may need to keep old tax returns for a longer period of time.

The Three Year Rule

You should keep tax returns for three years from the date you filed or three years from the due date. The reason is linked to the IRS statute of limitations. The IRS has the right to review (audit) all tax returns for three years. Not only that, they also have the right to request supporting documents for your income and deductions reported. That means, you should also keep any supporting documents for three years.

Keep for Longer Than Three Years

There are specific circumstances in which the three year rule does not apply. You should keep tax returns for more than three years in the following situations:

  • If you omit more than 25% of your gross income on your tax returns, you should keep the return for six years. In that case, the IRS has six years to assess additional tax.
  • If you claimed loss for worthless securities or bad debt deductions, you should be save the tax return for seven years. (more…)

I Was in the Military and Need to File Prior Year Taxes

Thursday, November 7th, 2013

Were you deployed during tax season and didn’t file taxes? If you were in the military and missed filing prior year taxes, it’s not too late.

If you were deployed and missed filing taxes, don’t worry. In fact, tax deadlines are extended for many of those in the military. Not to mention, the deadline extensions for taxes already due apply to spouses of military members as well. This means, you (and your spouse) may think you’re filing late taxes when in reality, you’re not.

It’s important to note that U.S military personnel are not exempt from filing and paying taxes. If you were in the military (or even if you weren’t), your late tax returns can be filed on PriorTax for both federal and state taxes.

Two Month Extension for Overseas Deployment

Were you on overseas deployment? You still have to file taxes but at least you’ll have a two month extension! Here is some information worth knowing:

  • If you are stationed outside the US or Puerto Rico or you are abroad throughout the entire tax filing period, you automatically have a two month tax extension.
  • The two month extension requires no extra paperwork.
  • When filing the return be sure to write” Tax Payer Aboard” at the top of the 1040. (more…)

How Far Back Can I File Prior Year Taxes?

Monday, November 4th, 2013

Did you forget to file a prior year tax return?

Are you wondering if you can file a tax return all the way back, say, 6 years? The answer is yes, you can! You can file prior year taxes dating back to 2005 with PriorTax.

File Prior Year Taxes for 2005-2012 on PriorTax

By law, the IRS may assess penalties to taxpayers for both failing to file a tax return and for failing to pay taxes they owe by the deadline. Therefore, if you have not filed taxes from 2005, 2006, etc. it’s best do so now (or as soon as possible) on PriorTax.

The Law and Statue of Limitations Regarding Taxes

  •  You have three years to claim your tax refund. For example, the last day to claim 2010 tax refund is April 15, 2013
  • The IRS has three years to audit your tax return. That’s three years from the date you filed your tax return.
  •  The IRS has ten years to collect liable tax money. This is ten years from the date the tax liability was finalized (for example, from the date the tax was filed).


Federal Tax Debt Relief

Tuesday, October 22nd, 2013

There’s nothing less pleasant than owing the IRS money. Find out how PriorTax can help.

Most people who are late on their taxes find there’s nothing to worry about. In fact many get a refund. But for an unfortunate few, late taxes mean crippling debt that seems impossible to pay off. These problems, however, are not insurmountable.

Scary as it might seem, the IRS is a reasonable organization willing to work out a solution that works for you. In order to get results, however, you have to know how to navigate the tax code and the IRS bureaucracy.

That’s where PriorTax comes in. Our experienced professionals can work with you and negotiate with the IRS to make your tax burden more manageable. Here’s what we can do:

Stop Collections

The first thing we’ll do is stop collection of your tax debt while we negotiate a solution. We can issue a Stay of Collections which will stop IRS tax liens, levies, and seizures. This includes negotiating a full or partial release of IRS wage garnishment so that you can start making money again. (more…)

I Did Not File Last Year’s Taxes – Can I File My 2011 Taxes?

Tuesday, October 8th, 2013

How to file 2011 taxes and get your refund

Everyone makes mistakes. Sometimes life just gets away from you and before you know it whole years have passed. If that happened to you with your taxes and you still haven’t filed a 2011 return, never fear. You can file right here on PriorTax and even get your refund from the IRS without paying any penalties or interest.

How can I file my 2011 taxes?

Many tax filing websites shut down their applications for prior years as soon as the new tax season starts. Not PriorTax. We keep open our application for all previous years going back to 2005 so you can file for any year you need to, including the current year.

To get started on your 2011 return, just create an account and be sure to select 2011 from the drop-down menu. Then the online application will guide you through your return, with simple prompts that ask you to fill in all the relevant information. Once it has all your info, the application will automatically fill out your return and any other forms or schedules you have to file.

If at any point you need help, our tax experts are available via phone, live chat, and email. When you’re done they’ll review your return to make sure everything looks accurate. Then we’ll give you a copy of your completed return to download. (more…)

PriorTax Reviews

Monday, September 23rd, 2013

PriorTax is one of the best places to file late taxes online – just ask our customers

Here at PriorTax we allow our customers to take care of their taxes from a previous year. Our application gathers your information and then fills in your return automatically. Plus, free live help is available via phone, live chat, or email to answer your questions.

We take the stress out of filing late, and some of our customers like our system so much they come back every year to file their current taxes too.

Take a look at some of the comments left by our customers. And if you don’t believe these testimonials, check out the Better Business Bureau, where we have an A+ rating.

Quick and easy. Made it so simple to get my taxes up to date. No more IRS worries. Highly recommended.

~Tina from San Clemente, CA (more…)

Can I Take Late Returns to My Local IRS Office?

Friday, September 13th, 2013

Taxpayer Assistance Centers no longer accept returns for filing – you will have to mail your late returns to the correct processing center

There are IRS Taxpayer Assistance Centers (TACs) located all across the country. They can provide you with personal, face-to-face tax assistance if you have a problem that can’t be resolved online or over the phone.

However, you cannot go to a local IRS office with the sole intention of filing your return. The office will not accept it. Instead, they will ask you either to e-file your return if it’s for the current year, or else mail it directly to an IRS Processing Center.

In the old days it used to be that you could turn in a return for filing at one of these local office. But the IRS has seen its budget reduced in recent years and has cut its staff as a result. It’s simply not efficient for the IRS to employ people to do something taxpayers are just as capable of doing themselves.

When should you go to a TAC?

I wouldn’t go to a TAC just for general tax advice that could be gotten online or from a tax agent. Taxpayers Assistance Centers are great if you have already attempted to file your tax return and the IRS has rejected it. Or they have found a problem with it and have contacted you for more information. In these cases, visiting a TAC may be the fastest route to resolving the problem. (more…)