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How Do I File My 2012 Taxes Late

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How Do I File My 2012 Taxes Late

How do i file my 2012 taxes late 7. How do i file my 2012 taxes late   Figuring Gross Profit Table of Contents Introduction Items To Check Testing Gross Profit AccuracyExample. How do i file my 2012 taxes late Additions to Gross Profit Introduction After you have figured the gross receipts from your business (chapter 5) and the cost of goods sold (chapter 6), you are ready to figure your gross profit. How do i file my 2012 taxes late You must determine gross profit before you can deduct any business expenses. How do i file my 2012 taxes late These expenses are discussed in chapter 8. How do i file my 2012 taxes late If you are filing Schedule C-EZ, your gross profit is your gross receipts plus certain other amounts, explained later under Additions to Gross Profit. How do i file my 2012 taxes late Businesses that sell products. How do i file my 2012 taxes late   If you are filing Schedule C, figure your gross profit by first figuring your net receipts. How do i file my 2012 taxes late Figure net receipts (line 3) on Schedule C by subtracting any returns and allowances (line 2) from gross receipts (line 1). How do i file my 2012 taxes late Returns and allowances include cash or credit refunds you make to customers, rebates, and other allowances off the actual sales price. How do i file my 2012 taxes late   Next, subtract the cost of goods sold (line 4) from net receipts (line 3). How do i file my 2012 taxes late The result is the gross profit from your business. How do i file my 2012 taxes late Businesses that sell services. How do i file my 2012 taxes late   You do not have to figure the cost of goods sold if the sale of merchandise is not an income-producing factor for your business. How do i file my 2012 taxes late Your gross profit is the same as your net receipts (gross receipts minus any refunds, rebates, or other allowances). How do i file my 2012 taxes late Most professions and businesses that sell services rather than products can figure gross profit directly from net receipts in this way. How do i file my 2012 taxes late Illustration. How do i file my 2012 taxes late   This illustration of the gross profit section of the income statement of a retail business shows how gross profit is figured. How do i file my 2012 taxes late Income Statement Year Ended December 31, 2013 Gross receipts $400,000 Minus: Returns and allowances 14,940 Net receipts $385,060 Minus: Cost of goods sold 288,140 Gross profit $96,920   The cost of goods sold for this business is figured as follows: Inventory at beginning of year $37,845 Plus: Purchases $285,900   Minus: Items withdrawn for personal use 2,650 283,250 Goods available for sale $321,095 Minus: Inventory at end of year 32,955 Cost of goods sold $288,140 Items To Check Consider the following items before figuring your gross profit. How do i file my 2012 taxes late Gross receipts. How do i file my 2012 taxes late   At the end of each business day, make sure your records balance with your actual cash and credit receipts for the day. How do i file my 2012 taxes late You may find it helpful to use cash registers to keep track of receipts. How do i file my 2012 taxes late You should also use a proper invoicing system and keep a separate bank account for your business. How do i file my 2012 taxes late Sales tax collected. How do i file my 2012 taxes late   Check to make sure your records show the correct sales tax collected. How do i file my 2012 taxes late   If you collect state and local sales taxes imposed on you as the seller of goods or services from the buyer, you must include the amount collected in gross receipts. How do i file my 2012 taxes late   If you are required to collect state and local taxes imposed on the buyer and turn them over to state or local governments, you generally do not include these amounts in income. How do i file my 2012 taxes late Inventory at beginning of year. How do i file my 2012 taxes late   Compare this figure with last year's ending inventory. How do i file my 2012 taxes late The two amounts should usually be the same. How do i file my 2012 taxes late Purchases. How do i file my 2012 taxes late   If you take any inventory items for your personal use (use them yourself, provide them to your family, or give them as personal gifts, etc. How do i file my 2012 taxes late ) be sure to remove them from the cost of goods sold. How do i file my 2012 taxes late For details on how to adjust cost of goods sold, see Merchandise withdrawn from sale in chapter 6. How do i file my 2012 taxes late Inventory at end of year. How do i file my 2012 taxes late   Check to make sure your procedures for taking inventory are adequate. How do i file my 2012 taxes late These procedures should ensure all items have been included in inventory and proper pricing techniques have been used. How do i file my 2012 taxes late   Use inventory forms and adding machine tapes as the only evidence for your inventory. How do i file my 2012 taxes late Inventory forms are available at office supply stores. How do i file my 2012 taxes late These forms have columns for recording the description, quantity, unit price, and value of each inventory item. How do i file my 2012 taxes late Each page has space to record who made the physical count, who priced the items, who made the extensions, and who proofread the calculations. How do i file my 2012 taxes late These forms will help satisfy you that the total inventory is accurate. How do i file my 2012 taxes late They will also provide you with a permanent record to support its validity. How do i file my 2012 taxes late   Inventories are discussed in chapter 2. How do i file my 2012 taxes late Testing Gross Profit Accuracy If you are in a retail or wholesale business, you can check the accuracy of your gross profit figure. How do i file my 2012 taxes late First, divide gross profit by net receipts. How do i file my 2012 taxes late The resulting percentage measures the average spread between the merchandise cost of goods sold and the selling price. How do i file my 2012 taxes late Next, compare this percentage to your markup policy. How do i file my 2012 taxes late Little or no difference between these two percentages shows that your gross profit figure is accurate. How do i file my 2012 taxes late A large difference between these percentages may show that you did not accurately figure sales, purchases, inventory, or other items of cost. How do i file my 2012 taxes late You should determine the reason for the difference. How do i file my 2012 taxes late Example. How do i file my 2012 taxes late   Joe Able operates a retail business. How do i file my 2012 taxes late On the average, he marks up his merchandise so that he will realize a gross profit of 331/3% on its sales. How do i file my 2012 taxes late The net receipts (gross receipts minus returns and allowances) shown on his income statement is $300,000. How do i file my 2012 taxes late His cost of goods sold is $200,000. How do i file my 2012 taxes late This results in a gross profit of $100,000 ($300,000 − $200,000). How do i file my 2012 taxes late To test the accuracy of this year's results, Joe divides gross profit ($100,000) by net receipts ($300,000). How do i file my 2012 taxes late The resulting 331/3% confirms his markup percentage of 331/3%. How do i file my 2012 taxes late Additions to Gross Profit If your business has income from a source other than its regular business operations, enter the income on line 6 of Schedule C and add it to gross profit. How do i file my 2012 taxes late The result is gross business income. How do i file my 2012 taxes late If you use Schedule C-EZ, include the income on line 1 of the schedule. How do i file my 2012 taxes late Some examples include income from an interest-bearing checking account, income from scrap sales, income from certain fuel tax credits and refunds, and amounts recovered from bad debts. How do i file my 2012 taxes late Prev  Up  Next   Home   More Online Publications
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APIs

