How to Save on Future Quarterly Tax Payments
With the passage of the new tax law, most taxpayers now know what their tax outcomes will look like next year. Some of our clients received a significant refund earlier this year, but in turn applied the refund towards their first quarterly tax payment. This makes sense because it simplifies the withholding burden of individuals paying quarterly estimated taxes. In most cases, it could also lead to a significant reduction and simplification of taxes owed. Are you expecting a
Are you one of the million tax filers who might be leaving money with the IRS by not filing?
The IRS is currently holding over a BILLION dollars worth of tax refunds for over a million taxpayers who simply don’t file annually. Why does that matter to us? It is up to the taxpayer to file a return in order to claim a refund. It also must be completed within three years of the return’s due date or it is surrendered to the treasury. The IRS also doesn’t penalize those who are owed a refund and file late! In a lot of instances, people don’t file because they think they d