Tag Archives: Tax Payments

Six Tips for People Who Owe Taxes

Most taxpayers will generate a refund, upon filing their taxes. However, some will not, and will instead owe an amount to the IRS. Below are several tips to ensure you are choosing the best method to pay for taxes owed.

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New provisions will affect your 2013 Estimated Tax Payments

It has been a crazy tax year so far – with the last minute changes by Congress and the IRS scrambling to update their systems.  Now that the dust is starting to settle, we need to look forward to the … Continue reading

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IRS Tax Payment Options

So, what do you do if you can not pay your taxes? The good news is that there are a number of options available to you. We have outlined the most common ways to settle your tax liability.

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Overpayment and underpayment rates remain the same for the first quarter of 2013

The interest rates for tax overpayments and underpayments for the calendar quarter beginning January 1, 2013, will remain the same as for the fourth quarter of 2012. For noncorporate taxpayers, the rate for both underpayments and overpayments for the first … Continue reading

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Increasing your withholdings could help avoid estimated tax penalties

As we approach year end, we are are starting the process of determining our clients’ potential tax liability.  It is important to always remember that the liability is different than how and when we pay the tax. Individuals with substantial income … Continue reading

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Still time to purchase assets and expense them under §179 before the end of the year

As we previously wrote, there are significant changes coming to the current tax law.  One of the most impacted areas relates to the timing of when we can expense the purchase of fixed assets.  Generally, there are two major provisions … Continue reading

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Now is the time to fund your Georgia GOAL Scholarship for 2012

In 2008, the Georgia General Assembly passed a law that allows a tax credit for amounts paid to an eligible student scholarship organization of a private school (grades k-12).  That’s right a tax credit for making eligible contributions to a Georgia private … Continue reading

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Bankruptcy and Tax Laws

The interrelationship between taxes and bankruptcy can be complicated and confusing. While there are not many examples of direct conflict between the Bankruptcy Code and the Internal Revenue Code, these are waters that should be navigated with care.

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2012 Individual Estimates Affected by Expiring Tax Provisions

I filing this years returns, I consistantly notice our 2012 estimates being much higher.  April 17, 2012 is the due date for affected calendar year taxpayers to make their first installment of 2012 estimated tax. There aren’t any changes in … Continue reading

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Options if you can not pay your taxes

So, what do you do if you can not pay your taxes?  The good news is that there are a number of options available to you.  We have outlined the most common ways to settle your tax liability.

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