When you file your individual income tax return, do you usually owe taxes? If you do, then this is an indication that you are either not having the proper withholdings from your paycheck OR if you do not receive a W-2 for income, then you should be making estimated payments. What is the consequence if […]
We seem to be inundated with information to the extent that we can be overwhelmed. What should we pay attention to? What isn’t relevant to our situation? Is the information being provided valid and authentic? So, what should we do? First of all, be cautious on the source of the information. Is it from a […]
This year, tax season was extended to May 17, 2021; an extra month to file those Forms 1040 or to request an extension to file. You may have timely filed the Form 1040 or Form 4868 for an extension, but you receive a notice from the IRS about your return not being filed timely or […]
Take a look at your paystub and you realize the amount of taxes that are being withheld from your pay. It can be disheartening, but that is the way we pay our taxes if we are employed. If you don’t get a paycheck with withholdings, then you may be required to make estimated payments throughout […]
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