Take advantage of eFile your 2021 taxes smoothly in the upcoming tax season through PriorTax. If you fail to meet the deadline and neglect
Preventing a tax audit and knowing how to respond if you are selected for one are crucial aspects of responsible tax planning. While the Internal Revenue Service (IRS) uses sophisticated methods to select returns for audit, understanding common triggers and maintaining meticulous records can significantly reduce risk. Should an audit occur, a calm, organized, and […]
potential tax on tips exemption represent a major shift in how the IRS treats tip income and reshape the economics of service nationwide
The 2025 Personal Tax Planning Guide highlights several key areas that could significantly impact your investment tax strategies and tax obligations
New guidelines setting $5,000 reporting threshold for 2024 payments processed via third-party payment networks in Tax Form 1099-K in 2025
States Not Currently Supporting Tax Direct File in 2025 and states are participating in Direct File in 2025
At PriorTax, we’ve helped thousands of taxpayers discover overlooked tax deductions and tax credits from past taxes
When considering real estate investment opportunities, it’s important to acknowledge the potential risks involved along with the various tax benefits real estate investment can offer. Diversifying your investment portfolio through real estate is a common strategy that allows you to potentially generate income from a new source or transform a personal interest into a profitable […]
When you sell an asset, you may earn capital gains, which are the profits from the asset sales. The capital gain taxes rate on these capital gains can vary based on the time duration you held the asset.
Looking forward to filing your taxes? It’s not a sentiment everyone shares, but if you’ve been anticipating it, tax season is fast approaching. Prepare yourself for the 2025 tax season by noting the important deadlines for submitting your federal tax return, whether by mail or electronically. The official start date for filing is set for […]
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