How to File Past Tax Returns (And Cancel What You Owed Last Year!)

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May 17, 2013

How to File Past Tax Returns (And Cancel What You Owed Last Year!)

Knowing how to file past tax returns is a skill that can help you in a lot of ways. It keeps you from falling further into debt. It helps you keep track of your financial history. It can save you money or bills. It can make filing this years return go a lot faster. But […]

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May 15, 2013

Active Service Military Tax Exemption

Some military income is excluded from taxes, but the rest you must include in gross income You don’t get to exclude all of your income from tax just for being active duty in the military. However, the IRS does allow you to exclude certain types of military income from gross income, which means you don’t […]

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May 9, 2013

Past Year Tax Filing For Dummies

Now that the past year is winding down, and with next year’s tax season just ahead, there’s no better time to think about catching up on your past year tax filings.There is no good time to have tax troubles, but this year and next year could be particularly bad times. In the past, many economic […]

File Your Past Year Taxes–And Get Money Back!

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May 7, 2013

File Your Past Year Taxes–And Get Money Back!

Most people who file past taxes get a refund, and even if you don’t, you can minimize your debt by filing A lot of people who owe back taxes see themselves as caught in a terrible catch-22: they think they owe lots of money, but they have no money to pay back their debt. For […]

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Apr 4, 2013

Hawaii State Tax Refund Status

Aloha! Let’s check that Hawaii refund status, shall we? Hawaii may seem far off from the rest of the U.S. with it’s amazing weather and coconut trees. Don’t worry, though. The IRS could never forget a state with the second highest tax rates in the country (shout out to NY in #1!). Whether you’re expecting […]

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Mar 22, 2013

How To File State Taxes Late

Preparing your late state tax returns is easy! Gathering your old information is the challenge. When many people suddenly remember that they skipped filing their state return a couple years ago or receive an abrupt letter from their state tax authority ordering them to file a return they immediately start to despair. They needn’t – […]

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Mar 21, 2013

File Tax Extension Online

You can electronically file a tax extension on PriorTax starting April 1st If you know that you won’t be able to file your return by the April 15th deadline, you can buy yourself some extra time by filing an extension online. It’s easy and it’s free. All you have to do is create an account […]

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Mar 8, 2013

Calculating Alternative Minimum Tax

You got a raise and now you have to calculate AMT on top of your regular tax! As if the tax code weren’t complicated enough, many taxpayers have to worry about calculating the Alternative Minimum Tax (AMT) on top of their regular tax liability. What is the Alternative Minimum Tax? The AMT is a separate […]

What If You Live in a State That Has No Income Tax and Work in a State That Does?

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Mar 4, 2013

What If You Live in a State That Has No Income Tax and Work in a State That Does?

Are you taxed where you work or where you live? Most people live and work in the same state, so filing state taxes is a no-brainer. But when you live and work in different states, taxes can get really confusing really fast, especially if your home state doesn’t have an income tax. So where exactly […]

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Feb 13, 2013

Who Must File a 1099?

Payers must file 1099s with the IRS and their payees must report this information on their tax returns There are different types of 1099s for different kinds of payments. The most common is a 1099-MISC. It’s used to report miscellaneous income. 1099-MISCs are only used to report payments made in the course of trade or business, […]

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