American Job Center Resources APIs
American Job Center partners with O'Net to provide a variety of APIs that are useful for jobseekers.
Style: RESTful APIs
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BusinessUSA Resource Access API
BusinessUSA connects businesses to government services and information. The API provides access to resource abstracts including programs, services, data, events, and more.
Style: RESTful API
Return Format: XML, CSV
Read the Documentation.

Citizen Topics API
This API lists the topics that we use to organize content on USA.gov. You can access it via the /tags call to the Social Media Registry.
Style: RESTful API
Return Format: HTML5, JSON, XML
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DigitalGov Search API (formerly USASearch)
Provides DigitalGov Search customers with results. This API is only available for use on official government websites. Sign in is required.
Style: RESTful API (requires DigitalGov Search account)
Return Format: JSON, JSONP, XML
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Federal Agency Directory API
This API contains directory information about federal agencies, such as contact methods, in English and Spanish.
Style: RESTful API
Return Format: JSON, JSONP, XML
Read the Documentation. Explore the Interactive Documentation.

Go.USA.gov API
Go.USA.gov is a URL shortener for government employees. The API can shorten, preview, and show clicks on short URLs.
Style: RESTful API
Return Format: JSON, JSONP, XML, plain text
Read the Documentation.

Government Jobs API
This API returns job openings across the federal government and includes all current openings posted on USAJobs.gov that are open to the public and located in the United States. It also includes some state and local government jobs.
Style: RESTful API
Return Format: JSON
Read the Documentation.

MyUSA APIs
Project MyUSA re-imagines how citizens interact with government. Use the MyUSA API to build apps that integrate with MyUSA.
Style: RESTful APIs (requires authentication and registration)
Read the Documentation.

Product Recall Data API
This API returns food recalls from FoodSafety.gov, car recalls from the National Highway Traffic Safety Administration, and product safety recalls from the Consumer Product Safety Commission.
Style: RESTful API
Return Format: JSON
Read the Documentation.

Social Media Registry API
The Social Media Registry is an official source of information about federal government social media accounts.
Style: RESTful API
Return Format: HTML5, JSON, XML
Read the Documentation.

