A Tip to Avoid Late Payment Penalties

Many clients like to keep their Federal Tax Withholdings as low as possible to avoid the IRS having their funds interest-free throughout the year. Other taxpayers, especially those with non-payroll income, must make quarterly payments to the IRS. As long as these quarterly payments are made timely and the amount of the payments is sufficient […]

Minimize Your Tax Bill with Your Charitable Work

If you do volunteer work for a charitable organization and have not kept track of your out-of-pocket expenses, you might be passing up an excellent opportunity to lower your tax bill. How to get a tax break To qualify, your unreimbursed expenses must relate directly to the charity, and you must itemize your deductions on […]