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  • February 04
  • Posted By: Magda Abdo-Gomez
  • Posted In: Tax Penalties , Tax Withholding
  • Date: February 4, 2019
    • 0
    • 14

IRS Waives Estimated Tax Penalty for Certain Taxpayers

The US tax system is pay-as-you-go meaning that taxpayers are required to pay their taxes during the year. Employees satisfy this obligation by having taxes withheld from each paycheck. The self-employed make estimated tax payments four times a year. The law provides for the imposition of an estimat...
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  • May 02
  • Posted By: Magda Abdo-Gomez
  • Posted In: Tax Laws - Changes , Tax Withholding
  • Date: May 2, 2018
    • 0
    • 213

What you Need to Know About Tax Withholding Under the New Tax Act

             Our income tax system is known as a pay-as-you-go system. This means that as taxpayers we pay our income tax liability for the year as the income is earned. For employees, the income tax is withheld from wages as the income is earned. For self-employed persons estimated tax paym...
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14850 S.W. 26 Street Suite #112
Miami, FL 33185
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Recent Posts

  • IRS Waives Estimated Tax Penalty for Certain Taxpayers
  • Effect of Government Shutdown on Tax Filing and Tax Refunds
  • IRS Warns Employers of Scams Involving W-2s, Direct Deposits and Transfers

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