Quarterly Tax Payments: Beware 90% May Be Greater Than 100% or 110%

In certain situations it is necessary for individuals to make estimated quarterly tax payments using the Form 1040-ES payment voucher.  Estimated tax payments are necessary when income is derived from sources that are not subject to withholding such as interest, dividends, gains from sales of assets, rental income, royalties, schedule E pass-through income, and self-employment…

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What’s New at the IRS?

The Internal Revenue Service has been in the news lately, and not for the normal reasons.  The IRS has been called out for using its power in the wrong ways to monitor non-profit organizations, making poor choices on spending money to train employees, and for other questionable practices. Beyond this internal strife, there is news…

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