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Data Feeds

1.USA.gov Data
1.USA.gov URLs are created whenever anyone shortens a .gov or .mil URL using bitly.
Style: Raw pub/sub feed
Return Format: JSON
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Frequently Asked Questions XML
The contents of our frequently asked questions are available in English and Spanish.
Style: XML data file
Read the Documentation.

List of Non-.gov URLs in Our Search
We search across all federal, state, local, tribal, and territorial government websites. Most government websites end in .gov or .mil, but many do not. This is a list of all government URLs that do not end in .gov or .mil.
Style: TXT file
Read the Documentation.

RSS Directory
Find feeds from across government.
Style: RSS

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The How Do I File My 2012 Taxes Late

How do i file my 2012 taxes late 12. How do i file my 2012 taxes late   How To Get Tax Help Table of Contents Whether it's help with a tax issue, preparing your tax return or a need for a free publication or form, get the help you need the way you want it: online, use a smart phone, call or walk in to an IRS office or volunteer site near you. How do i file my 2012 taxes late Free help with your tax return. How do i file my 2012 taxes late   You can get free help preparing your return nationwide from IRS-certified volunteers. How do i file my 2012 taxes late The Volunteer Income Tax Assistance (VITA) program helps low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers. How do i file my 2012 taxes late The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. How do i file my 2012 taxes late Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. How do i file my 2012 taxes late In addition, some VITA and TCE sites provide taxpayers the opportunity to prepare their own return with help from an IRS-certified volunteer. How do i file my 2012 taxes late To find the nearest VITA or TCE site, you can use the VITA Locator Tool on IRS. How do i file my 2012 taxes late gov, download the IRS2Go app, or call 1-800-906-9887. How do i file my 2012 taxes late   As part of the TCE program, AARP offers the Tax-Aide counseling program. How do i file my 2012 taxes late To find the nearest AARP Tax-Aide site, visit AARP's website at www. How do i file my 2012 taxes late aarp. How do i file my 2012 taxes late org/money/taxaide or call 1-888-227-7669. How do i file my 2012 taxes late For more information on these programs, go to IRS. How do i file my 2012 taxes late gov and enter “VITA” in the search box. How do i file my 2012 taxes late Internet. How do i file my 2012 taxes late    IRS. How do i file my 2012 taxes late gov and IRS2Go are ready when you are —24 hours a day, 7 days a week. How do i file my 2012 taxes late Download the free IRS2Go app from the iTunes app store or from Google Play. How do i file my 2012 taxes late Use it to check your refund status, order transcripts of your tax returns or tax account, watch the IRS YouTube channel, get IRS news as soon as it's released to the public, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. How do i file my 2012 taxes late Check the status of your 2013 refund with the Where's My Refund? application on IRS. How do i file my 2012 taxes late gov or download the IRS2Go app and select the Refund Status option. How do i file my 2012 taxes late The IRS issues more than 9 out of 10 refunds in less than 21 days. How do i file my 2012 taxes late Using these applications, you can start checking on the status of your return within 24 hours after we receive your e-filed return or 4 weeks after you mail a paper return. How do i file my 2012 taxes late You will also be given a personalized refund date as soon as the IRS processes your tax return and approves your refund. How do i file my 2012 taxes late The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. How do i file my 2012 taxes late Use the Interactive Tax Assistant (ITA) to research your tax questions. How do i file my 2012 taxes late No need to wait on the phone or stand in line. How do i file my 2012 taxes late The ITA is available 24 hours a day, 7 days a week, and provides you with a variety of tax information related to general filing topics, deductions, credits, and income. How do i file my 2012 taxes late When you reach the response screen, you can print the entire interview and the final response for your records. How do i file my 2012 taxes late New subject areas are added on a regular basis. How do i file my 2012 taxes late  Answers not provided through ITA may be found in Tax Trails, one of the Tax Topics on IRS. How do i file my 2012 taxes late gov which contain general individual and business tax information or by searching the IRS Tax Map, which includes an international subject index. How do i file my 2012 taxes late You can use the IRS Tax Map, to search publications and instructions by topic or keyword. How do i file my 2012 taxes late The IRS Tax Map integrates forms and publications into one research tool and provides single-point access to tax law information by subject. How do i file my 2012 taxes late When the user searches the IRS Tax Map, they will be provided with links to related content in existing IRS publications, forms and instructions, questions and answers, and Tax Topics. How do i file my 2012 taxes late Coming this filing season, you can immediately view and print for free all 5 types of individual federal tax transcripts (tax returns, tax account, record of account, wage and income statement, and