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20 Facts About Filing an Amended Prior Year Tax Return

20 Facts About Filing an Amended Prior Year Tax Return

Did you take the wrong step with your tax return? Don’t be too hard on yourself. Mistakes happen. If you filed your tax return with incorrect or missing information, the IRS will give you a chance to fix your mishap. Before insisting you 100% need to amend your return, though, take a look at our […]

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Someone Used My Social Security Number to File Taxes – What Should I Do?

Someone Used My Social Security Number to File Taxes – What Should I Do?

Victim of identity theft? Don’t let panic get the best of you. After entering your tax information, you finally hit the e-file button, only to have your return rejected by the IRS. The reason; a tax return has already been filed with your social security number! There’s a sinking feeling in your gut and an […]

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Calculate Your Prior Year Tax Refunds with Tax Calculators

Calculate Your Prior Year Tax Refunds with Tax Calculators

The IRS has never been keen on surprises. Know what to expect. Whether you’re slightly behind on your taxes or up to date and ready to conquer tax season 2017, it’s nice to have a starting point. Taxes are intimidating if you go into it not knowing whether you owe the IRS or can expect […]

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What Does Being Audited By The IRS Mean?

What Does Being Audited By The IRS Mean?

Feel like the IRS has all eyes on you? Think of filing your taxes as going through security at an airport. Your tax return is you. The security checkpoint is the IRS. Just like you can be stopped while going through security, your tax return can be stopped by the IRS. With a security checkpoint, […]

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IRS Address to File a Late Tax Return

IRS Address to File a Late Tax Return

If you need to file a prior year tax return, you’ll have to mail it to the IRS… Still need to get caught up on a prior year tax return? You’ll most likely need to paper file it. If this is the case, you’ll need the IRS address to send your return to. You’ll be able […]

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Student Loan Interest Deduction Income Limit

Student Loan Interest Deduction Income Limit

Strapped for cash as a recent grad? See if you qualify for a student loan interest deduction. College is over and you’ve been blasted with a taste of reality…or should I say adulthood? It’s tough but you’ll get through it. Even the IRS is on your side with certain deductions available to those of us who […]

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1099-C Defined: Handling Past Due Debt

1099-C Defined: Handling Past Due Debt

So you’ve accrued a bit of debt. It’s not the end of the world. Debt is stressful, overbearing and can build up quickly. When this happens, you may need to eliminate it altogether. In a situation when you need to cancel your debt completely, you would contact your creditor and they’d issue you form 1099-C, as […]

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Can I Deduct Overlooked Expenses from Previous Years on This Year’s Taxes?

Can I Deduct Overlooked Expenses from Previous Years on This Year’s Taxes?

Lumping overlooked tax deductions in with this year’s return is hardly an option. Generally speaking, you cannot deduct expenses from a previous year on this year’s tax return. You can only deduct expenses in the year that you paid for them. Each tax return reports finances for its own year and each of those years needs […]

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How Far Back Can I File Prior Year Taxes?

How Far Back Can I File Prior Year Taxes?

So, you ran a little late and forgot to file a prior-year tax return? Are you wondering if you can file a tax return all the way back, say, 6 years? The answer is yes, you can! This should not be confused with e-filing. The IRS has electronic filing available through October of the year your […]

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Can I File My 2009 Taxes Online?

Can I File My 2009 Taxes Online?

You can prepare your 2009 tax return online with PriorTax. Once, a long time ago, 2009 tax returns were due on April 15, 2010. If you’ve been putting off filing your 2009 taxes since that initial deadline, you may wonder why you should bother filing at all? There are a couple of good reasons you […]

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