Estimated Taxes

The IRS requires that taxes be paid as income is earned or received.  Payments can be made through regular withholding or by way of estimated tax payments.  If you don’t pay enough tax through withholding and estimated tax payments throughout the year, the IRS may charge you a penalty come tax time. Who has to pay? Generally, individuals have to make estimated tax payments if they expect to owe tax of…  Read more

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