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Tax Updates September 18

Third Quarter Tax Payments Due The IRS reminds taxpayers that those owing estimated quarterly tax payments must pay their third quarter installment by September 16 . This generally applies to small business owners and the self-employed, including those participating in the sharing economy as well as others whose earnings aren’t subject to withholding, such as […]

Paycheck Checkup for September

Tax Planning – Paycheck Checkup With the change of seasons and start of the traditional school year, it’s a good time to review your tax planning, and a Paycheck Checkup is an important part of that. What is a Paycheck Checkup? A Paycheck Checkup is a review of your tax withholding. Making sure the proper […]

Tax Updates September 1

IRS Waives Penalty Automatically More than 400,000 eligible taxpayers who were subject to a penalty for underestimated tax payments for the 2018 tax year will automatically receive the waiver, the IRS has announced . No action is required for eligible taxpayers to receive this waiver. Additionally, taxpayers who already paid the penalty will receive refunds. […]

IRS Updates Early September

IRS Updates Sep 13 Adjustments to Compliance Assurance Process (CAP) Announced The IRS has proposed changes to the Compliance Assurance Process (CAP), a pre-filing program to assist some of the largest taxpayers with compliance. Changes and reinforced rules include an October 1, 2018 opening date for applications, and taxpayers must submit a list of material […]