The Good News: You made more money this year than you ever have before.
The Bad News: You have to pay your taxes by April 18th.
If you do not have the funds to pay your tax liability on April 18th, do not bury your head in the sand. The IRS wants to make it as easy as possible to get their money. You can trade a high penalty for a low interest rate by setting up a payment plan. This Online Payment Agreement is fast, secure and user friendly.
Are you sick of owing every year? You can take control of your tax liability by:
- Decreasing your exemptions on your W2
- Making timely estimated quarterly tax payments
- Keeping good records to maximize expenses
- Earning less money…Just kidding!
And at the end of the day, never hesitate to contact your favorite tax professionals (that’s us) with your questions and concerns!