What are Estimated Tax Payments and Why Do I Have to Pay Them?
One of the most disliked parts of the US taxation system is the need to pay Estimated Taxes — it is often a large check and by writing it, you realize just how much the government is taking in taxes... Read More →
Franchise Tax Board delayed in processing June 2019 payments
July 12, 2019 Franchise Tax Board Late Arrival of Some June Payments Due to a significant delay at the Post Office, some June payments arrived via mail up to a month late at the Franchise Tax Board. However, these payments... Read More →
Tips and Tricks to becoming a “saver”
In our tax practice we are constantly talking about saving. Saving for college (529 plan), saving for retirement (IRA), saving to pay for medical expenses (HSA), saving to pay for childcare (FSA), saving to pay property taxes (impound account), saving... Read More →
Despite a smaller refund, you may be a winner of the new tax law
Did your refund go down this year? If yes, you may think that you are paying more in taxes, but your refund is not the right measure to use to see if you are a winner or loser in the new... Read More →
IRS waives penalty for many whose tax withholding and estimated tax payments fell short in 2018
IR-2019-03, January 16, 2019 WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for... Read More →
How do tax brackets really work?
Clients often tell me that they don’t want to make more money because they don’t want to go into the next tax bracket. They are often surprised when I tell them not to worry about that and make as much... Read More →