Age does matter, when it comes to tax obligations One of the elements that make our Federal Tax Code so hard to follow is that different laws apply to you based on you or your dependents’ age. To help you navigate through some of this maze, here is a chart that outlines key ages and …
Month: April 2025
A Guide to Tax Record Retention
Before you close this year's tax file there is still some work to do. If the IRS or state revenue department selects your return for review, you will need to be prepared. Here is what you need to do now: Keep a copy of your Form 1040 indefinitely. Do not toss or destroy any of your …
It’s Tax Time! Don’t Forget 1st Quarter Estimated Payments.
Now is the time to pay your taxes AND make your estimated tax payment. Both your individual tax return AND first quarter estimated tax payment are due. Here is what you need to know. First quarter due date: Tuesday, April 15, 2025 The estimated tax payment rule You are required to withhold or prepay throughout …
Continue reading It’s Tax Time! Don’t Forget 1st Quarter Estimated Payments.
Tax Bill Payment Options Expand Digitally
Understand the options and costs As the payment alternatives continue to evolve in the economy, so too are the payment options available to you to pay your tax bill. Here is what's available to you this tax filing season along with each option's related costs. Various payment methods to pay taxes 1. Electronic funds withdrawal. This …
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