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Category: Tax for Business

PriorTax keeps you current on the most recent tax for business news from the IRS. There’s no need to decipher confusing IRS lingo because we’ve got you covered when it comes to business taxes. Always check back here for information on new business deductions and credits that you should be claiming for your LLC or Partnership. From claiming deductions to filing your return, we handle your taxes while you handle your business.

If you have questions about your business tax, then leave a comment on our blog posts. Our tax experts will provide you with the answers that you need!

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PriorTax CPA Review

Online CPA Services

With PriorTax, use our simple and easy-to-use website to provide your basic information and income statements with Online CPA Services support. For complicated filings, we offer more in-depth reviews with online CPA services.

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file 2020 taxes online

File 2020 Taxes Online to Efile

You can still file 2020 taxes online. However, the deadline for filing 2020 taxes on time was May 17, 2021. Or, if you got an extension, the deadline for filing 2020 taxes was pushed back to October 15, 2021. The deadlines have passed, the IRS will consider your 2020 tax return to be late. However, continue to accept prior year tax returns, including 2020 tax returns. The prior year tax services at PriorTax.com offer a cost-effective option to get up to date on your filing obligations. Preparing to file 2020 taxes online returns for previous years while helping you to ensure you are always filing following the right tax regulations for the right year.

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e-filing 2020 tax

eFiling 2020

IRS offers efiling 2020 options that allow for the speedy and secure submission of efiling 2020 tax returns online, including the individual efiling 2020 income tax returns that many of us need to file each year.

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taxes 2019

2019 TAX BRACKETS

Each of the seven taxable income groups or tax brackets corresponds to a tax rate. The seven 2019 tax brackets corresponded to the following tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.The U.S. personal income 2019 tax system is what is known as a progressive tax system. 2019 tax brackets are used to group taxpayers according to income ranges. This creates lower 2019 tax rates for lower-income earners and higher tax rates for higher-income earners.

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2019 tax return

2019 Tax Return

The deadline to file your 2019 tax return on time may have already passed. But if you’ve been putting off filing, there is no better time to file than today. By filing your 2019 tax return today, you will be able to minimize the amount you will eventually have to pay. In addition to interest on unpaid taxes, the IRS also has late filing and late payment penalties. Filing your 2019 tax return can stop the filing penalties from racking up, which is good news that can save you money. And if you overpaid and are owed a tax refund, by filing your 2019 tax return today, you will be able to claim your refund before it’s too late and ends up in the U.S. Treasury.

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file prior year taxes

FILE PRIOR YEAR TAXES

How to File Prior Year Taxes
Don’t stress about how to file prior year taxes. It is a step-by-step process that you can follow to file your prior year tax returns with confidence. Getting on top of filing prior year taxes may be easier than you think.

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Form 1099-NEC

What is Form 1099-NEC?

For the 2020 tax year, there’s a new income statement. The IRS has introduced a new form called Form 1099-NEC. Whether you’re well versed in reporting your taxes or not, this may be confusing. Typically, your self employment income is reported on box 7 of your 1099-MISC statement. For the 2020 tax year it is […]

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joe biden's tax plan

Understanding Joe Biden’s Tax Plan

Many Americans want to know how our future president’s tax plan will affect them. Biden’s tax plan will affect wealthier Americans, corporations, and everyday individual taxpayers. He also plans on making significant tax revisions on Trump’s previous tax plan which took place in 2017. Skip the tax jargon by taking a look at this quick […]

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efile taxes

Tax Deadlines for the 2019 Tax Season!

Important upcoming deadlines you need to know. Tax season is a stressful time for some taxpayers. However, knowing each tax deadline will give you a heads up so you know how to stay on top of your game. For all the 2019 tax deadlines that are left, take a look at the list of due […]

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Cyber Monday is HERE, with some sales tax…

Cyber Monday is HERE, with some sales tax…

We’ll surf through crowds to get our hands on the newest flatscreen tv. Like most Americans, we rush to get deals on Black Friday, or even better Cyber Monday. However, taxpayers rely heavily on Cyber Monday to buy the items they have on their wishlist because if an online retailer doesn’t have a physical presence […]

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