Before Report Self-Employment or Business Income, Know what You’ll Need If you need to report self-employment income or business income on a tax return, it’s best to organize the papers you’ll need before getting started. Filing a Schedule C may seem like a daunting task. However, you can avoid complications by keeping your records organized […]
After April 15, 2015, you’ll no longer be able to claim your 2011 Tax Refund Mark your calendar- April 15, 2015 is not only the deadline to file your 2014 tax return, it’s also the last day you’ll be able to file your 2011 tax return and receive your 2011 refund. The statute of limitations […]
Don’t let the IRS empty your pockets with penalty fees: file your late 2013 taxes now! Avoiding doing your taxes is tempting, we understand. However, late penalties and fees increase as time passes, so it’s best to get caught up, even if that means you have to file your 2013 taxes in 2015. The good news is […]
You do not necessarily have to “have a business” to receive a 1099-MISC- you’re still considered “self-employed” by the IRS If you opened up your mail to find a Form 1099-MISC rather than a W-2 form, you may think someone sent you the wrong paperwork. Don’t throw it away. Don’t shred it. Don’t use it […]
Reporting multiple sources of income on a tax return may seem overwhelming. We’re here to help. Most tax filers report income earned from an employer on a tax return. This information is listed on a W-2 form and is usually pretty easy to report on a tax return. However, filing a tax return can become […]
That’s right, the time to get a 2011 tax refund is long gone. But you must still file your taxes. ‘Better late than never‘ really does apply here. The IRS has a three-year statute of limitations which only allows tax filers three years to collect a tax refund from the original deadline date. Once three years […]
The IRS began accepting e-filed 2014 tax returns on January 20, 2015. Unlike the previous years, the tax season began “on time” this year, making January 20th the first day to e-file your 2014 tax return. With PriorTax, you can e-file your 2014 Tax Return up until April 15th (October 15th if you applied for a tax extension)! […]
Thousands of NY Middle Class Families will be receiving a $350 Rebate Check from NY State This Month If sometime over the next month you receive a $350 check from New York State, don’t throw it away. It’s not a joke. Instead, it’s a Middle Class Family Rebate from the state. That’s right, instead of […]
As you juggle LinkedIn, classified ads and resume critiques, keep in mind that your unemployment income is taxable. If you’re wondering if you need to file a prior year tax return for a year you were unemployed in, the answer is yes. Don’t look at unemployment as a free pass from taxes. In fact, if you’ve […]
Save this page to refer back to once you file your 2014 Tax Return! It’s never to soon to start thinking ahead to the upcoming tax season. After all, you may be wondering when you can expect to receive your 2014 tax refund money! In the past, the IRS posted a refund cycle chart, allowing […]
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