certification of non-filing) using Get Transcript. How do i file my 2012 taxes late You can also ask the IRS to mail a return or an account transcript to you. How do i file my 2012 taxes late Only the mail option is available by choosing the Tax Records option on the IRS2Go app by selecting Mail Transcript on IRS. How do i file my 2012 taxes late gov or by calling 1-800-908-9946. How do i file my 2012 taxes late Tax return and tax account transcripts are generally available for the current year and the past three years. How do i file my 2012 taxes late Determine if you are eligible for the EITC and estimate the amount of the credit with the Earned Income Tax Credit (EITC) Assistant. How do i file my 2012 taxes late Visit Understanding Your IRS Notice or Letter to get answers to questions about a notice or letter you received from the IRS. How do i file my 2012 taxes late If you received the First Time Homebuyer Credit, you can use the First Time Homebuyer Credit Account Look-up tool for information on your repayments and account balance. How do i file my 2012 taxes late Check the status of your amended return using Where's My Amended Return? Go to IRS. How do i file my 2012 taxes late gov and enter Where's My Amended Return? in the search box. How do i file my 2012 taxes late You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. How do i file my 2012 taxes late It can take up to 3 weeks from the date you mailed it to show up in our system. How do i file my 2012 taxes late Make a payment using one of several safe and convenient electronic payment options available on IRS. How do i file my 2012 taxes late gov. How do i file my 2012 taxes late Select the Payment tab on the front page of IRS. How do i file my 2012 taxes late gov for more information. How do i file my 2012 taxes late Determine if you are eligible and apply for an online payment agreement, if you owe more tax than you can pay today. How do i file my 2012 taxes late Figure your income tax withholding with the IRS Withholding Calculator on IRS. How do i file my 2012 taxes late gov. How do i file my 2012 taxes late Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. How do i file my 2012 taxes late Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. How do i file my 2012 taxes late gov. How do i file my 2012 taxes late Request an Electronic Filing PIN by going to IRS. How do i file my 2012 taxes late gov and entering Electronic Filing PIN in the search box. How do i file my 2012 taxes late Download forms, instructions and publications, including accessible versions for people with disabilities. How do i file my 2012 taxes late Locate the nearest Taxpayer Assistance Center (TAC) using the Office Locator tool on IRS. How do i file my 2012 taxes late gov, or choose the Contact Us option on the IRS2Go app and search Local Offices. How do i file my 2012 taxes late An employee can answer questions about your tax account or help you set up a payment plan. How do i file my 2012 taxes late Before you visit, check the Office Locator on IRS. How do i file my 2012 taxes late gov, or Local Offices under Contact Us on IRS2Go to confirm the address, phone number, days and hours of operation, and the services provided. How do i file my 2012 taxes late If you have a special need, such as a disability, you can request an appointment. How do i file my 2012 taxes late Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. How do i file my 2012 taxes late Apply for an Employer Identification Number (EIN). How do i file my 2012 taxes late Go to IRS. How do i file my 2012 taxes late gov and enter Apply for an EIN in the search box. How do i file my 2012 taxes late Read the Internal Revenue Code, regulations, or other official guidance. How do i file my 2012 taxes late Read Internal Revenue Bulletins. How do i file my 2012 taxes late Sign up to receive local and national tax news and more by email. How do i file my 2012 taxes late Just click on “subscriptions” above the search box on IRS. How do i file my 2012 taxes late gov and choose from a variety of options. How do i file my 2012 taxes late Phone. How do i file my 2012 taxes late    You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. How do i file my 2012 taxes late Download the free IRS2Go app from the iTunes app store or from Google Play. How do i file my 2012 taxes late Call to locate the nearest volunteer help site, 1-800-906-9887 or you can use the VITA Locator Tool on IRS. How do i file my 2012 taxes late gov, or download the IRS2Go app. How do i file my 2012 taxes late Low-to-moderate income, elderly, people with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. How do i file my 2012 taxes late The Tax Counseling for the Elderly (TCE) program helps taxpayers age 60 and older with their tax returns. How do i file my 2012 taxes late Most VITA and TCE sites offer free electronic filing. How do i file my 2012 taxes late Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. How do i file my 2012 taxes late Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. How do i file my 2012 taxes late Call the automated Where's My Refund? information hotline to check the status of your 2013 refund 24 hours a day, 7 days a week at 1-800-829-1954. How do i file my 2012 taxes late If you e-file, you can start checking on the status of your return within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. How do i file my 2012 taxes late The IRS issues more than 9 out of 10 refunds in less than 21 days. How do i file my 2012 taxes late Where's My Refund? will