Monday, October 14, 2019

Estimating What You Will Owe Uncle Sam.

Whether you make estimated tax payments or rely on withholding, you could be hit with a penalty if you don't pay enough tax throughout the year!  The penalty doesn't apply if you owe less than $1,000 in tax.  You can also avoid the penalty if your 2019 withholding or estimated tax payments equal at least 90% of your 2019 tax liability.

It can get a bit complicated and here, in the fourth quarter of the year you should be paying attention to what you HAVE done and what you WILL do.  Why not sit down with Las Vegas tax consultant Michael Mathews at his office located at 2620 Regatta Dr. Suite 102?  Avoid those tax preparation errors before it’s too late!  Just call (702) 240-5237.

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