The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. There are two ways to pay as you go, either by employer withholding or estimated tax payments. Employer withholding: If you are an employee, your employer generally withholds income tax from your pay. […]
Wills & Trusts: Which is the best for your family
What did Prince and Howard Hughes have in common? Both of them were extremely talented people who died without wills or trusts in place. While they are high profile, wealthy examples, ANYONE with at least $75,000 in assets (a home, car, property, 401K) and/or is at least 18, should secure these documents to be sure […]
TPT returns and payments are due August 28th
TPT monthly and quarterly returns are due. Taxpayers can file now and schedule payments up until the deadline. The Arizona Department of Revenue (ADOR) reminds TPT (transaction privilege tax) filers that monthly and quarterly returns are due. Filing before the due date is highly encouraged in the event assistance is required. Avoid the worry and hassle […]
2020 Tax Deadlines Move from April to July
Tax deadline announcements move tax filing and payments from April 15th to July 15th, per U.S. Treasury Secretary Steven Mnuchin. These announcements were made on Tuesday, March 17, 2020, and Friday, March 20, 2020, with payment and penalty delays confirmed by an IRS notice. Here is what you need to know While the filing deadline […]
How to use IRS Direct Pay
PAYING BY CHECK OR MONEY ORDER You can pay by check or money order even if you e-file. To pay what you owe, make your check or money order payable to “United States Treasury” for the full amount due. Write “2019 Form 1040” on the memo line together with your Social Security Number (if you […]