Tax payments

Helping Taxpayers Who Have Under-Withheld

September 10, 2020 6:26 AM

The General Accounting Office (GAO) just released a report to warn U.S. taxpayers that around 30 million of them are withholding too little from their paycheck. Unless these taxpayers make changes to their W-4s or send in estimated tax payments, they could be in for an unpleasant surprise next spring. But with many...

2020 IRS Tax Payments Extended by 90 Days: No Interest or Penalty

March 19, 2020 2:15 PM

By: Mark Kohler Taxpayers and business owners received a much needed lifeline yesterday from the Treasury and IRS in response to the Coronavirus outbreak. Individual taxpayers will get a three-month (90 day) extension to pay income taxes they owe for 2019, typically due on April 15th, but will now have until July...