Five Things to Know about Estimated Taxes and Withholding
The IRS charges penalties for several different things, such as: filing your return late and paying the tax late.
If you have someone who prepares your tax return for you, they can assist you with determining if you are having enough tax withheld from your paycheck or if your estimated tax payments are enough.
If you prepare your taxes yourself, the IRS has a tool on their website to help you out.
Find out more in the latest IRS Tax Tip...