Article Highlights: Pay-as-you-go tax system Tax law changes affecting estimates Underpayment penalties Safe harbor estimates Our tax system is a “pay-as-you-go” system, and if your pre-paid amount is not enough, you become liable for non-deductible interest penalties. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-go” requirement. [...]
If you have been procrastinating on filing your 2013 tax return or have other prior year returns that have not been filed, you should consider the consequences. The April 15 due date for the 2013 returns is just around the corner. That is also the last day to file a 2010 return and be able [...]
As a newlywed you have likely experienced some wonderful and euphoric moments….. so why spoil it? Well reality has to set in sometime soon so here are a few moves that will help reduce your tax filing issues in the new year!!! If you got married during 2013, don’t forget to notify the Social Security [...]
Do you remember the show Extreme Makeover? I used to watch it every Sunday. It had such a great message of hope for these families who had very little and the whole community came out to support and love on the folks. They combined the love for design and function and decided to help people [...]
Most people don’t know that thousands of “tax preparers” across the country are not actually certified by the state. A tax preparer is a broad definition that could range from a family friend who prepares taxes to somebody who has had two months of training down at the corporate cookie-cutter tax preparation office. Many tax [...]