Filing a Prior Year Tax Return in Houston, TX - Molen & Associates

Stay Ahead of Law Changes & Protect Yourself Against Being Audited: Corporate Transparency Act and Reasonable Compensation

Filing a Prior Year Tax Return in Houston, TX

Here at Molen & Associates, we have over 40 years of experience helping our clients with IRS problems. We know that filing a prior year tax return can be a daunting task, but we’re here to help. Keep reading to learn more about how we can help you file your return and resolve any outstanding tax issues you may have.

 

What is a Prior Year Tax Return?

A prior year tax return is a federal income tax return that you filed for a previous tax year. If you did not file a return for a particular year, you may still be able to file it now. The IRS generally allows you to file tax returns from many years ago. However, there are some exceptions to this rule. For example, if you are due a refund, you have three years from the original due date of the return to file it and claim your refund. If you owe taxes, you will accrue interest on any unpaid taxes until they are paid in full.

 

Why Would I Need to File a Prior Year Tax Return?

There are many reasons why you might need to file a prior year tax return. Maybe you didn’t realize you needed to file a return for a particular year because your employer didn’t withhold any taxes from your paychecks. Or maybe you didn’t make enough money in a given year to meet the IRS’s filing requirements. Whatever the reason, if you didn’t file a return for one or more years, it’s important to take action as soon as possible. 

 

How Molen & Associates Can Help You File Your Prior Year Tax Return 

At Molen & Associates, we understand how confusing and complicated the tax process can be. That’s why we’re here to help. We’ll work with you to determine which years you need to file returns for and gather all of the necessary documentation. We’ll also help resolve any outstanding tax issues you may have, such as unpaid taxes or penalties. And because we’re located in Houston, TX, we’re able to provide personalized service that larger national firms simply can’t match. 

If you need help filing a prior year tax return, Molen & Associates is here to help. We have over 40 years of experience assisting our clients with IRS problems, and we’re located in Houston, TX. We’ll work with you to determine which years you need to file returns for and gather all of the necessary documentation. We’ll also help resolve any outstanding tax issues you may have, such as unpaid taxes or penalties. Contact us today to get started!

 

The Molen & Associates Difference

Mike Forsyth

“Super helpful and timely. This is our first year with them and we look forward to trusting them with our taxes and business books for years to come.”

Caitlin Daulong

“Molen & Associates is amazing! They run an incredibly streamlined process, which makes filing taxes a breeze. So impressed with their attention to detail, organization, and swift execution every year. Cannot recommend them enough!”

Sy Sahrai

“I’ve been with Mr. Molen’s company for few years and I felt treated like family respect and dignity. They are caring, professional and honest, which hard to find these days. Love working with them.”

Credits vs Deductions: What is the Difference?

When it comes to filing taxes, understanding the difference between tax credits and tax deductions is crucial. Both can significantly reduce your tax liability, but they work in different ways. This article will delve into the distinctions between tax credits and...

IRS Audits: Understanding the Process, Red Flags, and Preparation

Navigating the complexities of the U.S. tax system can be daunting, and one of the most anxiety-inducing aspects for taxpayers is the possibility of an IRS audit. Understanding the audit process, recognizing potential red flags, and knowing how to prepare can...

Energy Tax Credits: Tax Incentives for Energy-Efficient Home Improvements and Renewable Energy Installations

In an era where environmental sustainability is becoming increasingly critical, energy tax credits offer homeowners a financial incentive to make energy-efficient home improvements and invest in renewable energy installations. These tax credits not only help reduce...

Foreign Income and Taxes: Understanding the Foreign Earned Income Exclusion and Tax Implications for Expatriates

Foreign Income and Taxes: Understanding the Foreign Earned Income Exclusion and Tax Implications for Expatriates Living and working abroad can be an exciting adventure, but it also comes with unique tax challenges. One of the most significant considerations for U.S....

Understanding the Alternative Minimum Tax (AMT): Who It Affects and How It Works

The Alternative Minimum Tax (AMT) is a crucial component of the U.S. tax system, designed to ensure that individuals with higher incomes pay a minimum amount of tax, regardless of their deductions and credits. This article explores the concept of AMT, its implications...

Tax Implications of Inheritance: Understanding Estate Taxes, Inheritance Taxes, and Step-Up in Basis Rules

Inheriting assets can be a complex affair, especially when it comes to understanding the tax implications involved. This article delves into the intricacies of estate taxes, inheritance taxes, and the step-up in basis rules, providing a comprehensive overview for...

Healthcare and Taxes: Navigating Health Savings Accounts (HSAs) and Medical Expense Deductions

Healthcare costs can be a significant financial burden, but tax-advantaged accounts like Health Savings Accounts (HSAs) and deductions for medical expenses can help mitigate these costs. Understanding these benefits can lead to substantial tax savings and financial...

Tax Credits for Families: Navigating the Child Tax Credit and the Child and Dependent Care Credit

Tax credits are essential tools for reducing the tax burden on families, helping to increase disposable income and financial stability. Among these, the Child Tax Credit (CTC) and the Child and Dependent Care Credit (CDCC) are particularly beneficial for parents and...

Retirement Contributions and Taxes: Understanding the Tax Implications of Contributing to IRAs and 401(k)s

When planning for retirement, understanding the tax implications of contributing to retirement accounts such as Individual Retirement Arrangements (IRAs) and 401(k) plans is crucial. These accounts offer valuable tax benefits, which can significantly impact your...

Texas has been declared a Federal Disaster. What does this mean?

With the storm and power outages last week, Texas has been declared a Federal Disaster. What does this mean? When a state is declared a federal disaster area by the President of the United States, it triggers a series of federal assistance measures under the Robert T....

Request an Appointment Today

13 + 11 =

Call us at

Pin It on Pinterest

Share This