Home Blogs Category: Tax Tips and Tricks

Category: Tax Tips and Tricks

Taxes are confusing and cause many taxpayers stress come tax season but PriorTax is here to help. Learn the tax tips and tricks to get you through the preparation process. You could be missing out on more money from the IRS which is why we want to help. We’ll let you know about hidden deductions and rare credits to report on your tax return to maximize your refund. Don’t hesitate to leave a comment on our blog if you have a question about your tax situation. Also, check back here for new tips and tricks throughout the tax season because our team is on the lookout!

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6 Reasons to Choose the PriorTax CPA Review

6 Reasons to Choose the PriorTax CPA Review

With only two certainties in life, nixing your accountant is a tough choice to make. Choosing PriorTax means you don’t have to. When telling some people to ditch the accountant and file their taxes online instead, they look at you like you just told them to stop drinking coffee in the morning. It’s scary, sounds […]

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11 Sensible Ways to Spend Your 2012 Tax Refund

11 Sensible Ways to Spend Your 2012 Tax Refund

Did you know you have until April 18th, 2016 to claim your 2012 tax refund? If you didn’t know, then this information might feel a little like finding a $5 bill in an old winter coat. With that in mind, you’re probably thinking about how you can spend it, right? Before I get into the great […]

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How To File Taxes as an Actor or Performer

How To File Taxes as an Actor or Performer

Update: This applies to 2018 tax returns and further tax returns with years 2018 – 2025. Due to the Tax Cuts and Jobs Act, performers who receive W-2 statements, or who are recognized as employees can no longer deduct out-of-pocket job expenses. You will only be able to deduct expenses if you are filing a […]

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5 Things You’ll Need to Report On a Self-Employee or Business Tax Return

5 Things You’ll Need to Report On a Self-Employee or Business Tax Return

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 […]

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How to File a Tax Return with Multiple Types of Income

How to File a Tax Return with Multiple Types of Income

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 […]

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6 Tax Tips for the Unemployed

6 Tax Tips for the Unemployed

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 […]

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When Will I Get My State Tax Refund? How Do I Check State Refund Status?

When Will I Get My State Tax Refund? How Do I Check State Refund Status?

Are you wondering when you will get your state tax refund? Some states process refunds in days while others can take up to 16 weeks. Many tax filers know about the IRS “Where’s My Refund?” tool  to learn the status of federal refunds. However, some don’t know where to check the status of a state […]

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What Are Tax Statute of Limitations? Refunds, Audits & Liabilities

What Are Tax Statute of Limitations? Refunds, Audits & Liabilities

Are you wondering if the IRS can still audit old taxes or still collect tax settlements? Maybe you want to know if you can still receive an old tax refund? Whatever your tax situation may be, the IRS tax statute of limitations has a set time period for receiving your tax refund, to be audited […]

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¿Puedo Presentar Los Impuestos de Años Anteriores?

¿Puedo Presentar Los Impuestos de Años Anteriores?

¿Puedo Presentar Declaraciones de Impuestos de Años Anteriores? Como hacer los taxes? Nunca es demasiado tarde para presentar declaraciones de impuestos. Si no ha presentado su declaración de impuestos para años anteriores, debe presentar su declaración de impuestos lo antes posible.  Después de 15 de Octubre, no puedes presentar su declaración de impuestos con el […]

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What Should I Know About The New York City Tax Rates?

What Should I Know About The New York City Tax Rates?

If you lived in New York City or just worked there, you will have to file New York City income taxes. New York, New York; There is no place like it. New York City attracts millions of people from literally everywhere. New York has remained for years as one of the ten most expensive cities […]

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