give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. How do i file my 2012 taxes late Before you call this automated hotline, have your 2013 tax return handy so you can enter your social security number, your filing status, and the exact whole dollar amount of your refund. How do i file my 2012 taxes late The IRS updates Where's My Refund? every 24 hours, usually overnight, so you only need to check once a day. How do i file my 2012 taxes late Note, the above information is for our automated hotline. How do i file my 2012 taxes late Our live phone and walk-in assistors can research the status of your refund only if it's been 21 days or more since you filed electronically or more than 6 weeks since you mailed your paper return. How do i file my 2012 taxes late Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. How do i file my 2012 taxes late You can generally expect your amended return to be processed up to 12 weeks from the date we receive it. How do i file my 2012 taxes late It can take up to 3 weeks from the date you mailed it to show up in our system. How do i file my 2012 taxes late Call 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions, publications, and prior-year forms and instructions (limited to 5 years). How do i file my 2012 taxes late You should receive your order within 10 business days. How do i file my 2012 taxes late Call TeleTax, 1-800-829-4477, to listen to pre-recorded messages covering general and business tax information. How do i file my 2012 taxes late If, between January and April 15, you still have questions about the Form 1040, 1040A, or 1040EZ (like filing requirements, dependents, credits, Schedule D, pensions and IRAs or self-employment taxes), call 1-800-829-1040. How do i file my 2012 taxes late Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. How do i file my 2012 taxes late The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. How do i file my 2012 taxes late These individuals can also contact the IRS through relay services such as the Federal Relay Service. How do i file my 2012 taxes late Walk-in. How do i file my 2012 taxes late   You can find a selection of forms, publications and services — in-person. How do i file my 2012 taxes late Products. How do i file my 2012 taxes late You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. How do i file my 2012 taxes late Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. How do i file my 2012 taxes late Services. How do i file my 2012 taxes late You can walk in to your local TAC for face-to-face tax help. How do i file my 2012 taxes late An employee can answer questions about your tax account or help you set up a payment plan. How do i file my 2012 taxes late Before visiting, use the Office Locator tool on IRS. How do i file my 2012 taxes late gov, or choose the Contact Us option on the IRS2Go app and search Local Offices for days and hours of operation, and services provided. How do i file my 2012 taxes late Mail. How do i file my 2012 taxes late   You can send your order for forms, instructions, and publications to the address below. How do i file my 2012 taxes late You should receive a response within 10 business days after your request is received. How do i file my 2012 taxes late Internal Revenue Service 1201 N. How do i file my 2012 taxes late Mitsubishi Motorway Bloomington, IL 61705-6613    The Taxpayer Advocate Service Is Here to Help You. How do i file my 2012 taxes late The Taxpayer Advocate Service (TAS) is your voice at the IRS. How do i file my 2012 taxes late Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. How do i file my 2012 taxes late   What can TAS do for you? We can offer you free help with IRS problems that you can't resolve on your own. How do i file my 2012 taxes late We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. How do i file my 2012 taxes late You face (or your business is facing) an immediate threat of adverse action. How do i file my 2012 taxes late You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. How do i file my 2012 taxes late   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. How do i file my 2012 taxes late Here's why we can help: TAS is an independent organization within the IRS. How do i file my 2012 taxes late Our advocates know how to work with the IRS. How do i file my 2012 taxes late Our services are free and tailored to meet your needs. How do i file my 2012 taxes late We have offices in every state, the District of Columbia, and Puerto Rico. How do i file my 2012 taxes late   How can you reach us? If you think TAS can help you, call your local advocate, whose number is in your local directory and at www. How do i file my 2012 taxes late irs. How do i file my 2012 taxes late gov/Advocate, or call us toll-free at 1-877-777-4778. How do i file my 2012 taxes late   How else does TAS help taxpayers?  TAS also works to resolve large-scale, systemic problems that affect many taxpayers. How do i file my 2012 taxes late If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System. How do i file my 2012 taxes late Low Income Taxpayer Clinics. How do i file my 2012 taxes late   Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals, and tax collection disputes. How do i file my 2012 taxes late Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. How do i file my 2012 taxes late Visit www. How do i file my 2012 taxes late irs. How do i file my 2012 taxes late gov/Advocate or see IRS Publication 4134, Low Income Taxpayer Clinic List. How do i file my 2012 taxes late Prev  Up  Next   Home   More Online Publications